Every Breath You Take
- A great YouTube vid about Ben Bernanke, to Every Breath You Take as done by Columbia Business School students. 5 stars!
- Hat tip on the vid from Monty's Bluff
- Ben Bernanke and those Fed Freakies came down from their Freakies tree on thursday, signaling that they may be taking a pause in their rate hikes caused a big rally thursday. Here are some columns and blogs from around the web on that (and other stuff)...
- Bernanke's Timely Balm from Business Week. The rate hike was widely expected, but investors were applauding the Fed statement that accompanied the move. Despite tough inflation-fighting speeches over the last month by Bernanke and other Fed members, the central bank's written comment emphasized that economic growth is “moderating” and the public's inflation expectations “remain contained.” Is this any different from what Bernanke said a couple weeks ago when the market rallied? I know the other Freaks were out there talking about inflation, but Bernanke seemed to be talking about it being contained.
- Down under in Australia, Terry McCrann thinks investors have it all wrong in Wall St doing a sideways shuffle. Try it. Interesting view. In my view, the Wall St enthusiasm was seriously misplaced. It was based on a serious misunderstanding of the dynamics of interest rates in the US -- which was reflected down here in most of the local commentary. So where does Terry think the US market is headed? Bottom line then. Don't be fooled by big jumps in the US market. Wall St is going sideways (at best) into 2007.
- (You know, reading around it seems like most folks aren't convinced the correction or bear market is over. Lets check the blogs...)
- More talk about an inverted yield curve by Barry at The Big Picture. Will there or won't there be a recession?
- Calculated Risk does a mid-year review on his 2006 Predictions.
- Weekend links from Adam's Daily Options Report.
- Parse parse parse from dismally.com on the FOMC meeting.
- Mark Hulbert says a correction must come after thursday's "knee jerk" reaction rally.
- Northwestern football coach Randy Walker died at 52.
- Over at the NY Daily News, columnist Stanley Crouch thinks that Warren Buffett and Bill Gates giving away most of their billions is wonderful and all, but doesn't seem too happy about where the money is going and that other rich folks aren't giving more. Thanks a billion – but who’ll rescue New Orleans? I began to think about the recent surprising news of how Warren Buffett and Bill Gates have founded what amounts to a Billionaire Boys Club for philanthropy. Crouch does seem happy that Buffett, Gates and Oprah are being generious, but he does seem to have quite an appetite for other people's money. It is their money. I think it's great when folks donate and help. It speaks a ton about their character. But each individual is free in this country to spend their money however they want to.