I did not set out to write a trilogy about Europe, but the market is telling us that nothing else matters right now.

This is a confusing time

Here is a surprise for you.  European leaders did better than your favorite pundit!

Straight from Dick Tracy’s “rogue traders” gallery: yet another trading “slip-up”, this time by JP Morgan’s Chief Investment Office too aggressively hedging their investment portfolio.

Economic growth continues at weak, below trend levels just at the time the stimulus programs are wearing off.  For some this implies that the next recession is just around the corner.