Home → Fisher Investments MarketMinder Headlines → 08-2008 Archives

Market Misperceptions
By , The Wall Street Journal, 08/29/2008
MarketMinder's View:
Consumer spending continues to grow in line with expectations—and slow or not, growth is still growth.
Market Misperceptions
By , CNBC, 08/29/2008
MarketMinder's View:
We don’t much see why Trichet is doing a better job than Bernanke. It seems to us, on the whole, developed market central banking through the Financials turmoil has largely been well-coordinated and appropriate, as well as providing us with some innovative new facilities.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Great! We doubted the demise of Doha would prevent the continuation of bi-lateral trade deals.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Good thing the US hasn’t erected trade barriers to imported kickers. Free trade brings the best from around the world to our shores—in this case a boon to teams, fans, and of course, the Aussies. Someone tell Congress.
Market Misperceptions
By , Times Online, 08/29/2008
MarketMinder's View:
Even when the US economy surprises to the upside, some folks just can’t bring themselves to be even a little upbeat. See our commentary, “What Recession?” from yesterday for more.
Sensible Stories
By , Real Clear Markets, 08/29/2008
MarketMinder's View: A level-headed discussion of the inherent problems with most tax rebates.
Sensible Stories
By , Investor's Business Daily, 08/29/2008
MarketMinder's View: The economy isn’t gangbusters, but it clearly hasn’t gone bust either.
Market Misperceptions
By , The Wall Street Journal, 08/29/2008
MarketMinder's View:
A siren should sound for attempts to argue for recession by tinkering with its definition. Ignore.
Sensible Stories
By , The Wall Street Journal, 08/29/2008
MarketMinder's View: Artificial price controls, like all free-market meddling, have unintended, negative consequences.
Market Misperceptions
By , CNNMoney.com, 08/29/2008
MarketMinder's View:
Gustav is collaborating with the stimulus package? Beware attempts to attribute daily fluctuation in oil prices. Oil prices are volatile and unpredictable, especially in the short run. For more, see our 8/21/08 cover story, “The Price is Right”.
Sensible Stories
By , Carpe Diem, 08/28/2008
MarketMinder's View: “Lost in all of the discussions and media reports about stagnating wages, income inequality, and the decline of the middle-class, we have this amazing statistical reality: In just a little more than one generation, real median income per household member has increased by a factor of almost 2/3!”
Sensible Stories
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: “Net neutrality” is far from neutral.
Market Misperceptions
By , CNBC.com, 08/28/2008
MarketMinder's View: More grow-cession claptrap. Ignore.
Dueling Headlines
By , The Guardian, 08/28/2008
MarketMinder's View: Looks like the Brits are confused over whether better-than-expected growth is good or bad.
Market Misperceptions
By , The Independent, 08/28/2008
MarketMinder's View:
We doubt it.
Market Misperceptions
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: Interesting development, but fears of a negative impact on US stocks are probably overwrought—the market tends to see through accounting changes, especially when given enough lead time to adjust appropriately.
Market Misperceptions
By , Asia Times, 08/28/2008
MarketMinder's View: There are too many apocalyptic predictions and too little space here to pick them apart. Ignore categorically.
Market Misperceptions
By , CNNMoney, 08/28/2008
MarketMinder's View: Hey, we’re sick of the ‘R’ word too—because we’re not in one! With US economic growth accelerating in 2008, it’s tough to argue things are truly dire today. Recession is not about how folks are feeling; it’s about actual economic results.
Sensible Stories
By , The International Herald Tribune, 08/28/2008
MarketMinder's View: As the article points out, this will only cause fuel shortages. When will Hugo learn these nationalizations are horrible long-term plans for Venezuela?
Market Misperceptions
By , The Times, 08/28/2008
MarketMinder's View: Deepening recession? Britain’s Q2 GDP was flat, not negative. This is an awfully dire prediction for a country yet to see a single quarter of GDP decline.
Market Misperceptions
By , via The International Herald Tribune, 08/28/2008
MarketMinder's View: Great news! But monthly data, from anywhere, doesn’t make the trend. And for that matter, employment data is backward-looking and isn’t helpful for predicting stock trends.
Sensible Stories
By , The Wall Street Journal, 08/28/2008
MarketMinder's View: Here’s to a still-growing US economy!
Sensible Stories
By , The LA Times, 08/28/2008
MarketMinder's View: “The flip side of being free to succeed is being free to fail. When government intervenes, it tells businesses that they don't have to be smart, far-sighted and nimble, they just have to be large.” Well said!
Sensible Stories
By , CNNMoney, 08/27/2008
MarketMinder's View: Economists have been predicting an exports drop-off for some time now, but they’re consistently wrong. While we don’t put too much emphasis on monthly numbers, this does highlight economic fears are often overwrought.
Sensible Stories
By , The Wall Street Journal, 08/27/2008
MarketMinder's View: China still has some way to go yet but liberalization is of course welcome.
Market Misperceptions
By , The Telegraph, 08/27/2008
MarketMinder's View:
Doesn’t it speak to how far we’ve come when “doom” is described by sub-6% unemployment?
Sensible Stories
By , Bloomberg, 08/27/2008
MarketMinder's View: Despite all the worries, Fannie and Freddie posted the biggest profits on new investments since 1998. This is quite contrary to mortgage market doomsday fears.
Market Misperceptions
By , Bloomberg, 08/27/2008
MarketMinder's View:
Farming costs and revenues are up due to heightened demand. Simple economics.
Sensible Stories
By , Times Online, 08/27/2008
MarketMinder's View: What people forget is that the US only makes up 25% of world GDP—equal to the amount made up by the Emerging Markets. Don’t get too focused on any one country—think globally!
Sensible Stories
By , International Herald Tribune, 08/27/2008
MarketMinder's View: Government devotion to infrastructure development and maintenance has been pitiful at best. We look forward to what private investment can produce.
Market Misperceptions
By , Bloomberg, 08/27/2008
MarketMinder's View:
We don’t expect much from campaigning politicians. Any agenda put forth likely panders to voters and won’t amount to much once the White House and Congress are won.
Sensible Stories
By , Investor’s Business Daily, 08/27/2008
MarketMinder's View: “Time and again, politicians have looked to price controls as the perfect ‘solution’ to daunting economic challenges — and every time, they've proved rife with unintended consequences.” Exactly.
Sensible Stories
By , The Economist, 08/27/2008
MarketMinder's View: The opening of the Saudi Arabian stock market represents the continued evolution and dynamism of global capital markets.
Market Misperceptions
By , The New Republic, 08/27/2008
MarketMinder's View: Never assume technology is static. Perhaps, instead of aviation Armageddon, airlines will finally embrace innovation in the face of higher costs.
Sensible Stories
By , Times Online, 08/27/2008
MarketMinder's View: Windfall taxes are dumb because putting a ceiling on profits puts a ceiling on incentives for innovation.
Market Misperceptions
By , The Washington Post, 08/27/2008
MarketMinder's View: It should hardly be a surprise small banks focused on construction lending are struggling. But 8.1% of delinquencies on construction loans is a pretty small piece of all bank loans and not symptomatic of widespread failure. Also remember only a small percentage of delinquencies are likely to default.
Market Misperceptions
By , The Independent, 08/26/2008
MarketMinder's View:
Wait—inflation is double digit across the developed world? That’s news to us!
Sensible Stories
By , The New York Sun, 08/26/2008
MarketMinder's View: This law may or may not get to the Supreme Court—but hastening its demise would likely lead to a healthier, more competitive business environment.
Sensible Stories
By , The Wall Street Journal, 08/26/2008
MarketMinder's View: The Russian “threat” is far less than headlines would have us believe—a declining population and dependence on oil exports show it’s acting from a place of weakness, not power.
Market Misperceptions
By , The Telegraph, 08/26/2008
MarketMinder's View:
Why stop at Depression, how about economic Armageddon sending us back to the Ice Age? Seriously, the UK has experienced 64 quarters of continuous growth, one flat quarter does not warrant an outpouring of doomsday predictions.
Market Misperceptions
By , Times Online, 08/26/2008
MarketMinder's View:
Stay with us here, the IMF has now downgraded forecasts after upgrading their earlier downgrade. Get it? We don’t either. Better not to pay too much attention to these forecasts.  
Sensible Stories
By , Slate, 08/26/2008
MarketMinder's View: If economists can’t accurately forecast Olympic medals, what does that say about their ability to describe a huge and boundlessly unpredictable economy? No wonder they get it wrong so often.
Market Misperceptions
By , Bloomberg, 08/26/2008
MarketMinder's View:
Oil can react to any number of unpredictable threats—from the weather to geopolitical surprises. Broadcasting its every move is an exercise in futility. What matters is how energy companies will perform long term. See our 8/21/2008 cover story, “The Price Is Right,” for more.
Market Misperceptions
By , CNNMoney, 08/26/2008
MarketMinder's View: Strong, weak, blue, green, paper, coins—whatever form the dollar assumes, it doesn’t matter for global investors or stocks generally. Global exchange rates cancel each other and don’t correlate with stocks anyway.
Sensible Stories
By , Times Online, 08/26/2008
MarketMinder's View: “It is a gross exaggeration to compare the problems of today with the worst economic and financial crises of the past decades” – We couldn’t agree more.
Market Misperceptions
By , CNNMoney, 08/26/2008
MarketMinder's View:
More evidence consumer sentiment might say something about past or current conditions, but nothing about the future. See today’s cover story, “Survey Says,” for more.
Sensible Stories
By , Investor’s Business Daily, 08/26/2008
MarketMinder's View: Who’s to say what’s a “fair” level of profit? We think it best to leave well enough alone. Profit motive drives progress.
Market Misperceptions
By , The Wall Street Journal, 08/26/2008
MarketMinder's View: Let ‘em fail—creative destruction is one key to moving on and up.
Market Misperceptions
By , The Wall Street Journal, 08/25/2008
MarketMinder's View:
The laureates are missing the mark by a wide margin. Globalization has decidedly been a net benefit for the world.
Market Misperceptions
By , Investor’s Business Daily, 08/25/2008
MarketMinder's View:
Will they? Won’t they? Does it even matter? Russia’s economy and capital markets are relatively tiny. And while a foreign exodus would be bad for them, it wouldn’t create much of a global blip.
Sensible Stories
By , CNNMoney, 08/25/2008
MarketMinder's View: Headlines proclaim this is the worst economy since the Great Depression, but simultaneously many folks feel they’re better off now than at the end of 2001. This disconnect probably indicates things aren’t as bad as many believe.
Market Misperceptions
By , Reuters, 08/25/2008
MarketMinder's View:
That’s a pretty big stretch considering that housing is less than 5% of the US economy. Ignore. 
Market Misperceptions
By , RealClearMarkets, 08/25/2008
MarketMinder's View:
Focusing only on falling prices is as incorrect as focusing only on rising prices. With long-term rates remaining low globally, the market believes inflation is likely to remain benign. 
Sensible Stories
By , LA Weekly, 08/25/2008
MarketMinder's View: It’s easy to fall prey to myth, particularly when it comes in a flashy package. Don’t fall prey—just because a lot of people agree on something doesn’t mean it’s true.
Market Misperceptions
By , Telegraph, 08/25/2008
MarketMinder's View:
We appreciate the attempt to alleviate needless fear, but it’s wrong to presume a recession is already underway. Available data simply doesn’t support it.
Sensible Stories
By , US News & World Report, 08/25/2008
MarketMinder's View: We’re all for the death of corporate taxes!
Market Misperceptions
By , The Telegraph, 08/22/2008
MarketMinder's View: Regardless of whether the financial system is out of the woods, more regulation isn’t the answer.
Market Misperceptions
By , The Telegraph, 08/22/2008
MarketMinder's View:
Of course economists have predicted 12 out of the last two recessions.
Sensible Stories
By , The New York Sun, 08/22/2008
MarketMinder's View: Reduced protectionism and increased transparency in international trade is good for everyone.
Sensible Stories
By , The Economist, 08/22/2008
MarketMinder's View: An interesting look at the negative consequences of government intervention in markets.
Sensible Stories
By , Financial Times, 08/22/2008
MarketMinder's View: Don’t blame short-sellers for market volatility. They play a long demonized, but perfectly legitimate, role in free capital markets.
Market Misperceptions
By , The Wall Street Journal, 08/22/2008
MarketMinder's View:
The idea the government is intentionally manufacturing higher inflation because they believe it reduces overall debt is simply overwrought conspiracy theory.
Sensible Stories
By , Marginal Revolution, 08/22/2008
MarketMinder's View: Whaddya know? A new study finds free trade really does lead to faster GDP growth!
Sensible Stories
By , ClusterStock, 08/22/2008
MarketMinder's View: While prices of some goods and services are increasing, others—like big screen TVs—are way down, helping keep consumerism alive and well.
Sensible Stories
By , Café Hayek, 08/22/2008
MarketMinder's View: Free markets promote innovation—the seed of all great technological breakthroughs.
Market Misperceptions
By , Asia Times, 08/22/2008
MarketMinder's View:
More too-dour sentiment. Ignore.
Market Misperceptions
By , BBC News, 08/22/2008
MarketMinder's View: Not great news for Russia, but not a big deal for the world. After all, Russia is only about 2% of the global economy.
Sensible Stories
By , The Financial Times, 08/22/2008
MarketMinder's View: Government and regulators will always look around to blame someone else during times of turmoil, they rarely get it right though.
Market Misperceptions
By , The Independent, 08/22/2008
MarketMinder's View:
Is it really news that government economic data might not be the most reliable?
Market Misperceptions
By , Bloomberg, 08/21/2008
MarketMinder's View: If you’re looking for a safe haven from market volatility, we wouldn’t suggest putting vintage guitars and bras on the top of your list.
Sensible Stories
By , The Washington Times, 08/21/2008
MarketMinder's View: We think all taxes are bad but it would be nice to see America reduce its corporate tax levels.
Sensible Stories
By , Bloomberg, 08/21/2008
MarketMinder's View: Legislation nearly always has unintended, and negative, consequences.
Sensible Stories
By , CNNMoney, 08/21/2008
MarketMinder's View: The strength of the global economy remains underappreciated. For more, see our 7/31/2008 cover story, “Long Train Runnin’.”
Sensible Stories
By , Times Online, 08/21/2008
MarketMinder's View: Sentiment and current expectations probably don’t measure up against what is actually happening, the economy is stronger than many people believe.
Market Misperceptions
By , MarketWatch, 08/21/2008
MarketMinder's View: Markets efficiently discount widely known information. This story has been front page news all along. Ignore. 
Market Misperceptions
By , Bloomberg.com, 08/21/2008
MarketMinder's View: Oil prices are volatile and unpredictable in the short term. Ignore daily fluctuations. For more, see today’s cover story, “The Price Is Right”.
Market Misperceptions
By , Bloomberg, 08/21/2008
MarketMinder's View: Monthly indicators are widely variable and not predictive. Note that the economy continues to grow, not contract.
Market Misperceptions
By , The Washington Post, 08/21/2008
MarketMinder's View: The media isn’t exactly looking for the silver lining these days. Sure, the agri boom will come to an end some day, but for now it’s nice to know many parts of the economy are doing very well. As the man says, “I’ve been farming for 39 years and I haven’t seen a better year than this one.”
Market Misperceptions
By , Reuters, 08/21/2008
MarketMinder's View:
Markets tend to move a lot quicker than people expect them to.
Sensible Stories
By , The Wall Street Journal, 08/21/2008
MarketMinder's View: “As the 110th Congress continues its August recess, the big legislative news is that it has passed fewer laws than any Congress in the last two decades.” Good—when it comes to meddlesome legislation, less is more.
Sensible Stories
By , Seeking Alpha, 08/21/2008
MarketMinder's View: Inflation is worth keeping an eye on—but it always is. And the core figure has been hovering around only 2% for a decade now.
Sensible Stories
By , Real Clear Politics, 08/20/2008
MarketMinder's View: A simple lesson in why we trade.
Sensible Stories
By , Bloomberg, 08/20/2008
MarketMinder's View: While we don’t believe August (or any other month) is the “most critical month of the year,” it’s true seasonality in investing is a myth, grounded only in confirmation bias and illusions of validity.
Sensible Stories
By , TheStreet.com, 08/20/2008
MarketMinder's View: The number of strategic M&A deals continues to greatly outpace IPOs in the tech sector—and the shrinkage, rather than issuance, of public shares is positive for stock prices.
Market Misperceptions
By , The New York Times, 08/20/2008
MarketMinder's View:
Annualized GDP growth of 1.9% is hardly the stuff of nightmares.
Sensible Stories
By , The Wall Street Journal, 08/20/2008
MarketMinder's View: State politicians should keep in mind people can pretty easily move to where state and local tax environments are most benign.
Sensible Stories
By , National Review Online, 08/20/2008
MarketMinder's View: Free markets provide “the vast spectrum of knowledge required for dealing with many real world complications.”
Dueling Headlines
By , Newsweek, 08/20/2008
MarketMinder's View: Truth is, if historical trends continue, China’s growth will prove mutually beneficial to the global economy.
Sensible Stories
By , RealClearMarkets, 08/20/2008
MarketMinder's View: Be wary of sensationalistic headlines like “Corporations Pay No Taxes.” Often these stories make assumptions, obscure reality, and misconstrue statistics.
Market Misperceptions
By , Reuters, 08/20/2008
MarketMinder's View:
What is normality anyway? Markets and economies are constantly changing, adapting, and evolving.
Market Misperceptions
By , Financial Times, 08/20/2008
MarketMinder's View: Whether the dollar rises or falls shouldn’t cause concern; currencies are essentially just flavors of global money in a zero-sum game.
Market Misperceptions
By , Bloomberg, 08/20/2008
MarketMinder's View:
Ignore such useless, backward-looking statistics—they aren’t predictive of markets.
Market Misperceptions
By , CNNMoney.com, 08/20/2008
MarketMinder's View:
We’re not returning to the Dark Ages any time soon. Standard of living refers to the quality and quantity of goods and services available to people, and inarguably, both have increased over the years and are continuing to do so.
Market Misperceptions
By , The Financial Times, 08/20/2008
MarketMinder's View:
We won’t argue that we’d love to see more free trade—but we don’t much care whether that’s in the form of some large bureaucratic free trade deal (the likes of the failed Doha round) or bi-lateral trade agreements. Despite the claims that free trade is imperiled, free trade has risen dramatically over the past 5 years (even without some large scale free trade deal).
Market Misperceptions
By , CNBC, 08/19/2008
MarketMinder's View:
Maybe another large bank will collapse, maybe not. What’s even more important is allowing the system to shake out weakness and proceed stronger and healthier than before. We shouldn’t fear failure—see our 7/15/2008 cover story, “Don’t Fear Failure,” for more.
Sensible Stories
By , Briefing.com, 08/19/2008
MarketMinder's View: “The bottom line is that it is WRONG to say that there is a credit crunch. Nonfinancial companies have access to the credit they need to grow and manage their businesses.” Have to say we agree.
Sensible Stories
By , The Wall Street Journal, 08/19/2008
MarketMinder's View: Politicians will be politicians—and in an election year, bark matters more than bite. But a lack of actual legislation reduces uncertainty and can be a good thing for stocks.
Sensible Stories
By , Chicago Tribune, 08/19/2008
MarketMinder's View: No matter what pain or pleasure is currently foremost in memory, forward expectations are all that matter in investing.
Sensible Stories
By , SmartMoney, 08/19/2008
MarketMinder's View: The family vacation is alive and well! Perhaps things aren’t as dour as many believe.
Sensible Stories
By , The New York Post, 08/19/2008
MarketMinder's View: Taxation will always be a bad way to increase state revenues because it encourages migration of individuals and discourages productivity amongst those who stay.
Market Misperceptions
By , Telegraph, 08/19/2008
MarketMinder's View:
Though we deplore any movement against free markets, most countries continue to liberalize at an unprecedented pace. One small nation in the face of the world means little.
Market Misperceptions
By , Financial Times, 08/19/2008
MarketMinder's View:
We’d argue one is inextricably linked to the other.
Sensible Stories
By , The Wall Street Journal, 08/19/2008
MarketMinder's View: Sentiment has been so dour for a long time, so could it be that the “bad news” is at least better than expected.
Market Misperceptions
By , CNNMoney, 08/19/2008
MarketMinder's View:
For long term investors, we’ve found gold to be a pretty poor choice. 
Market Misperceptions
By , CNNMoney, 08/19/2008
MarketMinder's View:
This number is higher than many would prefer. But remember wholesale prices don’t necessarily translate directly into final consumer prices, and one month’s data can be very misleading.
Market Misperceptions
By , Bloomberg, 08/18/2008
MarketMinder's View: Trade deficits are nothing to fear. They don’t in themselves necessarily hurt stocks or economies. See our cover story, “Don’t Demonize the Deficit” for more.
Market Misperceptions
By , Fox Business, 08/18/2008
MarketMinder's View: Consumer sentiment is a lagging or coincident indicator at best. Ignore.
Sensible Stories
By , The Wall Street Journal, 08/18/2008
MarketMinder's View: “Trade is also the ultimate source of economic information, which means that the more free the trade in an industry, the more efficient the industry will become as comparative strengths move around the world.” Makes sense to us.
Sensible Stories
By , Associated Press, 08/18/2008
MarketMinder's View: “The study found that reliance on government data to track the economy is leading to scattershot coverage that, at times, lags months behind actual economic conditions.” We’re not surprised.
Sensible Stories
By , Briefing.com, 08/18/2008
MarketMinder's View: Insightful commentary about the current state of economic affairs. Take time to read this article.
Market Misperceptions
By , Bloomberg, 08/18/2008
MarketMinder's View:
This is worth keeping an eye on. We shouldn’t fear failure in capital markets. But we should fear when a relative few attempt to harness free markets for the collective good. See our 07/15/2008 cover story, "Don't Fear Failure" for more.
Market Misperceptions
By , Telegraph, 08/18/2008
MarketMinder's View: Many feel the dollar’s recent strength is merely due to weakness in the rest of the world. Maybe, maybe not. But long-term investors needn’t worry about daily dollar gyrations.  See our 08/15/08 cover story, "The Dollar and You" for more.
Market Misperceptions
By , The Wall Street Journal, 08/18/2008
MarketMinder's View: Long government bond yields offer the market’s best indication for inflation expectations, not the price of a few commodities.
Sensible Stories
By , Washington Post, 08/18/2008
MarketMinder's View: It should come as no surprise that government intervention has caused more problems than it has solved.
Sensible Stories
By , Financial Times, 08/18/2008
MarketMinder's View: Lower corporate taxes and more free trade? We can get on board with that.
Market Misperceptions
By , Times Online, 08/18/2008
MarketMinder's View:
Recession and inflation fears have been largely responsible for negative sentiment for some time now. People could do worse than remind themselves that things are rarely as bad, or as good, as they seem at the time.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: High taxes stifle economic growth and have adverse effects on domestic and foreign investments. See our cover story, “California Dreamin’” for more.
Sensible Stories
By , Financial Times, 08/15/2008
MarketMinder's View: The Eurozone may have grown in size over the years, but not in global relevance. Perhaps outmoded processes and protectionist policies play a role.
Sensible Stories
By , Investor’s Business Daily, 08/15/2008
MarketMinder's View: Oil companies get a bad rap, but due to the high cost of production and taxes, the profit margins for oil companies is relatively low compared to other industries.
Sensible Stories
By , Barron’s, 08/15/2008
MarketMinder's View: We don’t put too much stock in gold as a reliable inflation indicator, but we agree long-term interest rates—in the US and globally—point to benign inflation expectations.
Sensible Stories
By , Times Online, 08/15/2008
MarketMinder's View: The US economy continues to demonstrate its resilience.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: Dour comparisons to the Great Depression are shockingly off the mark.
Market Misperceptions
By , The Wall Street Journal, 08/15/2008
MarketMinder's View:
The global economy continues to grow very healthily.
Market Misperceptions
By , CNNMoney.com, 08/15/2008
MarketMinder's View: These alarmist claims are myopic. Current inflation and unemployment rates remain near historic lows—check any textbook.
Market Misperceptions
By , Kiplinger.com, 08/15/2008
MarketMinder's View: The “misfortunes” outlined here aren’t as calamitous as portrayed (heck, we view some—like foreign investments—as economic positives). No nation is perfect, but we think we have it pretty good here.
Sensible Stories
By , The Weekly Standard, 08/15/2008
MarketMinder's View: A strong dollar has benefits and drawbacks—as does a weak dollar. Neither is inherently better. See today’s cover story, “The Dollar and You” for more.
Sensible Stories
By , The Wall Street Journal, 08/15/2008
MarketMinder's View: A great start! But we believe dropping tariffs everywhere would provide even greater positives.
Market Misperceptions
By , Bloomberg, 08/15/2008
MarketMinder's View:
Consumer sentiment—positive or negative—isn’t a reliable indicator for the economy or the markets. Plus, surveys and polls are notoriously fickle and subjective.
Sensible Stories
By , The Washington Times, 08/14/2008
MarketMinder's View: There’s plenty of oil underground, but chronic underinvestment (mostly because of wishy-washy politicians) hampers supply. Future supply—and, by extension, prices—hinges on future investment in production.
Sensible Stories
By , Vox EU, 08/14/2008
MarketMinder's View: A fair, factual look at sovereign wealth funds, which help speed the free flow of capital around the world.
Sensible Stories
By , The Beacon, 08/14/2008
MarketMinder's View: “If we were talking about bananas, everybody would see immediately the foolishness of seeking ‘banana independence.’ Nobody would fall for half-baked arguments about our addiction to foreign bananas or our love affair with banana bread…The argument with regard to oil, or anything else, is identical.”
Market Misperceptions
By , The New York Times, 08/14/2008
MarketMinder's View:
Forecast global growth of around 4% is not something to be fearful of.
Market Misperceptions
By , Bloomberg, 08/14/2008
MarketMinder's View: This just doesn’t make sense. A recovery in Cleveland in no way tells us home prices in the rest of the country will fall.
Market Misperceptions
By , CNNMoney.com, 08/14/2008
MarketMinder's View: CPI is not a trustworthy indicator. Long-term Treasury yields, a better gauge of inflation, remain benign.
Sensible Stories
By , Financial Times, 08/14/2008
MarketMinder's View: Increased foreign investment has spurred innovation and positive change in Europe—a great thing for the global economy.
Sensible Stories
By , Bloomberg, 08/14/2008
MarketMinder's View: Easing bureaucracy, increasing competition, and lowering taxes are usually good measures whatever the economic environment.
Sensible Stories
By , The Wall Street Journal, 08/14/2008
MarketMinder's View: “Even in light of oil’s drop, energy companies are still capable of booking solid profits in this economy.” Don’t fret falling prices.
Sensible Stories
By , The Wall Street Journal, 08/14/2008
MarketMinder's View: Economic reform which reduces government involvement should be encouraged wherever it takes place.
Market Misperceptions
By , The Telegraph, 08/14/2008
MarketMinder's View: Such rampant pessimism about the global economy is another example of too-dour sentiment plaguing investors today.
Sensible Stories
By , Financial Times, 08/14/2008
MarketMinder's View: It doesn’t matter whether it’s rice, cars or beef – protectionist tariffs only serve to promote inefficiency.
Market Misperceptions
By , BBC News, 08/14/2008
MarketMinder's View:
Currency moves—whether in the pound, dollar, euro, yen, or others—don’t mean much to a globally diversified stock portfolio.
Market Misperceptions
By , The Times, 08/14/2008
MarketMinder's View:
While the yen carry trade could unwind a bit, fears of a huge negative effect on stocks are probably overwrought at this point.
Market Misperceptions
By , The Wall Street Journal, 08/14/2008
MarketMinder's View:
So-called green taxes are just a form of price controls—which never work in the long run and cause substantial unintended consequences.
Sensible Stories
By , Financial Times, 08/13/2008
MarketMinder's View: Hooray! Increasing competition in any industry helps improve efficiency and benefits consumers.
Sensible Stories
By , The Guardian, 08/13/2008
MarketMinder's View: In times when scaremongering sells, it is worth remembering how good we still have it. Credit reallocation, fictitious recession and inflation under control, sound familiar? It should—we’ve been saying it all along!
Sensible Stories
By , Marketwatch.com, 08/13/2008
MarketMinder's View: The greatest challenge to overcome for all investors is how easily we are led by our emotions.
Market Misperceptions
By , Bloomberg, 08/13/2008
MarketMinder's View: Slight weakness in a single country or in a few small countries is nothing to fret as long as the global economy is growing—which it is. See today’s cover story, “Chi Non Saltare,” for more.
Market Misperceptions
By , The Wall Street Journal, 08/13/2008
MarketMinder's View: A large budget deficit doesn’t spell doom for stocks. Historically, stocks have done better following large budget deficits than large budget surpluses. There’s no reason to fear a budget deficit.
Sensible Stories
By , NBER, 08/13/2008
MarketMinder's View: The US remains an attractive place to invest.
Sensible Stories
By , The Independent, 08/13/2008
MarketMinder's View: Mergers and acquisitions activity abounds in the mining industry—highlighting the ongoing robust materials demand from emerging markets and the fact credit isn’t as scarce as most believe.
Market Misperceptions
By , Times Online, 08/13/2008
MarketMinder's View:
This may seem high, but compared to what? Try 1970’s inflation of 25%.
Market Misperceptions
By , Associated Press, 08/13/2008
MarketMinder's View: Monthly consumer spending numbers can be fickle and subject to revisions—beware putting too much emphasis in such a short-term gauge.
Sensible Stories
By , Telegraph, 08/13/2008
MarketMinder's View: Back in vogue? Corporate borrowing for big companies never really halted in the first place.
Sensible Stories
By , Financial Times, 08/13/2008
MarketMinder's View: “Few economic statistics are facts: most require thoughtful analysis and interpretation.” Exactly. Statistics on their own, no matter how shocking, tell you nothing.
Market Misperceptions
By , The Kiplinger Letter, 08/13/2008
MarketMinder's View: An overly dour view of today’s economy makes for predictably dour economic forecasts. Still, those views don’t change the fact global GDP is growing.
Market Misperceptions
By , The Curious Capitalist, 08/13/2008
MarketMinder's View: Is this debate necessary? Should it be? In the end, the market will determine if a company model has the factors for success or failure.
Market Misperceptions
By , The Wall Street Journal, 08/12/2008
MarketMinder's View:
Just a few weeks ago we were reading that oil was a safe haven.
Market Misperceptions
By , MSNMoney, 08/12/2008
MarketMinder's View:
Did they ever leave? As the Financials shake-out continues, keep in mind the rest of the market is faring considerably better, as earnings outside Financials continue positive.
Market Misperceptions
By , The Wall Street Journal, 08/12/2008
MarketMinder's View:
According to headlines, this is a no-win situation—but fact is the dollar doesn’t materially affect stock prices in the long run, so you don’t need to rationalize its every move.
Market Misperceptions
By , Bloomberg, 08/12/2008
MarketMinder's View: High volatility often means steep reversals of trend. Commodities are no different. Overall, we expect prices will remain elevated as demand for raw materials and energy continues strong throughout the globe.
Market Misperceptions
By , The Independent, 08/12/2008
MarketMinder's View:
Drawing parallels between economic growth and the staging of a sporting event is tenuous at best.
Sensible Stories
By , Bloomberg, 08/12/2008
MarketMinder's View: High corporate taxes drive away business and make it hard to compete in today’s global marketplace. Some in the world’s second-biggest economy are seeing the logic—we hope folks in the US will as well. See today’s cover story, “California Dreamin’,” for more.
Market Misperceptions
By , CNBC, 08/12/2008
MarketMinder's View: There’s plenty of risk in this world; if there weren’t, there’d be no opportunity. Allowing weak institutions to fail is a fundamental part of free-market capitalism, and nothing to fear. See our cover story, “Don’t Fear Failure,” for more.
Market Misperceptions
By , CNNMoney.com, 08/12/2008
MarketMinder's View:
This article is right to advocate long-term investing. But for most long-term investors, it’s better to be all-equity, all the time—dodging only the longest, steepest declines with mixed asset allocations. The notion that bonds “reduce risk” in achieving investor goals over long time horizons is false.
Sensible Stories
By , The Economist, 08/12/2008
MarketMinder's View: Globalization is not just represented by the number of container ships trawling the sea but the increasing freedom with which capital can flow. Oil prices are as influenced by supply and demand as everything else.
Market Misperceptions
By , The Telegraph, 08/11/2008
MarketMinder's View:
Markets are forward looking and we believe the future is brighter than the past.  
Market Misperceptions
By , Bloomberg, 08/11/2008
MarketMinder's View: To insinuate inflation isn’t a concern because of a weak economy is wrong. Economic movement in either direction has no bearing on inflation. See our cover story, Slow Road, No Inflation for more.
Sensible Stories
By , Slate, 08/11/2008
MarketMinder's View: Economists can be useful, just perhaps not at making economic forecasts.
Sensible Stories
By , Bloomberg, 08/11/2008
MarketMinder's View: We like seeing privatization—nationalization hampers economic growth (see Cuba and Venezuela).
Sensible Stories
By , The Wall Street Journal, 08/11/2008
MarketMinder's View: Productivity has been strong and is a little-noticed ally for the US economy. See our cover story, Cost Consumed for more.
Market Misperceptions
By , The Wall Street Journal, 08/11/2008
MarketMinder's View:
We expect the economy will continue to beat too-dour expectations. If you haven’t already, read “The Wisdom of Crowds?” under today’s Sensible Stories.
Market Misperceptions
By , Financial Times, 08/11/2008
MarketMinder's View: The article wants to spook us, but we have trouble seeing why this is bad. In a global economy, the US should encourage other countries to excel where we aren’t as efficient.
Sensible Stories
By , The Wall Street Journal, 08/11/2008
MarketMinder's View: Silly politicians will never learn—tax something more and you will get less of it.
Market Misperceptions
By , Bloomberg, 08/11/2008
MarketMinder's View: Don’t squeeze the consumers! Or is it the Charmin? Funny how so many thought the 2008 tax rebate wouldn’t help, and now they think it’s wholly responsible for consumer spending strength. Don’t buy it. We expect consumer spending will continue better than expected.
Sensible Stories
By , New World Economy, 08/11/2008
MarketMinder's View: We agree: When it comes to economic strength, less taxation helps, more taxation hurts.
Sensible Stories
By , Slate, 08/11/2008
MarketMinder's View: The more important question might be why people continue to listen?
Sensible Stories
By , The Wall Street Journal, 08/08/2008
MarketMinder's View: The leading force behind economic growth everywhere is the increase in the number of people entering prosperity.
Market Misperceptions
By , MSNBC, 08/08/2008
MarketMinder's View:
Actually, a Treasury Department study released last year found median income rose 24% over the past decade. Beware anecdotal polls with little basis in fact. See our 7/31/2008 cover story Long Train Runnin’, for more.
Market Misperceptions
By , Reuters, 08/08/2008
MarketMinder's View: Actually, no. Central banks around the world have learned from past mistakes, and in our view have acted appropriately and creatively when necessary. And suggesting a global recession is premature, to say the least.
Sensible Stories
By , The Wall Street Journal, 08/08/2008
MarketMinder's View: You cannot argue against the positive effect free trade has had on the World's economic wealth.
Sensible Stories
By , Slate, 08/08/2008
MarketMinder's View: It turns out economists aren’t any better at forecasting medal counts than anything else. Something to consider the next time you read the latest prognostications.
Market Misperceptions
By , CNNMoney, 08/08/2008
MarketMinder's View: Homes under contract rose surprisingly in April, fell surprisingly in May, but rose again in June. See a pattern? Neither do we. Avoid getting caught up in the seesaw of monthly numbers.
Dueling Headlines
By , BBC, 08/08/2008
MarketMinder's View: Wait, will it be death by high or low energy prices?
Market Misperceptions
By , Financial Times, 08/08/2008
MarketMinder's View:
If the troubles in the financial sector were going to impact the wider economy significantly, they would have done so by now.
Market Misperceptions
By , CNBC, 08/08/2008
MarketMinder's View: Despite the despairing headline, productivity (a powerful inflation-fighting force) has grown steadily for years—and grew again in the second quarter. See our 8/05/2008 cover story Cost Consumed, for more.
Market Misperceptions
By , Time, 08/08/2008
MarketMinder's View: Trotting out big-wig bankers will solve as many problems for financials as the traditional summer grilling of oil execs has for high energy prices. Ignore.
Market Misperceptions
By , Reuters, 08/08/2008
MarketMinder's View:
Sentiment is at best a coincident indicator and not predictive for stocks. But, as the saying goes, when others are fearful it’s usually a good time to buy.
Sensible Stories
By , CNBC, 08/08/2008
MarketMinder's View: Vultures may be circling—but scavengers ensure efficiency in nature and in markets. Today, they may be laying the foundation for recovery of some much-maligned debt securities.
Sensible Stories
By , Briefing.com, 08/08/2008
MarketMinder's View: Solid economic fundamentals continue to go unnoticed. At some point this will change—and when it does, stocks should benefit.
Sensible Stories
By , Briefing.com, 08/08/2008
MarketMinder's View: “The prevailing message in the July reports is that consumers are still spending, only they are doing so in a value-oriented manner. While that detracts from the returns of many specialty retailers, don't let the minus signs there lull you in to thinking that means consumers aren't spending. They are.” We agree—and as long as consumers continue to spend, a recession will be hard to come by.
Sensible Stories
By , The Wall Street Journal, 08/07/2008
MarketMinder's View: “What Europe needs is not more government interventionism, but more dynamic markets, lower taxes and more economic freedom.” We agree—windfall taxes aren’t the answer to high oil prices.
Market Misperceptions
By , Bloomberg, 08/07/2008
MarketMinder's View: We adore Monty Python references. But the fact is, CDOs aren’t dead—there’s no reason their market values can’t eventually be written back up, and we expect them to be around far into the future as a financial tool.
Sensible Stories
By , The Washington Times, 08/07/2008
MarketMinder's View: Privatization could make all our lives a little sweeter—and increase wealth from coast to coast!
Market Misperceptions
By , CNNMoney.com, 08/07/2008
MarketMinder's View: Whether the dollar truly is on the “comeback” or not, currency moves don’t mean much for globally diversified stock portfolios in the long run.
Sensible Stories
By , The American, 08/07/2008
MarketMinder's View: A timely reminder: “Low taxes, limited government, and flexible labor markets will help to spur economic growth.”
Market Misperceptions
By , CNBC.com, 08/07/2008
MarketMinder's View: Don’t let charts dictate your investment strategy—they’re entirely backward looking, and past behavior tells us nothing about future returns.
Market Misperceptions
By , Asia Times, 08/07/2008
MarketMinder's View: When we see new doomsday catchphrases like “hyper-stagflation,” we know sentiment is hyper-dour.
Market Misperceptions
By , Bloomberg, 08/07/2008
MarketMinder's View: This argument for more regulation is silly—wasn’t piling on more arbitrary regulation how Fannie and Freddie, otherwise well-capitalized, got in trouble in the first place? See our 7/24/2008 cover story “Mark It to Market,” for more.
Sensible Stories
By , The Wall Street Journal, 08/07/2008
MarketMinder's View: Just as with stimulus checks in America, the numbers seem big but the Beijing Olympics are a pretty small chunk of the Chinese economy.
Sensible Stories
By , The Wall Street Journal, 08/07/2008
MarketMinder's View: It’s important to keep an eye on central banks globally.
Sensible Stories
By , Carpe Diem, 08/07/2008
MarketMinder's View: Like most economic data, jobless claims have to be seen in the proper context in order to be properly understood.
Market Misperceptions
By , The Telegraph, 08/07/2008
MarketMinder's View: Commodities’ rise is nothing like the Tech Bubble. Commodities have risen on fundamentals—the Tech Bubble was inflated with a lot of euphoric sentiment and excess supply.
Sensible Stories
By , The Wall Street Journal, 08/07/2008
MarketMinder's View: In healthcare and everywhere, free markets tend to yield the most innovative, beneficial solutions.
Market Misperceptions
By , The Guardian, 08/07/2008
MarketMinder's View:
A windfall tax on energy will likely lead to higher prices and increased fuel poverty—the complete opposite of what it aims to achieve.
Market Misperceptions
By , Times Online, 08/07/2008
MarketMinder's View:
If the forecasts from two years ago included no mention of a downturn, why should we trust this two-year forecast?
Market Misperceptions
By , The New York Times, 08/07/2008
MarketMinder's View: More regret shunning. While surely some firms behaved in shady ways, firms simply can’t be held responsible every time investors lose money.
Market Misperceptions
By , BBC News, 08/07/2008
MarketMinder's View: Egad! That’s big! Except we’re not scared, because budget deficits have never portended bad markets or economic times.
Sensible Stories
By , Bloomberg, 08/06/2008
MarketMinder's View: “Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.” French and German jokes aside, it’s true embracing business values and efficiency can help economies gain competitive advantage.
Market Misperceptions
By , Spiegel Online, 08/06/2008
MarketMinder's View: Lowering global trade barriers would be nice, but bilateral trade agreements are still steps in the right direction. Global trade will continue—it’s in every country’s best interests—with or without a global agreement.
Market Misperceptions
By , Bloomberg, 08/06/2008
MarketMinder's View: The fact is small rate moves don’t matter very much—the difference in 2.0% vs. 2.25% or 1.75% isn’t big enough to radically impact the US economy. For more, see our current cover story, “Much Ado About Nothing.”
Market Misperceptions
By , Guardian, 08/06/2008
MarketMinder's View: We suspect the Bank of England will make interest rate decisions based on their economic and monetary views, regardless of what the IMF says. Pay attention to actual decisions, not external advice.
Sensible Stories
By , The Wall Street Journal, 08/06/2008
MarketMinder's View: Relying on “the deus ex machina of Congress, waving a legislative wand to make people do things they would choose not to do” isn’t a plan—it’s a recipe for disaster.
Sensible Stories
By , The Curious Capitalist, 08/06/2008
MarketMinder's View: And so do we. Failure is a right and healthy part of a free market society. See our cover story “Don’t Fear Failure” (7/15/2008), for more.
Sensible Stories
By , RealClearMarkets, 08/06/2008
MarketMinder's View: This can easily be extrapolated from a state level to the national level. Nations with higher taxes and regulation will inevitably become less competitive.
Market Misperceptions
By , The Independent, 08/06/2008
MarketMinder's View:
Why is that politicians and regulators always try to devise legislation to stop the “crisis” that’s already occurred? Sort of like closing the barn doors after the horses have already gotten out. We’d be pleased to see politicians take their finger off the regulatory trigger.
Sensible Stories
By , Investors Business Daily, 08/06/2008
MarketMinder's View: Straight from the handbook of unintended consequences of government intervention.
Sensible Stories
By , The Telegraph, 08/06/2008
MarketMinder's View: We’ll believe it when we see it, but it’s at least moving in the right direction.
Market Misperceptions
By , The New York Times, 08/06/2008
MarketMinder's View:
Wait . . . now economists don’t expect a recession? And for months they’ve assured us one is already here! There’s a reason economics is called the “dismal” science. By and large, economists don’t have a stellar track record for predicting economic outcomes.
Sensible Stories
By , Financial Times, 08/06/2008
MarketMinder's View: Sovereign wealth funds can be stabilizing forces in global finance markets. Don’t fear them. Understand them.
Market Misperceptions
By , The New York Times, 08/05/2008
MarketMinder's View:
GDP growth dipping below 10% hardly signals economic armageddon.
Market Misperceptions
By , Reuters, 08/05/2008
MarketMinder's View: A better title for this might have been “Service Sector Shrinks Less Than Expected in July.” Anyway, one month’s data tells you next to nothing as most economic indicators are highly erratic over such short periods.
Sensible Stories
By , Financial Times, 08/05/2008
MarketMinder's View: "...the past decade has seen mounting global forces (the international version of Adam Smith’s invisible hand) quietly displacing government control of economic affairs." Let's hope that continues.
Sensible Stories
By , The Wall Street Journal, 08/05/2008
MarketMinder's View: We might not agree with everything in here, but this is right on: “When markets are going up should a regulator stop them? How can a regulator "decide" that the market is too high? That it is just a bubble? They can't—no one can.”
Sensible Stories
By , The Economist, 08/05/2008
MarketMinder's View: Analyst expectations more often reflect prevailing sentiment than reality. Today’s sentiment is overly dour.
Sensible Stories
By , Carpe Diem, 08/05/2008
MarketMinder's View: Though prices are still high, recent media coverage has predictably slackened as they’ve trended down.
Market Misperceptions
By , USA Today, 08/05/2008
MarketMinder's View:
Weren’t folks blaming the mortgage mess on irresponsible lending practices? Now when firms tighten standards (without government intervention, mind you) they’re again the bad guys? You can’t have your cake and eat it too.
Sensible Stories
By , The Financial Times, 08/05/2008
MarketMinder's View: Financial markets don’t always correctly interpret the state of the economy.
Sensible Stories
By , Investor’s Business Daily, 08/05/2008
MarketMinder's View: The costs of enforcing regulation and simultaneously maintaining compliance are staggering.
Sensible Stories
By , The Wall Street Journal, 08/05/2008
MarketMinder's View: Just like companies, individuals will move to places where the tax burden is lower.
Market Misperceptions
By , 08/05/2008
MarketMinder's View: We knew these folks would reverse their tune! Just a couple weeks ago high oil was the big danger…now cheap oil is even more dangerous! Which is it?
Sensible Stories
By , The Wall Street Journal, 08/04/2008
MarketMinder's View: Could it be that the supposed economic woes and threats of recession have been overstated?
Sensible Stories
By , The Times, 08/04/2008
MarketMinder's View: We agree. Those quick to claim the US is heading for a deep recession suffer from an overly dour perspective, which is not matched by economic reality.
Sensible Stories
By , Briefing.com, 08/04/2008
MarketMinder's View: A sensible review of several highly-touted economic issues.
Market Misperceptions
By , The Independent, 08/04/2008
MarketMinder's View:
It’s typical of the media to always find something for us to worry about.
Market Misperceptions
By , The American, 08/04/2008
MarketMinder's View: Yes, there are housing and credit troubles. But the current US economy differs from the Great Depression in just about every way, shape, and form. Today’s economy is vastly stronger.
Market Misperceptions
By , The New York Times, 08/04/2008
MarketMinder's View:
Higher shipping costs may cause some grumbling, but they won’t wipe out globalization.
Market Misperceptions
By , The Wall Street Journal, 08/04/2008
MarketMinder's View: This is portrayed as a negative (of course), but we say yippee! IPOs increase the supply of shares on the market, which, on balance, lowers stock prices. We like higher stock prices.
Market Misperceptions
By , The Financial Times, 08/04/2008
MarketMinder's View:
The GDP figures suggest economic conditions have improved since the end of 2007, yet America is supposedly on the edge of a precipice. The economy is in a lot better shape than is portrayed.
Sensible Stories
By , The Wall Street Journal, 08/04/2008
MarketMinder's View: Attempts to harness free markets always carry unintended (and usually negative) consequences.
Market Misperceptions
By , Bloomberg, 08/04/2008
MarketMinder's View: According to this article, the world economy can avoid recession yet still suffer from a “witches’ brew” of ailments. Perhaps the proper way to frame it would be that despite some ailments, the world economy continues to grow.
Sensible Stories
By , International Herald Tribune, 08/04/2008
MarketMinder's View: Though some might wish to squelch it, globalization continues—and the world is better for it.
Market Misperceptions
By , The Telegraph, 08/01/2008
MarketMinder's View:
“We’re in a recession. It’s going to widen, it’s going to deepen.” Just saying it doesn’t make it so. See today’s cover story, “Recessionism,” for more.
Sensible Stories
By , The New York Times, 08/01/2008
MarketMinder's View: Profits feel worse than they are because they’re off from such high levels. Don’t let framing errors skew your view of financial reality.
Sensible Stories
By , The Wall Street Journal, 08/01/2008
MarketMinder's View: Just because some folks don’t fully understand certain financial innovations doesn’t make them inherently evil. New commodities exchange contracts actually increase transparency—a good thing for markets.
Sensible Stories
By , The Financial Times, 08/01/2008
MarketMinder's View: “Banning foreign takeovers may win populist acclaim, but American consumers should not thank their politicians for shielding their airlines from help from abroad.” Agreed. Protectionism in the sky is as useless and disruptive as protectionism on the ground.
Market Misperceptions
By , ClusterStock, 08/01/2008
MarketMinder's View: Sure, oil won’t save the market since oil and stocks aren’t correlated. But the fact prices are down a bit from historic highs doesn’t mean the global economy is collapsing. See our 7/30/2008 cover story, “Get Your Kicks on Route 66,” for more.
Market Misperceptions
By , Slate, 08/01/2008
MarketMinder's View: Apparently, “the latest government data shows the economy is contracting so quickly that a number of economists believe ‘that a recession began late last year.’” Funny, we thought government data showed the US economy has expanded thus far in 2008.
Sensible Stories
By , The Wall Street Journal, 08/01/2008
MarketMinder's View: The salient point here is how the US economy has shown once again how resilient and flexible it is, in spite of sometimes misguided government intervention.
Market Misperceptions
By , The Wall Street Journal, 08/01/2008
MarketMinder's View: The general gripe seems to be the “bailout” didn’t have enough regulation. That’s silly—wasn’t piling on more arbitrary regulation how Fannie and Freddie, otherwise well-capitalized, got in trouble in the first place? See our 7/24/2008 cover story “Mark It to Market,” for more.
Sensible Stories
By , Market Movers, 08/01/2008
MarketMinder's View: “In a world where GDP revisions made a full year after the time period in question can amount to a whole percentage point up or down, it’s a bit silly to get excited about whether any one reading managed to squeak below 0.” Good perspective.
Market Misperceptions
By , The Financial Times, 08/01/2008
MarketMinder's View: This confuses us a heck of a lot. The article seems to suggest we are growing too fast and should regulate our way to more lackluster growth. Seem irrational to anyone else?
Sensible Stories
By , The Wall Street Journal, 08/01/2008
MarketMinder's View: “We need to create a normal investment climate in our country…Our law-enforcement agencies and government authorities should stop causing nightmares for business.” Surprising words of wisdom from the USSR…err, Russia! Whether they’ll act on them is another matter.
Market Misperceptions
By , BBC News, 08/01/2008
MarketMinder's View: He’s at it again. When will he learn privatization and free markets are what drive growth, wealth, and prosperity?
Market Misperceptions
By , The New York Times, 08/01/2008
MarketMinder's View:
Excuse us but surely an improving economy doesn’t signal an impending recession?
Sensible Stories
By , VoxEU, 08/01/2008
MarketMinder's View: Doha may be dead, but it’s not the end of world trade liberalization. Instead, it’s a chance for capital markets to evolve to best suit the ever-changing and expanding global economy.
Market Misperceptions
By , The Independent, 08/01/2008
MarketMinder's View:
Corporations making record profits are already paying record taxes. Adding a stifling “windfall” tax on top of that is just plain silly—and will probably only increase consumer costs.
Market Misperceptions
By , The Independent, 08/01/2008
MarketMinder's View:
We’d prefer free trade and a free pony, but even without the free pony, free trade is still the better deal in aggregate for the world. “Fair trade” is just a short-cut for saying “the government butts in and messes everything up.”