Volitility is decreasing but there's still way too much underwater time.
The economy sucks.
IMHO, this is the most carefully constructed house of cards the world has ever seen. And it will suffer the same fate as all house of cards.
Posted on 05/16/2013 8:16:25 AM PDT by whitedog57
The Philadelphia Fed Business Outlook Survey declined to -5.20, according to their latest report.
The current activity index has shown no pattern of sustained growth over the past seven months, generally alternating between positive and negative readings (see Chart). The number of firms reporting decreased activity this month (29 percent) edged out those reporting increased activity (24 percent).
So, Philly’s Steak isn’t sizzling. Rather, it’s getting cold.
Sovereign yields around the globe continue to decline between a rush to safety and Central Bank easing.
And there is nothing more vile than a cold Philly Steak sandwich with coagulated cheese sauce.
Volitility is decreasing but there's still way too much underwater time.
The economy sucks.
IMHO, this is the most carefully constructed house of cards the world has ever seen. And it will suffer the same fate as all house of cards.
How is it that you are ripping off Bloomberg’s charts yet listing yourself as the author?
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