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Notes to myself, possibly of interest to others.
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Monday, July 25, 2011

Rosenberg Daily Soundbites

  • Concerns over the breakdown of the U.S. debt-ceiling talks are spilling into the markets quite visibly; Greece’s credit rating was cut three notches by Moody’s to Ca; gold is hitting fresh all-time highs today
  • Polls keep shifting; Obama’s approval ratings are on the decline
  • Don’t let a good crisis go to waste: That was what Rahm Emanuel was fond of saying during the depth of the U.S. financial crisis in early 2009. Well, the exact same thing can be said about ‘save-the-euro’ summit in Brussels last week
  • Gold hanging in just fine

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