ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
U.S. Economy Tipping into Recession | ECRI So it comes as no surprise to us that, with the latest expansion only a couple of years old, we’re already facing a new recession. Actually, such short expansions are hardly unheard of. From 1799 to 1929, nearly 90% of U.S. expansions lasted three years or less, as … Read more
The Economic Cycle Research Institute (ECRI) released a report on September 30, 2011 with the ominous title: “U.S. Economy Tipping into Recession.” The ECRI provides its full report only to its professional clients (I would love to get my hands on it!). However, the synopsis was pretty informative. The most surprising thing I learned is … Read more
I decided to take the plunge and read “How the Great Recession Was Brought to an End” by economists Alan Binder (Gordon S. Rentschler Memorial Professor of Economics, Princeton University) and Mark Zandi (Chief Economist, Moody’s Analytics). Binder and Zandi conclude that the various stimulus programs and creative use of montary policy over the last … Read more
Five months ago, I flagged $45M in combined stock sales by the Toll brothers in their company’s stock. Since then, Toll Brothers (TOL) has been on a roller coaster ride: the stock was first up 15% from the time of my last post, then a two-month and 26% decline, and now a two-month 40% run. … Read more