It’s refreshing to come across the sucker’s rally concept again. It has been a long time now. It’s slipped so far from all the headlines of late it seemed like we were the only people who still recalled that it’s what we’re seeing taking place.
The talented person with the sucker’s rally insight? No less than Rick Rule, founder and chairman of Global Resource Investments and regular Agora Financial Investment Symposium speaker, who recently shared his current thoughts on the economy.
[Read more...]
Barry Ritholtz: We’re in Economic Purgatory
Barry Ritholtz, editor of The Big Picture blog and two-time Agora Financial Investment Symposium speaker, describes to Forbes how the failed recovery is like economic purgatory… and is at least devoid of new hiring among other problems. With interest rates essentially at zero the Federal Reserve has “painted themselves into a corner” and are well on the way to “making cash trash.”
[Read more...]Click for detailed story