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Home  l  Broadcast  l  WrapUp  l  Storm Watch  l  Perspectives  l  Sitemap  l  About Us The Barbarian at The Gate 'Barbarous Relic' Sounds Death-Knell for Keynesiansby Alex Wallenwein, Editor & PublisherThe Euro vs Dollar Currency War MonitorDecember 22, 2003 The following Reuters news item is outstanding in itself. Probably one of the best examples of financial news reporting I have seen so far. The reporter, Daniel Bases, is not afraid to say the unspeakable: that what normally counts as the accepted perspective of economic analysis - Keynesian analysis - is at a complete loss to explain the current phenomenon...

Unedited. The stock market demonstrated dynamics of a vulnerable speculative Bubble this week. Volatility was extraordinary, especially in the more speculative areas of the marketplace. For the week, the Dow gained 2% and the S&P500 added 1%. The Transports jumped 2.5%, increasing y-t-d gains to 29%. The Utilities were about unchanged. The Morgan Stanley Cyclical index added 2.5% (up 43% y-t-d) and the Morgan Stanley Consumer index increased 1%. The leading S&P groups were Steel, Movies & Entertainment, and Automobile Manufacturers. The broader market was exceptionally volatile, but ended the week with decent gains. For the week, the small...