Wednesday, July 27, 2011

Fear of fear itself

Ahhhh! What was that? Was that a bubble? I thought I heard a bubble! Did you hear a bubble?

Fears of second-half slowdown spook corporate America...

"... Corporate America's hopes for a second-half pickup in the U.S. economy dimmed on Wednesday, as companies from Emerson Electric Co (EMR.N) to Corning Inc (GLW.N) warned of weakening demand for everything from industrial equipment to televisions..."

We're done for! We're done for!

2 comments:

g.b.a. said...

Matt Taibbi: Is the SEC Covering Up Wall Street Crimes?

"... A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals..."

http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

g.b.a. said...

Mr. Markets won't like this...
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'Merkel defies pressure on debt crisis'

"The markets want to force us into doing certain things - and that we won't do," says Angela Merkel in an interview to be aired tonight. "Eurobonds are not the answer" to solving the current crisis ... "This is a hard and arduous path, which we will not be able to avoid by means of some magic bullet."

http://seekingalpha.com/mafne.html?source=market_currents&anew_id=88097&url=http%3A//www.ft.com/intl/cms/s/0/1f8fa74e-cbf8-11e0-9176-00144feabdc0.html%23axzz1VftNrXOI