The Confidence Problem

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Stocks just ended their worst quarter since the financial crisis. The Nasdaq and S&P 500 each lost more than 12%.
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Austerity and the Economy

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The debt deal in Congress is as good as passed. And yet stocks sold off hard yesterday. And today isn’t shaping up to be much … Read more

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Debt Deal Done: Will the U.S. Get Downgraded?

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Well, well. Congress did it. And more than a full day ahead of Treasury Secretary Geithner’s absolute deadline on Tuesday, August 2…. Read more

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Mixed Economic Data

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The stock market recovered from Wednesday’s sharp drop. The major indices traded higher for most of the day, before a late sell-off… Read more

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Who’s Regulating the Regulators?

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I’ve spent most of this week railing about Congress’ inability to realistically deal with 2011… Read more

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Debt Ceiling Chicken

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The game of “debt ceiling chicken” continues as Congress delayed a vote on Speaker Boehner’s latest plan until tomorrow. Apparently, the GOP… Read more

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Why Bonds are Rallying

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Another day, and still no agreement on a 2011 budget in Congress. Surprisingly though, the stock market is not really being affected… Read more

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Why JP Morgan Always Beats (JPM)

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JP Morgan (NYSE:JPM) turned in a very solid second quarter earnings report this morning. Revenue was $2 billion better than expected, at… Read more

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