Free Markets Work

Continuing the theme of my recent posts. This from Troy Schwensen at The Global Speculator:

Australia’s Prime Minister, Kevin Rudd, has recently delivered an address to the nation providing details on his second stimulus package. Within this briefing, there was a number of sniping remarks about the so called “failure of free markets”. This . . . → Read More: Free Markets Work

Surprise, Surprise, Surprise: Roubini, Jobs, Banks, and More

The immortal words of Gomer Pyle rang out in financial headline after headline this week, “Surprise, Surprise, Surprise!”

First the banking sector became awash in surprisingly good news. Four of the US top banks smashed all earnings estimates and posted collective net profits of $13.6B for the second quarter.

Bank of America (BAC) posted . . . → Read More: Surprise, Surprise, Surprise: Roubini, Jobs, Banks, and More