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Market Misperceptions
By , Business Insider, 03/31/2011

MarketMinder's View: Given the time that’s passed since the recession’s end and the fact US real GDP is at an all-time high, a double dip is literally impossible now—any new downturn would be considered a new recession. Oh, and none of the factors highlighted here (consumer confidence, employment, etc.) are leading economic indicators—so they aren’t at all telling about future economic conditions.

Market Misperceptions
By , The Deal, 03/31/2011

MarketMinder's View: We agree there’s a role for sensible rules. But assuming we can foresee every possibility and regulate around it places too much confidence in humans’ ability to react rationally in the face of the next potential bubble.

Market Misperceptions
By , The Washington Post, 03/31/2011

MarketMinder's View: The US government’s shut down before with few deleterious effects on markets. And consider: Belgium’s been without a government for 290 days—and there’s been no Belgian economic crash.

Market Misperceptions
By , The New York Times, 03/31/2011

MarketMinder's View: This article is long on opinion but extremely short on facts. One thing seems clear: That banks are being allowed to pay dividends again is positive and speaks to improved bank health. For more, see our 03/08/2011 research column, “Sector Flash: Financials—US Bank Health Continues Improving.

Sensible Stories
By , The Motley Fool, 03/31/2011

MarketMinder's View: “Another (better) way to look at this is realizing how much economies can prosper in the face of constant misery.” Exactly—despite the title, this is a sensible look at reality. And the reality is there are crises every year, but markets and economies go on. For more, see our 03/17/2011 cover story, “Black Swans or Gray Pigeons?” 

Sensible Stories
By , Chicago Sun-Times, 03/31/2011

MarketMinder's View: Though there may still be bumps along the way, unemployment numbers have been quietly and consistently improving—as expected in the wake of a strong economic recovery.

Sensible Stories
By , Bloomberg, 03/31/2011

MarketMinder's View: “Business activity in the US expanded at a faster pace than forecast in March, signaling manufacturing remains a driver of growth in the world’s largest economy.”

Sensible Stories
By , The Wall Street Journal, 03/31/2011

MarketMinder's View: This paints the protectionism picture nicely—Creating barriers to entry raises costs which are ultimately passed on to consumers, ultimately lowering living standards. For more, see our 06/16/2010 cover story, “Make Trade, Not Taxes.

Sensible Stories
By , The New York Times, 03/31/2011

MarketMinder's View: Economies—like markets—can move quite choppily. While countries like Portugal are currently facing headwinds, other areas of the eurozone are growing just fine.

Market Misperceptions
By , Reuters, 03/30/2011

MarketMinder's View: Ignore the ominous headline. As the article points out, “top world oil exporter Saudi Arabia and other Gulf countries have boosted output in March, helping to make up for supply lost due to violence in Libya.” For the latest on the MENA countries see today’s cover story, “A MENA Update.”

Market Misperceptions
By , Associated Press , 03/30/2011

MarketMinder's View: There are many incorrect conclusions in this article. But chief among them is that emerging markets making up a larger portion of the global economy is a bad thing. The burgeoning middle class in developing nations’ desires for goods and services can be a boon for developed nations too.

Market Misperceptions
By , Fox Business , 03/30/2011

MarketMinder's View: Sentiment indexes are typically backward-looking and foretell little about future market conditions. Ignore.

Market Misperceptions
By , The Christian Science Monitor, 03/30/2011

MarketMinder's View: The US economy is no longer recovering, it’s now expanding. And while inflation may be an issue down the road, it’s not problematic at current, still very low levels. For more, see our 01/18/2011 cover story, “Eyeing the Exit.” 

Market Misperceptions
By , The Christian Science Monitor, 03/30/2011

MarketMinder's View: Historically, taxing capital gains and dividends has led to less revenue for the federal government—not to mention diminished investments in companies, curbing potential growth. This idea likely won’t yield the outcome intended.

Market Misperceptions
By , Associated Press, 03/30/2011

MarketMinder's View: Here’s another unintended consequence of Dodd-Frank: A hefty $1 billion price tag to implement the bill enacted last summer.

Sensible Stories
By , Bond Buyer, 03/30/2011

MarketMinder's View: A widespread muni bond default fiasco is likely more perception than reality—there’s strong investor demand for high quality municipal bonds. For more, see our 03/04/2011 cover story, “Muni Meltdown Myths.”

Sensible Stories
By , Reuters , 03/30/2011

MarketMinder's View: US unemployment is slowly improving, lagging the economy per usual, and shouldn’t hinder growth moving forward. For more, see our 03/03/2011 cover story, “Help Wanted?

Sensible Stories
By , The Wall Street Journal, 03/30/2011

MarketMinder's View: South Korean GDP hit an eight-year peak in 2010 and is expected to continue expanding, albeit slower, in 2011. It’s important for global investors to not just focus on problem spots (PIIGS, MENA, etc.) at the expense of missing the positives.

Sensible Stories
By , The Wall Street Journal, 03/30/2011

MarketMinder's View: Who suffers when politicians let free trade agreements expire? Everyone. Sending flowers this Easter, Passover, or Mother’s Day might cost more than last year.

Sensible Stories
By , The New York Times, 03/30/2011

MarketMinder's View: Continued strong growth in mergers and acquisitions is a positive for global stocks as share supply decreases, but investors should still expect continued choppy water for stocks overall in 2011.

Market Misperceptions
By , ZeroHedge, 03/29/2011

MarketMinder's View: The housing market alone does not make an economy. The economy is, in fact, beyond recovery and well into expansion. However, it would be a mistake to expect every aspect of the economy to return to previous highs simultaneously. Some sectors, like housing, may continue to languish, but others appear poised to propel the economy.

Market Misperceptions
By , MarketWatch, 03/29/2011

MarketMinder's View:  Consumer confidence is a backward-looking indicator and says nothing about future market conditions. Ignore.

Market Misperceptions
By , The Christian Science Monitor, 03/29/2011

MarketMinder's View:  We agree stock market results are primarily driven by two factors—but not earnings growth and inflation. It’s equity supply and demand—which, in turn, are influenced by myriad other drivers (political, sentiment, and fundamental in nature). If you think earnings growth and inflation can forecast stock prices a decade in advance, you’re barking up the wrong tree.

Market Misperceptions
By , The Australian, 03/29/2011

MarketMinder's View: There are clearly sensible aspects to this piece, such as noting the majority of mutual funds don’t beat their benchmark. But in discussing passive investing, the article makes it seem far too easy. The fact is, most so-called passive investors aren’t truly passive, and behavioral errors—which can dramatically impact long-term performance—aren’t even mentioned.

Sensible Stories
By , The Wall Street Journal, 03/29/2011

MarketMinder's View:  “Historical data tells us that most oil-price changes are not correlated with future changes in real output growth. For example, oil prices rose steadily throughout the mid-2000s while growth remained strong.” Agreed. For more, see our 02/24/2011 cover story, “Oil’s Ominous Overhang?” 

Sensible Stories
By , The Wall Street Journal, 03/29/2011

MarketMinder's View: A sensible look at the corporate bond market. In 2009 and 2010, corporate bonds had solidly above-average total returns as wide credit spreads contracted during the initial phase of the equity bull market and economic recovery. Now, with spreads having tightened, corporate bond investors need to readjust their expectations to more modest total returns.

Sensible Stories
By , Carpe Diem, 03/29/2011

MarketMinder's View: “The rising tax revenues at the state and local levels to all-time record highs might suggest that the many states with budget deficits have a spending problem, not a revenue problem.”

Sensible Stories
By , The Economist, 03/29/2011

MarketMinder's View: Inflation, as the author points out, is still largely benign. Inflation in the US likely becomes more of a concern down the road—just not in 2011. Worry over the recent uptick is rather premature.

Market Misperceptions
By , Seeking Alpha, 03/28/2011

MarketMinder's View: It’s increasingly en vogue to claim that any event (disaster, protest, etc.) is a Black Swan. But, in reality, those who know history, how capital markets deal with such events, or even the definition of a Black Swan would consider recent events anything but. For more, see our 03/17/2011 cover story, “Black Swans or Gray Pigeons?”

Market Misperceptions
By , The Christian Science Monitor, 03/28/2011

MarketMinder's View: It’s true Portugal has its problems and may require a bailout. But that’s not likely to be terribly surprising to markets considering it’s been talked about for weeks (if not months). And before drawing conclusions as to who’s next, note that Spanish yields have fallen while Portugal’s have been rising lately. For more, see our 03/24/2011 cover story, “Portugal’s Socratic Method.”

Market Misperceptions
By , Zero Hedge, 03/28/2011

MarketMinder's View:  This is merely one of many theories folks have as to why the consumer price index understates inflation. But does it really? Maybe. For more, see our 03/28/2011 column, “A Primer on the CPI.”

Market Misperceptions
By , The New York Times, 03/28/2011

MarketMinder's View: Five companies do not make a speculative bubble. And in fact, the text below the introductory graphic says it clearly: “At the height of the dot-com boom, in 1999, 308 companies went public.” And by definition, a bubble expands because it isn’t widely known to be a bubble. So the fact this story exists today actually illustrates the lack of a new tech bubble.

Market Misperceptions
By , Bloomberg, 03/28/2011

MarketMinder's View: While we agree companies are spending on productivity enhancements, recent jobs figures have shown it isn’t necessarily an either/or decision for businesses. The employment situation in the US is doing what it normally does—lagging far behind the economy.

Sensible Stories
By , The Wall Street Journal, 03/28/2011

MarketMinder's View: Improving US bank profitability has been a key contributor to improving bank health. For an in-depth look, see our 03/08/2011 research analysis, “Sector Flash: Financials—US Bank Health Continues Improving.”

Sensible Stories
By , Time, 03/28/2011

MarketMinder's View: In recent weeks, it seems European (not just German) politicians have been playing political games as often as they’ve been trying to actually resolve extant problems within the eurozone’s structure. European leaders would do well to dispense with posturing and clearly lay out the details of their post-2013 plans.

Sensible Stories
By , Bloomberg, 03/28/2011

MarketMinder's View: Corporations are putting their cash to work, and some are increasingly doing so through actions seeking to add value for shareowners: M&A, dividends, and stock buybacks have all risen lately. Cash-rich corporations reducing share supply and rewarding stockholders are signs the bull market likely has some distance to run.

Sensible Stories
By , The Wall Street Journal, 03/28/2011

MarketMinder's View: US consumer spending rose +0.7% in February—accelerating month over month from January and exceeding analysts’ estimates.

Market Misperceptions
By , The New York Times, 03/25/2011

MarketMinder's View:  First, government spending cuts and austerity measures are not necessarily the same. Second, the US government’s fiscal situation is far different—and far healthier—from that of the PIIGS. We still have choice in where we want to cut spending and don’t need to do so to secure some sort of “bailout” to keep our country running.  

Market Misperceptions
By , Reuters, 03/25/2011

MarketMinder's View: Look at what people do, not what they say. Consumption behavior has held pretty steadily through the recession and into the subsequent recovery, with no prolonged precipitous drops on record.

Market Misperceptions
By , Reuters, 03/25/2011

MarketMinder's View: Housing isn’t the primary force behind US economic cycles—look no further than the fact we’re two years past recession’s end even though housing remains relatively weak. Ignore.

Market Misperceptions
By , CNN Money, 03/25/2011

MarketMinder's View: Raising taxes won’t necessarily increase tax revenues because it introduces perverse incentives (e.g., decreasing income to avoid paying more income tax), but you know what does? A growing economy and healthy business activity—which we currently see today. Additionally, the public debt isn’t as worrisome as this article makes out, considering current debt servicing costs are still historically low.

Sensible Stories
By , Carpe Diem, 03/25/2011

MarketMinder's View: US corporate profits continue to come in strong. For more, see our 11/08/2010 cover story, “Geared for Growth.

Sensible Stories
By , The Wall Street Journal., 03/25/2011

MarketMinder's View: Here’s a good breakdown of how folks should think about their time horizons (but ignore the bit about bonds—history shows that over time, stocks outperform bonds).

Sensible Stories
By , The Wall Street Journal, 03/25/2011

MarketMinder's View: Not too long ago, folks feared buying “toxic” assets posed a huge risk to the Fed’s balance sheet. Now? “By holding an auction, the Fed runs the risk of selling the portfolio to a bank that could then flip it for a profit to other investors, leaving the central bank open to criticism that it left money on the table.” For more see our 03/22/2011 cover story, “Who Loves Toxic Waste?

Sensible Stories
By , Bloomberg, 03/25/2011

MarketMinder's View: Further proof the US economy is doing fine despite fears to the contrary. For more, see our 01/31/2011 cover story, “Recovery Ends. Expansion Begins.

Market Misperceptions
By , Bloomberg, 03/24/2011

MarketMinder's View: The article is fine; rather, it’s S&P’s assumptions that are bizarre. They assumed a 20% GDP decline in multiple eurozone nations. Here’s an equally probable scenario: If the Mayans are right and the world ends in 2012, Europe’s banks won’t need any additional capital.

Market Misperceptions
By , The Christian Science Monitor, 03/24/2011

MarketMinder's View: The conclusion here is based on the assumption the economy can’t grow without government spending and a housing rebound. But the economy’s already returned to growth, and there’s no historical evidence housing must lead the way. For more, see our 09/28/2010 column, “Don’t Wait on Housing.

Market Misperceptions
By , BBC, 03/24/2011

MarketMinder's View: China’s growth has certainly been impressive. But with an authoritarian government and a semi-command economy, China must address various inefficiencies to continue that growth long term. For more, see our 03/03/2011 research column, “A Q&A on China’s (Semi-) Command Economy.

Market Misperceptions
By , Time, 03/24/2011

MarketMinder's View: Politics are likely playing a role in the unfolding Portuguese debt situation, but to extrapolate from there to similar outcomes in the US and the UK is quite a stretch.

Sensible Stories
By , The New York Times, 03/24/2011

MarketMinder's View: Portuguese political and fiscal machinations heighten uncertainty—which doesn’t help lower Portugal’s borrowing costs.But stability in other European states argues against a wider contagion. For more, see today’s cover story, “Portugal’s Socratic Method.

Sensible Stories
By , CNN Money, 03/24/2011

MarketMinder's View: There are many reasons muni defaults are unlikely to be the problem widely feared—this piece highlights a couple. For more, see our 03/04/2011 cover story, “Muni Meltdown Myths.

Sensible Stories
By , The Wall Street Journal, 03/24/2011

MarketMinder's View: This is a very cogent piece on the current European debate over Ireland’s corporate tax rates. We’d especially highlight one point: “If political leaders believe that lower tax rates are the key to success in the competitive world of FDI, nothing is stopping them from lowering their own corporate tax rates.” Exactly.

Sensible Stories
By , Financial Times, 03/24/2011

MarketMinder's View: As we’ve said, recent disasters in Japan have a tremendous human toll but are unlikely to derail continued global economic expansion. For more, see our 03/15/2011 cover story, “Japan’s Impact.

Sensible Stories
By , Pittsburgh Tribune-Review, 03/24/2011

MarketMinder's View: Free trade benefits all participants—whether they’re in different states or different countries.

Market Misperceptions
By , Reuters, 03/23/2011

MarketMinder's View: Unsurprisingly, Mr. Chavez remains a vocal critic of capitalism. But if a more direct path to freedom and prosperity exists, we certainly don’t know what it is.   

Market Misperceptions
By , USA Today, 03/23/2011

MarketMinder's View: The extent of the tragic events in Japan may not be fully evaluated for some time. But history has proven economies and capital markets are resilient—and Japan may not be any different. For more, see our 03/15/2011 cover story, “Japan’s Impact.

Market Misperceptions
By , The Street, 03/23/2011

MarketMinder's View: The US housing market continues to be weak, but a turnaround in this area isn’t an essential component for continued economic growth—just look at the last two years. For more, see our 01/20/2011 cover story, “Ho Hum Housing.

Market Misperceptions
By , Gallup, 03/23/2011

MarketMinder's View: Confidence surveys are historically unreliable and portend little about the future direction of the economy and stock markets. Please ignore.

Market Misperceptions
By , The Christian Science Monitor, 03/23/2011

MarketMinder's View: This piece is a smorgasbord of misconceptions and inaccurate conclusions. Though some parts of the economy may currently lag (e.g., employment), overall economic data point to broad-based expansion—look no further than Q4 2010 US GDP hitting all-time highs.

Sensible Stories
By , The Financial Times, 03/23/2011

MarketMinder's View: It wouldn’t be surprising to see the bull market take a “breather” in 2011 before continuing another up-leg. For more, see our 02/07/2011 cover story, “2011: A Sentiment Tug-of-War.

Sensible Stories
By , The Wall Street Journal , 03/23/2011

MarketMinder's View: It turns out banks aren’t the only ones interested in rectifying some of the many unintended consequences of the hastily passed Dodd-Frank legislation.

Sensible Stories
By , Fox Business, 03/23/2011

MarketMinder's View: “Industrial new orders in the euro zone saw a 0.1% monthly rise in January and were up 20.9% compared to the same month last year.” A positive sign for the eurozone.

Sensible Stories
By , The Hill, 03/23/2011

MarketMinder's View: The Fed made a record $81.7 billion profit in 2010, with a significant portion coming from much-criticized investments in mortgage-backed securities. Looks like many of those assets weren’t so toxic after all. For more, see our 03/22/2011 cover story, “Who Loves Toxic Waste?

Sensible Stories
By , The New York Times, 03/23/2011

MarketMinder's View: 

Here are some refreshing thoughts from the French economy minister on how to treat banks. Stop bashing and ensure they can return “to their core role of financing growth.”

Sensible Stories
By , The Wall Street Journal, 03/23/2011

MarketMinder's View: Undoubtedly questions still remain about long-term economic overhauls in the eurozone. For more, see our 03/18/2011 cover story, “EFSF Still TBD.”

Market Misperceptions
By , Associated Press, 03/22/2011

MarketMinders’s View: Political infighting is complicating matters in Portugal. But a bailout fund exists (should it be needed) to help the country avoid total financial disaster. For more, see our 03/11/2011 cover story, “What Portugal Portends.

Market Misperceptions
By , Portfolio.com, 03/22/2011

MarketMinders’s View: Though we have an increasingly global economy, there’s no one-size-fits-all prescription for regulation. Economies are different, and regulation needs to be appropriate.

Market Misperceptions
By , The Economist, 03/22/2011

MarketMinders’s View: Just because some problems haven’t yet been resolved doesn’t mean markets can’t rise. Markets are forecasters of future economic conditions. Recent market rises likely signal positive fundamentals across the world will outweigh the negatives we see today.

Market Misperceptions
By , The Australian, 03/22/2011

MarketMinders’s View:  History shows many viable economies with large debt-to-GDP ratios (notably the US and UK). While Japan’s recovery efforts may initially be sustained by government spending, there’s nothing to say private investments won’t quickly supplant it as entrepreneurs see opportunities to help rebuild amid the destruction.

Sensible Stories
By , The New Yorker, 03/22/2011

MarketMinders’s View: An informative piece on creative destruction following natural disasters and potential economic recovery in Japan.

Sensible Stories
By , The Telegraph , 03/22/2011

MarketMinders’s View: “Warren Buffett, the influential billionaire investor, has said that the earthquake and tsunami in Japan may have created a ‘buying opportunity.’” Though tragic at the time, disasters can create abundant opportunities.

Sensible Stories
By , Fox Business, 03/22/2011

MarketMinders’s View: The BOJ continues to boost yen liquidity to steady markets. Positively, Japan is showing slow signs of recovery.

Sensible Stories
By , EU Business, 03/22/2011

MarketMinders’s View: The EU continues to make progress in finalizing a permanent bailout fund. However, eurozone leaders still need to agree on the deal this week, and many details have yet to be hammered out. For more, see our 03/18/2011 cover story, “EFSF Still TBD.”

Market Misperceptions
By , The New York Times, 03/21/2011

MarketMinder's View: There are always uncertainties in global markets, and there are frequently sources of friction that may slow reaction to disruptions like the Japanese earthquake and tsunami. But we’ve yet to see an instance of such temporary difficulties driving global recession, and this isn’t likely to be the first.

Market Misperceptions
By , The Wall Street Journal, 03/21/2011

MarketMinder's View: This article vastly overstates the power of the Fed to control commodity prices and vastly understates the importance of the ongoing global economic recovery and other factors. For more, see our 2/18/2011 cover story, “Fearing Foodflation.”

Market Misperceptions
By , The Christian Science Monitor, 03/21/2011

MarketMinder's View: The US economy is “flirting with another dip?” Really? This ignores myriad data pointing to expansion.

Sensible Stories
By , The Sydney Morning Herald, 03/21/2011

MarketMinder's View: This hits the nail on the head—markets have proven resilient in the face of much headline-grabbing turmoil. Temporary shocks to markets, while potentially emotionally troubling, needn’t derail global growth. For more, see our 03/17/2011 cover story, “Black Swans or Gray Pigeons?”

Sensible Stories
By , The Wall Street Journal, 03/21/2011

MarketMinder's View: “The WTO has given Washington a mandate to rethink a petty bit of protectionism that has undermined US global trade leadership.” Indeed—freer trade creates more winners both domestically and globally.

Sensible Stories
By , International Business Times, 03/21/2011

MarketMinder's View: An increasingly globalized economy will likely help Japan recover faster,with countries like Australia, Indonesia, and Malaysia helping to fill gaps in damaged areas of Japan’s economy.

Sensible Stories
By , The Telegraph, 03/21/2011

MarketMinder's View: The government is divesting itself of assets widely thought “toxic” and is likely to turn a profit in the process—a much better turnout than many originally expected.

Market Misperceptions
By , The Christian Science Monitor, 03/18/2011

MarketMinder’s View:  Considering only the income an investment produces is far from sufficient. The strategies espoused here can and do lose money. They might not be tax efficient. And they may carry a high opportunity cost relative to other long-term investments, like stocks.

Market Misperceptions
By , The New York Times, 03/18/2011

MarketMinder’s View: It’s impossible to regulate away all risk—and it’s foolish to try.

Market Misperceptions
03/18/2011

MarketMinder’s View: We’re all for the US inking free trade agreements—but not for these pessimistic reasons.

Market Misperceptions
By , Bloomberg, 03/18/2011

MarketMinder’s View: Consumer comfort (aka sentiment) fluctuates quite a bit and tells us nothing about the future direction of stocks or the economy—it’s backward looking. Ignore.

Sensible Stories
By , Bloomberg, 03/18/2011

MarketMinder’s View: The headline says it all: Simply, Japan is just a relatively small slice of global GDP, and the Japanese economy isn’t coming to a screeching halt. A slight slowdown in Japan likely won’t significantly impede continued global economic growth. For more, see our 03/15/2011 cover story, “Japan’s Impact.”

Sensible Stories
By , BBC News, 03/18/2011

MarketMinder’s View: Governments globally are showing solidarity in stabilizing currency markets following Japan’s disaster.

Sensible Stories
By , Bankstocks.com, 03/18/2011

MarketMinder’s View: “Banks are scrambling to replace billions of dollars in revenue expected to be lost from new federal regulations on overdraft charges and debit cards.” Even well-intentioned legislation can produce negative, unintended consequences—one reason why we believe governments shouldn’t meddle in free markets.

Sensible Stories
By , The Economist, 03/18/2011

MarketMinder’s View: Eurozone leaders agreed “on the main elements of a deal to salve Europe’s sovereign debt crisis…A deal may have arrived early, but it was lightweight, too.” This is something to keep an eye on. For more, see today’s cover story, “EFSF Still TBD.”

Sensible Stories
By , Bloomberg, 03/18/2011

MarketMinder’s View: This latest step shows Chinese officials are monitoring the country’s economy closely and tapping, not stomping, on the economic brakes.

Sensible Stories
By , Bloomberg, 03/18/2011

MarketMinder’s View: Another positive for the growing US economy.

Market Misperceptions
By , Bloomberg, 03/17/2011

MarketMinder's View: We have yet to find an instance of a natural disaster causing a global recession. While tragic, recent events in Japan are highly unlikely to have lasting global economic implications. For more, see today’s cover story, “Black Swans or Gray Pigeons?”

Market Misperceptions
By , The Wall Street Journal, 03/17/2011

MarketMinder's View: Actually, we’ve moved from recovery to growth—as indicated by a recovering jobs market and continued strength in manufacturing and other economic sectors. Suggesting the economy will only continue its current path with another bailout is overly dour and ignores current positives.

Market Misperceptions
By , The Independent, 03/17/2011

MarketMinder's View: This misses the forest for the trees—endlessly regulating the minutiae of bank operations won’t prevent another 2008-style financial crisis. Rather, allowing free markets to operate—governed by well-reasoned regulation—will ensure banks operating on other than above-board standards won’t survive the sea of competition.

Market Misperceptions
By , The Telegraph, 03/17/2011

MarketMinder's View: The nuclear troubles Japan’s currently facing (but seems to be handling) shouldn’t spell the end of nuclear power. Far from it. And foremost, the worst-case scenario—the simultaneous end of nuclear- and oil-powered energy—is implausible. History says free markets and technology will respond to the need for other energy sources.

Sensible Stories
By , The Wall Street Journal, 03/17/2011

MarketMinder's View: “The Federal Reserve Bank of Philadelphia reported Thursday that its index of general business activity for manufacturers moved up to 43.4, the best reading since January 1984, from 35.9 the month before.”

Sensible Stories
By , The Wall Street Journal, 03/17/2011

MarketMinder's View: “The Treasury currently estimates that bank programs within TARP will ultimately provide a lifetime profit of nearly $20 billion to taxpayers.” While we weren’t and aren’t big fans of bailouts, that banks are repaying borrowed funds is a positive sign—and perhaps an indicator cries of the financial sector’s death were misguided.

Sensible Stories
By , Financial Times, 03/17/2011

MarketMinder's View: While staggering in human terms, the rebuilding costs in Japan are less likely to be the economic drag many predict. For more, see our 03/15/2011 cover story, “Japan’s Impact.”

Sensible Stories
By , Bloomberg, 03/17/2011

MarketMinder's View: Spain sold a significant amount of debt at slightly lower rates than last month’s auction—positive news for Spain.

Sensible Stories
By , EUbusiness, 03/17/2011

MarketMinder's View: We’re always and everywhere fans of freer trade. This is a step in the right direction.

Market Misperceptions
By , The Wall Street Journal , 03/16/2011

MarketMinder's View: On Wednesday, Portugal successfully sold the maximum planned amount of bonds but at higher yields than a week ago, fueling renewed talks of a bailout. But even if Portugal requires a bailout (for which funds are already in place), a disorderly breakup of the EU—the worst-case scenario—remains highly improbable in 2011. For more, see our 03/11/2011 cover story, “What Portugal Portends.”

Market Misperceptions
By , EUBusiness , 03/16/2011

MarketMinder's View: Eurozone inflation ticked up in February year-over-year due to a “rise in transport or fuel costs.” The increase isn’t surprising given recently rising oil prices (which is often stripped out of inflation calculations due to its volatile nature), and proves investors need to dig a little deeper than headlines to get the whole story.

Market Misperceptions
By , The Telegraph, 03/16/2011

MarketMinder's View: There are always trouble spots in the world. And while unrest in the Middle East and the disaster in Japan are both serious situations, they aren’t likely (combined or singularly) to overcome fundamentals underlying the global bull market. For more, see our 10/27/2010 cover story, “All Is Never Well.”

Market Misperceptions
By , The Washington Post, 03/16/2011

MarketMinder's View: Unemployment makes great fodder for sensationalized headlines. But despite headlines, elevated unemployment hasn’t hurt the recovery so far and shouldn’t going forward. For more, see our 03/03/2011 cover story, “Help Wanted?”

Market Misperceptions
By , The Street, 03/16/2011

MarketMinder's View: Earthquakes along subduction zones and fault lines. Hurricanes and weather phenomena. Unrest and violence in authoritarian countries in the Middle East. Government mistakes leading to recessions. That summarizes the author’s impressive list of ultra-surprising, highly improbable “black swan” events, none of which are actually black swans.

Sensible Stories
By , Financial Times, 03/16/2011

MarketMinder's View: Japanese crews haven’t fully contained the No. 3 reactor at the Fukushima Daiichi plantyet. But the likelihood of a Chernobyl-like disaster still remains low, and the likely long-term global economic impact of Friday’s devastating tsunami isn’t nearly as large as some fear. For more, see our 03/15/2011 cover story, “Japan’s Impact.”

Sensible Stories
By , The Motley Fool, 03/16/2011

MarketMinder's View: “Doubt and fear in the face of uncertainty is natural. But the best investors are those that not only don't get pushed into rash moves by their emotions, but profit from others' irrationality.” Valid point.

Sensible Stories
By , Real Clear Markets, 03/16/2011

MarketMinder's View: Here’s a cogent piece dismissing the many fallacies that arise in the wake of natural disasters. A must-read, in our opinion.

Sensible Stories
By , Los Angeles Times, 03/16/2011

MarketMinder's View: Federal debt limits are all about political posturing and not at all about economics. Want evidence? Congress has raised the debt limit at least 74 times since 1962. For more, see our 02/02/2011 cover story, “That Four-Letter Word.”

Sensible Stories
By , The Economist, 03/16/2011

MarketMinder's View: “The normal rule with natural disasters is that, terrible as they are in their toll of human life, the markets tend to overreact. The initial hit to economic activity is followed by a rebound in later quarters as reconstruction occurs; there is a hit to the national stock of wealth, of course, but as that is imprecisely measured, investors tend to take less notice.”  Well said.

Sensible Stories
By , The Tech (Massachusetts Institute of Technology), 03/16/2011

MarketMinder's View: A solid look at the events involving Japan’s nuclear reactor from a nuclear engineer.

Market Misperceptions
By , AlterNet, 03/15/2011

MarketMinder’s View: Though there might be a lag, expect hiring and job creation to pick up as corporations continue to flourish and demand exceeds current production capacity. Misguided government meddling in the mechanics of free markets is one surefire way to derail that.

Market Misperceptions
By , The Wall Street Journal, 03/15/2011

MarketMinder’s View: We’re not really sure how this is a logical conclusion from the Japanese earthquake. One could look at the very same facts discussed here and note Japan has not had a sovereign debt crisis—meaning the US is far from the state of debt emergency suggested here.

Market Misperceptions
By , The Associated Press, 03/15/2011

MarketMinder’s View: Consumer confidence tends to lag economic trends—which are currently strengthening. You can expect myopic commentary on dour sentiment to continue for some time.

Sensible Stories
By , Slate, 03/15/2011

MarketMinder’s View: “Everything that could go wrong did. Despite this, the reactor containers have held firm.” Japan’s tragedy will likely not have the global impact many fear. Moreover, it seems even Japan’s oldest nuclear plants’ containment systems are doing their jobs. For more, see today’s cover story, “Japan’s Impact.”

Sensible Stories
By , Bloomberg, 03/15/2011

MarketMinder’s View: Rising exports, gains in business investment, and inventory rebuilding are all bolstering US factories—despite the much ballyhooed demise of domestic manufacturing.  

Sensible Stories
By , The Wall Street Journal, 03/15/2011

MarketMinder’s View: Here’s a sensible article showing why fears the Japan catastrophe will lead to the liquidation of US debt are unfounded.

Sensible Stories
By , Associated Press, 03/15/2011

MarketMinder’s View: Ignore the downgrade. Eurozone nations saw bond yields fall following last weekend’s EU summit—a sign of increased investor confidence. This is positive, but there’s still more work to be done.

Sensible Stories
By , Associated Press, 03/15/2011

MarketMinder’s View: The Bank of Japan is moving swiftly to help stabilize markets in the wake of the earthquake and tsunami. For more, see today’s cover story, “Japan’s Impact.”

Sensible Stories
By , Chicago Sun-Times, 03/14/2011

MarketMinder's View: The past two years have failed to deliver the lackluster performance many predicted. While we don’t expect a repeat of 2009’s or 2010’s above-average returns this year, we expect the bull market to continue. For more, see our 03/10/2011 cover story, “Many Happy Returns!”

Market Misperceptions
By , Econbrowser, 03/14/2011

MarketMinder's View: While there may be a connection between gas prices and consumer confidence statistics, there’s little connection between the two and consumer’s actual spending behavior. For more, see our 02/28/2011 cover story, “A Highly Speculative Bet on the Indirect.”

Market Misperceptions
By , The Wall Street Journal, 03/14/2011

MarketMinder's View: Yes, there has been some short-term negativity. But this article vastly overstates the importance of the Fed’s QE2 and makes recent volatility seem way out of the ordinary, which, frankly, it isn’t.

Market Misperceptions
By , Gold Scents, 03/14/2011

MarketMinder's View: Secular market cycles. Technical analysis. The “flash crash” as a forward-looking market indicator. This article is long on ill-conceived opinions and short on facts. Ignore.

Market Misperceptions
By , Chicago Tribune, 03/14/2011

MarketMinder's View: Unemployment may be recovering at a slower pace, but that’s not hindering the economic recovery as a whole. There’s just nothing new or unusual about employment gains lagging economic recovery.

Sensible Stories
By , Carpe Diem, 03/14/2011

MarketMinder's View: “Against all the odds, American factories are coming back to life. Thank the rest of the world for that.”

Sensible Stories
By , The Wall Street Journal, 03/14/2011

MarketMinder's View: An agreement was reached at the end of last week by European leaders. Pay attention as the details of this plan unfold. For more, see our 03/11/2011 cover story, “What Portugal Portends.”

Sensible Stories
By , EUbusiness, 03/14/2011

MarketMinder's View: “Eurozone industrial production rose in January, according to official data released Monday which also showed a monthly increase in December instead of a previously estimated drop.” Good news for the eurozone.

Sensible Stories
By , CNNMoney, 03/14/2011

MarketMinder's View: A cash injection was announced today in efforts to support the economy and buffer the last few days’ catastrophes. For more, see today’s cover story, “It’s Not What’s Possible That Counts.”

Market Misperceptions
By , Fortune, 03/11/2011

MarketMinder's View: This is an example of extreme bearishness in the bifurcated sentiment situation we see today. We believe this year will be another in the ongoing bull market, though one with more subdued returns compared to the last couple years. For more, see our 03/10/2011 cover story, “Many Happy Returns!” 

Market Misperceptions
By , The Sydney Morning Herald, 03/11/2011

MarketMinder's View: Well, this is one theory. We think it’s more because the Chinese middle class is growing, and consumption (of both domestic and imported goods) has been rising. Frankly, the yuan’s restrained appreciation has got everything to do with Chinese government and little to do with anything else.

Market Misperceptions
By , Agence France-Presse, 03/11/2011

MarketMinder's View: Another ratings agency late to the game—Libya’s been unsettled for awhile now, so this shouldn’t be a surprise to anyone. For more, see our 12/10/2010 cover story, “Dodd-Frank Says Ditch Fitch.”

Market Misperceptions
By , Reuters, 03/11/2011

MarketMinder's View: Consumer sentiment is typically lagging or coincident to markets and the economy. Plus, it’s not uncommon to see it fluctuate month to month, week to week, and even day to day.

Market Misperceptions
By , Associated Press, 03/11/2011

MarketMinder's View: Budget deficits haven’t held back the US economy over the past decades and shouldn’t now. More importantly, our debt servicing costs are still relatively low, historically. For more, see our 02/02/2011 cover story, “That Four-Letter Word.” 

Sensible Stories
By , Bloomberg, 03/11/2011

MarketMinder's View: Here’s a good analysis discussing why higher oil prices typically aren’t to blame for economic ills.

Sensible Stories
By , MarketWatch, 03/11/2011

MarketMinder's View: “The widening is a plus…because the gain in imports is fueled by stronger domestic spending and the need to rebuild inventories—both pluses for GDP.” Exactly.

Sensible Stories
By , The Wall Street Journal, 03/11/2011

MarketMinder's View: Consumers continue to spend—at the fastest rate in four months.

Sensible Stories
By , The Wall Street Journal, 03/11/2011

MarketMinder's View: Some PIIGS continue to struggle—not unexpected—and Portugal continues with austerity measures in an attempt lower its budget deficit. For more, see today’s cover story, “What Portugal Portends.”

Market Misperceptions
By , Barron’s, 03/10/2011

MarketMinder's View: Wait, the only reason for the last two years’ bull is the Fed’s actions? What about manufacturing and services growth? Or domestic and global GDP growth? For more, see today’s cover story, “Many Happy Returns!”

Market Misperceptions
By , Time, 03/10/2011

MarketMinder's View: The assumption here is nothing else will change to ease the burden of higher oil prices. Just over a century ago, many foresaw the end of urban growth because cities couldn’t possibly support all the horses required to drive around city-dwellers. Guess they didn’t see Ford coming.

Market Misperceptions
By , Associated Press, 03/10/2011

MarketMinder's View: Well, here’s a surprise: Moody’s is again late to the party, responding to something markets were aware of and priced in months ago.

Market Misperceptions
By , MarketWatch, 03/10/2011

MarketMinder's View: An increase in imports means more dollars sent abroad to pay for those goods—and those dollars must in turn be spent or invested somewhere (often, here in the US). A better measure of economic health would be an absolute level of trade, taking into account both imports and exports,and more enlightening about the overall health of the global economy.

Sensible Stories
By , Carpe Diem, 03/10/2011

MarketMinder's View: “The good news about the January report is that imports, exports and therefore total trade are all increasing, in another positive sign that the US and world economies are expanding, recovering and growing.” Yep—we couldn’t have said it better ourselves.

Sensible Stories
By , Bloomberg, 03/10/2011

MarketMinder's View: “UK manufacturing production jumped in January by the most in 10 months, a sign the economy is resuming growth after a winter freeze dented the recovery.”

Sensible Stories
By , The Wall Street Journal, 03/10/2011

MarketMinder's View: Increasing demand from countries experiencing improving incomes and standards of living is pushing cattle futures to all-time highs—bullish!

Sensible Stories
By , Bloomberg, 03/10/2011

MarketMinder's View: The Gulf Cooperation Council is making plans to help allay political unrest in the Middle East. It remains to be seen if this kind of move (already enacted in Saudi Arabia and Qatar) has the desired long-term effect. But it does highlight critical differences between the Libyan response to unrest (bombs) and the approach elsewhere (food and cash).

Sensible Stories
By , Café Hayek, 03/10/2011

MarketMinder's View: This raises some salient questions about protectionism in practice—primarily about which industries “deserve” help and which don’t. Introducing government bureaucracy into the equation prevents consumers from voting with their dollars, thereby lessening economic choice.

Market Misperceptions
03/09/2011

MarketMinder's View: Oscillations in oil prices should be expected, especially in the near term as unrest in Libya and elsewhere continues. However, short-term price movements don’t necessarily portend a longer, problematic trend. For more, see our 02/24/2011 cover story, “Oil’s Ominous Overhang?”

Market Misperceptions
By , Associated Press, 03/09/2011

MarketMInder's View: Despite fears, contagion failed to materialize in 2010—which will likely also be the case in 2011 given the enormous financial backstop in place. The worst-case scenario, a disorderly breakup of the EU, continues to remain a remote possibility for the foreseeable future. For more, see our 01/14/2011 cover story, “Iberian-Induced Anxiety.”

Market Misperceptions
By , MoneyWatch, 03/09/2011

MarketMinder's View: The end of QE2, which we didn’t think was all that necessary in the first place, isn’t likely to impact markets much. Just think of it like March weather: In like a lion and out like a lamb.

Market Misperceptions
By , Bloomberg, 03/09/2011

MarketMinder's View: Sentiment today is either far too bullish or far too bearish. Here’s a great example of the latter.

Market Misperceptions
By , CNN Money, 03/09/2011

MarketMinder's View: We’d rather politicians “butt heads” than legislate. Political gridlock decreases legislative uncertainty—a positive for stocks. And current US federal debt levels aren’t the looming crisis many think. For more, see our 03/07/2011 cover story, “A Welcome, Yet Flawed Addition.”

Market Misperceptions
By , The New York Times, 03/09/2011

MarketMinder's View: The recovery sputtered in 2010? Hardly.US real GDP eclipsed its pre-recession peak in 2010—meaning the US recovery can’t be stunted now because it’s over. The US is in expansion. For more, see our 01/31/2010 cover story, “Recovery Ends. Expansion Begins.”

Sensible Stories
By , Daily Finance, 03/09/2011

MarketMinder's View: “Investors should be more discerning when it comes to the constant metaphors used to frame the world economy as if it were a war or zero-sum competition. While worries about China overtaking the US get plenty of ink, investors should remember that economies cooperate as much as they compete when it comes to how things work on the world stage.” Yep.

Sensible Stories
By , The Wall Street Journal, 03/09/2011

MarketMinder's View: This article is a brief but sensible look at investor sentiment at the close of the bull market’s second year. For more, see our 02/07/2011 cover story, “2011: A Sentiment Tug-of-War.”

Sensible Stories
By , The Wall Street Journal , 03/09/2011

MarketMinder's View: US wholesale inventories rose in January to the highest level since November 2008—a positive sign businesses believe US consumers will maintain spending.

Sensible Stories
By , The Washington Post, 03/09/2011

MarketMinder's View:  It appears Beltway lawmakers are finally ready to join the wave of free trade agreements sweeping the globe by approving languishing FTAs with South Korea, Colombia, and Panama. About time.

Sensible Stories
By , Fox Business , 03/09/2011

MarketMinder's View: The German economy continues to be a bright spot in the EU as German industrial production rose 1.8% in January.

Market Misperceptions
By , MarketWatch, 03/08/2011

“These days the financial news is so bleak it might as well be on the obituary pages. Scarcely a day goes by that one pundit or another doesn’t opine that the US economy is heading for a new round of inflation, recession or both — in other words, stagflation.” Ignore. US economic output is greater than ever before, unemployment (while still elevated) is down, consumer spending is up, and inflation is largely in check for now. Rising oil prices alone needn’t foretell doomsday as portrayed here.

Market Misperceptions
By , The Australian, 03/08/2011

We’ve often noted high US unemployment won’t prevent consumers from spending. Here’s an article highlighting the reverse point: Low Aussie unemployment hasn’t been a huge tailwind to Aussie consumer spending.

Market Misperceptions
By , The Washington Post, 03/08/2011

This is backwards. Government intervention in the housing market (like tax credits) didn’t stabilize the housing market; instead, it arguably made it less stable. And this article overstates the importance of housing to US economic growth.

Market Misperceptions
By , MoneyWatch, 03/08/2011

Applying past recovery rates to long-term projections of future unemployment is at the very least misleading. Further, we wonder what conclusions readers are to draw from this flawed analysis. If it’s that full employment isn’t reached until after years of economic growth, we’re on board. If it’s that economic malaise continues until full employment is reached, count us out.

Sensible Stories
By , The New York Times, 03/08/2011

“Please, ignore gut feelings when it comes to investing. I can’t tell you how many times I have heard people use that as an excuse to do something dumb.”

Sensible Stories
By , MarketWatch, 03/08/2011

While unrest in the Middle East and North Africa may have some worried over oil supplies, an important point to recall is OPEC nations have excess production capacity to make up for any lost oil production from troubled region. For more, see our 02/23/2011 cover story, “Unrest at Oil’s Door.”

Sensible Stories
By , MSNBC.com, 03/08/2011

“Let’s get this straight: At the moment, the US has plenty of oil.  Let’s get another thing straight: The price of oil is likely to keep rising because of market psychology and buyer panic about Mideast turmoil. And there’s nothing you can do about it.” That’s a sensible comment, but we’d add that market psychology can be a fickle beast capable of turning on a dime.

Sensible Stories
By , Carpe Diem, 03/08/2011

A must-read for anyone seeking to understand the pitfalls of protectionism. For more, see our 12/17/2010 cover story, “Creativity Counts.”

Sensible Stories
By , Associated Press, 03/08/2011

Greece may have its woes, but its criticism of ratings agencies is fair. For more, see today’s cover story, “Greek Prologue.”

Market Misperceptions
By , Associated Press , 03/07/2011

Record gains are expected coming off a big bear market and hardly mean we are on the brink of a bubble. We expect returns this year to level off compared to the last couple years.

Market Misperceptions
By , EUbusiness, 03/07/2011

The next stress test criteria remain up the air. But in our view, the value in doing these is in the sentiment boost they can provide. The flipside is uncertainty leading up to the stress tests can weigh on stocks. In short, since two “passed” banks failed shortly after, we’re guessing no amount of stress testing will prevent future unexpected failures.

Market Misperceptions
By , The Telegraph , 03/07/2011

Simply put, many conditions must be satisfied before an oil crisis sparks a double-dip recession.

Market Misperceptions
By , The Street, 03/07/2011

Jobless claims have been falling for the past several weeks. There might be short-term volatility among various data, but the overall employment trend shows improvement.

Market Misperceptions
By , The New York Times, 03/07/2011

Higher oil prices always tend to bring worried headlines. But frequently, rising oil prices don’t impact stocks in the longer term. Prices prove not to be a major sore spot as of now. For more, see our 12/21/2010 cover story, “Oil Oozing Up.”

Market Misperceptions
By , Reuters , 03/07/2011

Such downgrades typically reflect what markets have already known for some time. Nothing too alarming here.

Sensible Stories
By , MoneyWatch, 03/07/2011

There are always good and bad things. Weighing the good against the bad is what’s important for investors. For more, see our 01/05/2011 cover story, “Abandoning the Absolute.”

Sensible Stories
By , Calculated Risk, 03/07/2011

Small business hiring, which traditionally lags hiring at larger firms, is trending upward—a good sign.

Sensible Stories
By , The Wall Street Journal (site may require registration), 03/07/2011

Looks like quantitative easing is here for the scheduled duration—likely ending in June. That being said, Fed officials are gaining more confidence in the stability of the US economy.

Sensible Stories
By , Forbes, 03/07/2011

China continues to tighten credit to slow inflation—though we still expect to see relatively strong economic growth there. For more, see our 01/21/2011 cover story, “Chinese Inflation Conundrum.”

Sensible Stories
By , International Business Times, 03/07/2011

Rising eurozone GDP is a positive—an increase largely due to the region’s exports.

Market Misperceptions
By , BBC News, 03/04/2011

This is like having students take an exam without telling them what constitutes a pass or fail. For these tests to hit the target of increasing confidence in the EU financial system’s health, clarity and transparency will likely be required.

Market Misperceptions
By , The New York Times, 03/04/2011

Fact: We’re not in a recovery, we’re expanding because 1) the “hole” was not as deep as many people thought at the depth of recession, and 2) growth since has been far stronger than many people appreciate.

Market Misperceptions
By , Fox Business, 03/04/2011

Paying high prices at the pump is no fun, but believing today is on par with 1973’s oil embargo days is quite a stretch—there is ample oil supply today. While few enjoy paying more for gas, folks consistently overestimate its impact on stocks and the economy.

Market Misperceptions
By , Daily Finance, 03/04/2011

Yes, these are all reasons why folks are nervous about investing in the stock market right now—but note, none of these fears are new, nor have they held back stocks (or the economy) so far. This is a good demonstration of old fears underpinning some investors’ persistently bearish views.

Sensible Stories
By , Bloomberg, 03/04/2011

More positive economic data to support continued economic growth.

Sensible Stories
By , Café Hayek, 03/04/2011

Creative destruction at work—as some businesses falter, others will spring up to fill a niche. That’s capitalism.

Sensible Stories
By , The Globe and Mail, 03/04/2011

Even though the holidays are over, consumers are still spending—good news for the economy.

By , Associated Press, 03/04/2011

Good news on the jobs front. For more, see our 03/03/2011 cover story, “Help Wanted?”

Market Misperceptions
By , The Independent, 03/03/2011

MarketMinder's View: As we’ve said, oil prices are notoriously volatile. And while they’re certainly one (of many) factors to watch, higher oil prices needn’t prevent markets from moving higher—a point proven many times historically. For more, see our 02/23/2011 cover story, “Unrest at Oil’s Door.”

Market Misperceptions
By , CNN Money, 03/03/2011

MarketMinder's View: The conclusions drawn here are based on an overly dour assessment of the US economy’s current state. The fact is, the US economy is larger than it’s ever been as measured by GDP—and evidence speaks to growth continuing. Business hiring has happened and data speaks to a recent increase—perhaps not as quickly as some hope, but there’s no magic government spending tool to fix unemployment, either.

Market Misperceptions
By , The Sydney Morning Herald, 03/03/2011

MarketMinder's View: This article is off-base in a number of ways, but one statement is accurate: “…ridding the world of hunger, poverty and disease will require fully functional, competitive capital markets.” Who’s behind those markets’ operation? The financial industry. Seems we’re better off getting out of the way and letting markets function as they should.

Market Misperceptions
By , The Motley Fool, 03/03/2011

MarketMinder's View: Yet another example of overly bullish and bearish sentiment coexisting simultaneously. We know it seemsodd, but this is a good example of prevalent bifurcated sentiment. For more, see our 02/07/2011 cover story, “2011: A Sentiment Tug of War.”

Sensible Stories
By , Bloomberg, 03/03/2011

MarketMinder's View: Unemployment’s recovery is likely a bumpy ride, but trends continue to indicate jobs may be headed in the right direction. For more, see today’s cover story, “Help Wanted?”

Sensible Stories
By , Associated Press, 03/03/2011

MarketMinder's View: American consumers are alive and well!

Sensible Stories
By , Carpe Diem, 03/03/2011

MarketMinder's View: “The ISM Non-Manufacturing Business Activity Index increased to 66.9 in February, the highest level in seven years.” And driving the advance? Broad growth across industries and sectors—good news for the US economy.

Sensible Stories
By , Financial Times, 03/03/2011

MarketMinder's View: This speaks beautifully to the effective functioning of free markets: As oil prices increase and global supplies become uncertain, innovative efforts are increasingly lucrative, resulting in the development of new energy sources and benefiting American consumers and businesses.

Sensible Stories
By , Reuters, 03/03/2011

MarketMinder's View: To continue its global competitiveness, China will increasingly need to liberalize its economy and capital markets. Freer exchange of the yuan would be a positive step.

Market Misperceptions
By , The Wall Street Journal , 03/02/2011

MarketMinder’s View: Will the euro or the yuan usurp the greenback’s status as reserve currency of choice in the next 50 years? Maybe. But long-term predictions like the ones in this article are nearly impossible to forecast accurately. In the meantime, there’s no currency that can rival the USD in terms of the depth of its markets. What’s more, the yuan is effectively pegged to the dollar! For more, see our 02/16/2011 cover story, “Dollar on the Decline?”

Market Misperceptions
03/02/2011

MarketMinder’s View: The House and Senate approved a stop-gap funding measure to keep the government operating through March 18th. Even if they hadn’t, we fail to see how a government shutdown is all that harmful. We’ve had them in the past. They’ve been politically harmful to those seen as culpable, but the impact on the economy or capital markets was nil. In fact, it may have been a small positive!

Market Misperceptions
By , Associated Press, 03/02/2011

MarketMinder’s View: Lately, the rating agencies have only been confirming what is already widely known by markets, and this is more of the same. For more, see our 4/12/10 cover story, “Extra-Special Bulletproof.”

Market Misperceptions
By , Gonzalo Lira, 03/02/2011

MarketMinder’s View: Wait, we’re confused. The author opens this piece correctly noting technical analysis is “akin to reading tea leaves—and just as batty.” But then makes conclusions based on complex index charts, arbitrary numbers, and random dates?

Market Misperceptions
By , MarketWatch, 03/02/2011

MarketMinder’s View: There’s zero evidence supporting this, and less evidence it is predictive. Please ignore.

Market Misperceptions
By , and the Next Ten Days, 03/02/2011
Sensible Stories
By , MarketWatch, 03/02/2011

MarketMinder's View: As economic growth continues, job creation will follow. And while private sector employment increasing in February is good news, investors should expect bumpy employment figures for the foreseeable future.

Sensible Stories
By , Café Hayek, 03/02/2011

MarketMinder's View: We can’t really say it better ourselves.

Sensible Stories
By , Chicago Tribune, 03/02/2011

MarketMinder's View: It says a lot about the health of the US economy when even its embattled autos are improving.

Sensible Stories
By , SME Times, 03/02/2011

MarketMinder's View: The free trade agreements sweeping the globe are poised to begin bearing fruit—a long-term positive for the nations involved.

Sensible Stories
By , International Business Times, 03/02/2011

MarketMinder's View: Eurozone manufacturing remained firmly in expansionary territory—proving manufacturing in the developed world is alive and thriving. For more, see our 02/03/2011 cover story, “More With Less.”

Market Misperceptions
By , The Globe and Mail, 03/01/2011

MarketMinder's View: We’ve said it before, and we’ll say it again: Over time, an expanding economy (such as the current one) likely begets better jobs numbers. However, companies hire based on their specific circumstances, which aren’t contingent on national GDP growth exceeding a certain level, aren’t done out of charity, and aren’t based on speculation. Companies hire when capacity limits strain the ability to meet demand—a point perhaps delayed by recent vast productivity gains (which, we might add, are a big plus for the US economy).

Market Misperceptions
By , The New York Times, 03/01/2011

MarketMinder's View: The US has lagged most of the world in fostering free trade recently—a fact attributable mostly to political posturing. We’d be well served by politicians dropping the rhetoric and approving more agreements. For more, see our 10/08/2010 cover story, “Protectionist Hot Air.”

Market Misperceptions
By , Reuters, 03/01/2011

MarketMinder's View: While it’s true Chinese banks exceeded government loan quotas the past two years, this article overstates the risk. The fact is China’s banks are essentially an arm of government, and to the extent bad loans are made (and they are), the government can simply recapitalize them—something they’ve done several times recently.

Sensible Stories
By , The Wall Street Journal , 03/01/2011

MarketMinder's View: Despite simmering tensions in Libya, additional production capacity from other OPEC member nations and US stockpiles should help mitigate anxiety about potential supply shortfalls. For more, see our 02/23/2011 cover story, “Unrest at Oil’s Door.”

Sensible Stories
By , SME Times, 03/01/2011

MarketMinder's View: Despite monetary tightening measures enacted by the central bank, India continues to grow at a torrid pace. This could necessitate additional inflation-controlling measures ahead if the economy continues to grow rapidly.

Sensible Stories
By , Bloomberg, 03/01/2011

MarketMinder's View: Increasing manufacturing activity in the US and Europe—especially in new orders, production, and payrolls—indicates robust current and future demand to support future growth. For more, see our 02/04/2011 cover story, “Melancholy Over Manufacturing?”

Sensible Stories
By , Café Hayek, 03/01/2011

MarketMinder's View: This article accurately dispels the notion that recent US export growth has been hollow—consisting mainly of raw materials and intermediate goods destined to be assembled and imported back to the US at higher prices.