September 9, 2011
Sep 09, 2011 I know, a Bernanke-Obama tag team is enough to shake anyone’s confidence. It certainly shook mine. The Dow lost more than 300 points today, which represents a drop of 2.7%. This is the negative mojo I mentioned in yesterday’s blog. Today was no shock to me. I saw both speeches yesterday. Bernanke gave little details about the “tools”...
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On a day that found little good in the news, Standard & Poors delivered the biggest blow by downgrading Italy’s sovereign debt, citing “weak economic growth” and a “fragile government.” Add to this the troubles in Greece, Spain, and Portugal – not to mention France and a frustrated Germany. Europe is in big trouble right...
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