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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, June 28, 2011

Rosenberg Daily Soundbites

  • Equity markets are mostly up across the board in Asia; the ‘buy the dips’ mentality grew stronger during this corrective phase; bonds have found a tentative bid again after yesterday’s sharp selloff
  • The U.S. consumer spending report for May came out yesterday — the big falloff has been in big-ticket durable goods
  • The market’s lack of understanding of the depth and breadth of the problem is beyond comprehension

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