Archive - Jul 26, 2009

Nothing new here for regular readers but I thought the two histograms at the bottom of this graphic nicely contextualize earnings surprises within the broader macro picture.

Zero Hedge, in collaboration with David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates, Inc., is pleased to release the attached analysis "The End Of The End Of The Recession"

The blind leading the blind.

One for Wall Street, One for us. Two for Wall Street, Zero for us... Wait, what?

Treasury has a load of paper for sale in August. The market is not set up for the big supply. Could we have another test of the 4% 10 year?

Market forecast from John Bougearel of Structural Logic

• Must read: Fast-on-the-draw trades need spot of marshalling (FT, h/t Joe)
• Roubini Op-Ed on Bernanke: The Great Preventer (NYT)
• Lennar signals fleeting buildling rally as buyers flee (Bloomberg)
• JP Morgan to raise banker salaries (FT)
• The man spreading false rumors about Harman and Textron takeovers (that fooled fast-money's Najarian) found dead in suicide (Bloomberg)
• Chinese steel executive beaten to death,  (FT)

Monday the Obama administration and China begin talks- namely on currency tensions, the US budget deficit and the massively huge trade gap with China.

China, in addition to the hundreds of billions of low-cost, high-labor manufactured goods they’ve come to be known for; are importing 150 Chinese economic officials, in one of the largest visits ever to the United States.

The Treasury Secretary comes to his senses and realizes that when it comes to basic government oversight and industry accountability, if less is more, then none is most.