The new normal in mkts

In Economy on 09/09/2011 at 7:10 am

Investors want governments to spend, spend to avoid a double dip recession.

Up to August, they were worried that governments were profigate. They are still afraid of excessive debt longer term, but they are terrified of a recession in the shorter term.

And we rely on markets to help allocate capital efficiently? Sigh

Markets are fickle and neurotic.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 274 other followers

%d bloggers like this: