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Market Misperceptions
By , Bloomberg, 10/31/2011

MarketMinder's View: “The schism partly reflects consumer ire with the government’s failure to reduce 9.1 percent unemployment or stem rising deficits.” Actually, this mostly has to do with the fact consumer confidence surveys are backward-looking and aren’t indicative of much of anything looking forward in the future.

Market Misperceptions
By , The New York Times, 10/31/2011

MarketMinder's View: As the ECB’s first president transitions out and Italy’s Mario Draghi takes the helm, we anticipate few changes at least in the near term. The two gentlemen have generally been in agreement on ECB policy, and we don’t anticipate a radical shift.

Market Misperceptions
By , Seeking Alpha, 10/31/2011

MarketMinder's View: Well, yes, a recession ahead is always possible. But this was no mere bump. Further, growth is always positive, not recessionary. And expectations broadly are for continued global growth into 2012.

Market Misperceptions
By , The Wall Street Journal, 10/31/2011

MarketMinder's View: It’s hard to figure how earnings this quarter can be seen as anything but positive.

Sensible Stories
By , Bloomberg, 10/31/2011

MarketMinder's View: Ignore the title, which implies the news was bad. “Business activity in the US expanded in October at about the same pace as in the prior month, a sign overseas demand and business investment will help keep the economy expanding.” Indeed.

Sensible Stories
By , Motley Fool, 10/31/2011

MarketMinder's View: We’d quibble with bits and pieces of this; however, this is spot on: “If we were so spectacularly unable to foresee the future of our public finances 10 years ago, why do pretend like we can see it today?” We can’t. Long-term forecasts of anything are fraught with peril.

Sensible Stories
By , The Street, 10/31/2011

MarketMinder's View: See our latest commentary on The Street.

Sensible Stories
By , Financial Times, 10/31/2011

MarketMinder's View: More on the eurozone bailout shuffle.

Sensible Stories
By , The American, 10/31/2011

MarketMinder's View: At a time when many worry about economic fallout from “income inequality,” it’s important to look at the facts. It seems, among other findings, there’s vast mobility among income groups, even over very short periods. Folks regularly move up and down.

Market Misperceptions
By , The New York Times, 10/28/2011

MarketMinder's View: Italy isn’t Greece. What Italy mostly needs is economic growth, and government reforms could aid that. But the two situations are not very comparable in terms of economic competitiveness, diversity, size or recent growth trends. Plus, Italy doesn’t have a spending problem on the magnitude of Greece’s, and Italy’s debt matures gradually over the next five to seven years.

Market Misperceptions
By , CBS Moneywatch, 10/28/2011

MarketMinder's View: This is great news. But it’s in no way impactful on a forward-looking basis. Rather, it comfirms the economy has been recovering. We think the economy keeps growing, which will lead to higher employment, but don’t ever confuse high unemployment as a hurdle to forward-looking growth.

Market Misperceptions
By , Reuters, 10/28/2011

MarketMinder's View: Actually, because the Fed has been extraordinarily accommodative in recent years, the much greater risk is higher inflation, though we still see that as a ways down the road. The economy still has ample slack to work through before inflation is likely to rise materially.

Market Misperceptions
By , The Wall Street Journal, 10/28/2011

MarketMinder's View: Actually, since consumers have been deleveraging for several years, the fact spending rose and incomes rose too—but less than forecast—isn’t particularly alarming.

Sensible Stories
By , The Wall Street Journal, 10/28/2011

MarketMinder's View: “Left on its own to grow and innovate, the US private economy is a remarkable engine of prosperity.” We couldn’t have said it better ourselves—and yet another argument against onerous government regulation.

Sensible Stories
By , Ludwig von Mises Institute, 10/28/2011

MarketMinder's View: Overall, innovations in trading technology provide more liquidity and more opportunities for price discovery. Government shouldn’t try to curtail flash trading any more than it should try to stop folks from trading online.

Sensible Stories
By , The New York Times, 10/28/2011

MarketMinder's View: More evidence the economy is stronger than many folks believe.

Market Misperceptions
By , Time, 10/27/2011

MarketMinder's View: Sure, those who’ve been waiting with baited breath for a bazooka-like announcement resolving Europe’s woes for better or worse may be disappointed. But their mistake is mostly their expectations. Fact is, in all likelihood a quick fix doesn’t exist, isn’t very necessary and probably isn’t especially desirable. So that the new plan doesn’t address all of Europe’s woes is, well, to be expected.

Market Misperceptions
By , Bloomberg, 10/27/2011

MarketMinder's View: Well, we’d quibble with nearly all of this—particularly the suggestion a lack of demand is making job creation difficult. Actually, job creation historically lags economic recovery—and as businesses continue to grow and become increasingly productive, they’ll likely increase payrolls. But the fact consumer spending is at all-time highs largely contradicts the suggestion there’s a catastrophic demand problem right now

Market Misperceptions
By , Bloomberg, 10/27/2011

MarketMinder's View: “Consumer confidence declined last week as Americans’ views of the economy sank to the lowest since the recession, highlighting the challenges facing the recovery.” Actually, we rather think it highlights the backward-looking, lagging nature of consumer confidence—particularly in the face of a positive GDP reading today and consumer spending at all-time highs.

Sensible Stories
By , The Wall Street Journal, 10/27/2011

MarketMinder's View: The US economy logged its ninth straight quarter of GDP growth—and sequentially accelerated in both Q2 and Q3. That seems to stand in stark contrast to prevalent dour economic sentiment. For more, see our 10/21/2011 cover story, “A Preponderance of the Evidence: Growth.

Sensible Stories
By , Carpe Diem, 10/27/2011

MarketMinder's View: A solid example of demand creation by the supply side.

Sensible Stories
By , The Wall Street Journal, 10/27/2011

MarketMinder's View: Now here’s something of a shock: Regulators acknowledging onerous regulation can hamper smaller businesses from a compliance-cost perspective and are consequently actually paring regulation back!

Sensible Stories
By , Forbes, 10/27/2011

MarketMinder's View: The eurozone continues to make progress—and though the measures announced today aren’t terribly surprising (nor the last that will likely be necessary), they seem mostly another step in the right direction.

Sensible Stories
By , The Wall Street Journal, 10/27/2011

MarketMinder's View: The good news: The US still ranks fourth in the World Bank’s annual “Doing Business” report on the ease of doing business. But as this article highlights, there’s clearly room for improvement in areas like regulation, taxes, trade and more. To compete in a world largely becoming more business friendly (policy makers in 163 countries have made business-friendly changes in the last six years), the US needs to keep pace.

Sensible Stories
By , Cafe Hayek, 10/27/2011

MarketMinder's View: “Why do the people who advocate increasing government spending right now in large amounts act as if there is a free lunch—that aggregate demand will go up by the amount of the spending as if economic activity will go up by the amount of the spending or even more?” We agree—in general, the private sector likely spends dollars much more efficiently than government, so the efficacy of attempts to boost “aggregate demand” by increasing government spending is doubtful at best.

Market Misperceptions
By , EU Business, 10/26/2011

MarketMinder's View: The Chancellor’s strong resolve to keep the eurozone intact seems quite clearly illustrated here, though, in our view, the urgency of today’s summit is overstated. Perhaps the rhetoric was necessary to get the Bundestag to support the broad outline for an expanded EFSF—which it did, 503 votes to 89—but eurozone officials’ self-imposed deadline seems arbitrary and economically meaningless. For more, see today’s cover story, “When News Isn’t Really New.”

Market Misperceptions
By , Associated Press, 10/26/2011

MarketMinder's View: Well, we don’t think October’s confidence numbers are very predictive of either capital markets’ or consumers’ future behavior. Low consumer confidence didn’t stop stocks from rallying from March 2009, and this year’s dwindling confidence hasn’t stopped retail sales or consumer spending from logging new highs. For more, see our 10/20/2011 commentary on The Street, “The Global Economy Is Stronger Than You Think.”

Market Misperceptions
By , The New York Times, 10/26/2011

MarketMinder's View: It’s true Ireland isn’t out of the woods, but the improvements there aren’t fictional. Plus, using credit default swap prices to gauge “reality” there seems off—the CDS market is thinly traded and hugely volatile, and it’s been well documented European CDS markets aren’t the best reflection of credit risk as a result.

Market Misperceptions
By , The New York Times, 10/26/2011

MarketMinder's View: Indeed, consumer spending is by far the largest component of GDP. But ignoring the contribution of business spending and investment is quite a fallacy indeed. The recent recession illustrates this well: Consumer spending dipped a bit but stayed quite resilient (as it normally does in recession). Business investment fell orders of magnitude further, which was a major contributor to the recession’s depth. Moreover, this article is far too dismissive of supply-side economics in its bent. In our view, removing some headwinds to business growth would be an entirely sensible way to promote continued growth overall.

Market Misperceptions
By , Central News Agency, 10/26/2011

MarketMinder's View: We’d argue that conclusion’s quite premature. The Economic Cooperation Framework Agreement (not quite an FTA, but close) doesn’t take full effect until 2013, and many factors—like, perhaps, slower growth on the mainland—could be influencing Taiwan-to-China export growth. All in all, it’s too early to say this trade agreement isn’t benefiting Taiwan as much as expected.

Sensible Stories
By , The Wall Street Journal, 10/26/2011

MarketMinder's View: Trade is getting freer around the Pacific, but the US has yet to join the party—no new American free trade agreements (FTAs) have been inked since 2007 (the South Korean FTA that recently passed Congress). Asian nations want to trade freely with us, and granting that wish is a potential positive for all involved. For more, see our 10/17/2011 cover story, “Racing Towards Zero.”

Sensible Stories
By , BBC News, 10/26/2011

MarketMinder's View: This deal is the first executed contract to export US liquefied natural gas (LNG) extracted from shale. Only a few years ago, it was widely assumed the US would grow ever more dependent on foreign energy sources—in fact, the terminal cited here was constructed to receive imported LNG. But technological advances have upended that. A real-world example of why very long-term forecasts can be very problematic—they simply cannot account for supply-side innovation and change.

Sensible Stories
By , The Motley Fool, 10/26/2011

MarketMinder's View: With a few simple, rock-solid facts, this piece swiftly debunks some popular, misguided notions. Chinese goods don’t, in fact, dominate the US, China doesn’t own most of our outstanding government debt and the US doesn’t wholly depend on Middle Eastern oil. Don’t trust broad generalizations—let the numbers tell the story instead.

Sensible Stories
By , EU Business, 10/26/2011

MarketMinder's View: Part of the “grand plan” for the eurozone is taking shape: It appears banks’ Tier 1 capital ratios will be boosted to 9%, and a €108 billion recapitalization fund will likely be available for banks in need.

Market Misperceptions
By , Reuters, 10/25/2011

MarketMinder's View: Thus far, Chinese economic data don’t reflect a crash. In fact, Q3 real GDP growth was just reported at a big 9.1% year over year. While many fear a hard landing, any growth deceleration seems more likely to be a part of a planned deceleration tied to the government’s use of loan quotas. For more, see our 10/19/2011 cover story, “No Chinese Hard Landing.”

Market Misperceptions
By , Reuters, 10/25/2011

MarketMinder's View: Much was made ahead of S&P’s US downgrade—but it had very little actual impact on debt rates. In fact, they’ve fallen—the opposite of what you’d expect if the market deemed the US more of a risk now. We continue to wonder why folks still pay much heed to the ratings agencies anyway.

Market Misperceptions
By , The Globe and Mail, 10/25/2011

MarketMinder's View: European politicians generally—not just Berlusconi—have faced a difficult road getting austerity measures enacted. However, most have shown the fortitude to see them through. We can’t say if Berlusconi survives this confidence vote—but he has proven remarkably resilient in the past.

Market Misperceptions
By , Associated Press, 10/25/2011

MarketMinder's View: We’ve oft said it (but it bears repeating)—consumer confidence is a backward-looking indicator at best that presages little about the future direction of markets or the economy.

Sensible Stories
By , The Wall Street Journal, 10/25/2011

MarketMinder's View: The fallacy of making long-term forecasts, nicely demonstrated. It is very difficult to forecast the vast benefit future innovations will have on society. It also flies in the face of history (as well as the understanding of human nature and the huge incentive of future profits) to believe we won’t see future, life-improving innovations.

Sensible Stories
By , Taiwan News , 10/25/2011

MarketMinder's View: The torrent of new free trade deals continues, as countries worldwide have begun to loosen trade restraints. This latest deal and another with New Zealand, if enacted, would be additional positive developments, in our view. For more, see our 10/17/2011 cover story, “Racing Towards Zero.”

Sensible Stories
By , Dow Jones Newswires, 10/25/2011

MarketMinder's View: Italian politicians and regulators continue to show their commitment to meeting fiscal targets and making their economy more competitive. For more, see our 09/30/2011 cover story, “Easing On Down the Eurozone Road.”

Sensible Stories
By , Bloomberg, 10/25/2011

MarketMinder's View: The very definition of a "black swan" is an extraordinarily unusual, unpredictable event. So how are we supposed to prepare for them? Natural disasters and market crashes can be severe with major repercussions, but these aren’t black swan events. They happen—quite a lot in history, actually. For more, see our 10/11/2011 column, “It’s (Not Really Much) Different This Time.

Market Misperceptions
By , Telegraph, 10/24/2011

MarketMinder's View: Yes, the euro dramatically and suddenly ending would be bad. But eurozone leaders have a great deal of political and financial capital invested in maintaining the common currency, and a sudden collapse is highly unlikely. In fact, many of the recent developments are positive steps toward maintaining the currency union.    

Market Misperceptions
By , Bloomberg, 10/24/2011

MarketMinder's View: Never mind for a moment this is a discussion of a survey which may or may not match reality. Just consider: It’s the “weakest since 2010.” A year ago? And what happened in 2010? While it may not have been a huge employment surge, hiring happened—as did economic growth. And that seems poised to continue

Market Misperceptions
By , The New York Times, 10/24/2011

MarketMinder's View: Since the wheel was invented, people have been “losing jobs” due to machines. Fact is, technological advance may cause some dislocations in the very short term, but in the long term, greater productivity reaps enormous rewards—and is a force likely to create even more jobs than it destroys.

Market Misperceptions
By , The Wall Street Journal, 10/24/2011

MarketMinder's View: We’re highly skeptical of mathematical efforts seeking to target potential (or “shoulda-been”) GDP. Especially government-issued estimates.

Sensible Stories
By , The New York Times, 10/24/2011

MarketMinder's View: This is an interesting take on the gap between sentiment and reality. In our view, being a contrarian simply to be a contrarian is misguided. What matters most is how data relate to reality. In this case, overwhelmingly dour sentiment is overshadowing economic and fundamental data pointing to continued growth ahead. So taking a view contrary to prevailing sentiment is likely correct—and potentially rewarding.

Sensible Stories
By , The Wall Street Journal, 10/24/2011

MarketMinder's View: China’s manufacturing sector grew—and at an accelerating pace—despite their many measures seeking to cool inflation (and hence, growth). Another piece of evidence showing a Chinese hard landing isn’t likely. For more, see our 10/19/2011 cover story, “No Chinese Hard Landing.”

Sensible Stories
By , Associated Press, 10/24/2011

MarketMinder's View:  More news indicating Japan’s recovery from the March 11 earthquake continues.

Sensible Stories
By , Bloomberg, 10/24/2011

MarketMinder's View:  This weekend’s EU summit closed with another delay of eurozone leaders’ “grand plan.” From some accounts, it appears slow progress was made. But all in all, this seems like another example of eurozone leaders taking a slow approach—and that political deadlines are mostly fungible. And it doesn’t seem markets were taken aback by the delay. For more, see our 10/18/2011 cover story, “Don’t Bank on the Big Bang.”

Market Misperceptions
By , Bloomberg, 10/21/2011

MarketMinder's View: Month-to-month numbers like this tend to fluctuate quite a bit. What matters more is that, overall in the past 12 months, there were jobs gains in 47 states—which is largely downplayed in the media. 

Sensible Stories
By , The Street, 10/21/2011

MarketMinder's View: Our latest contribution to The Street.

Market Misperceptions
By , Bloomberg Businessweek, 10/21/2011

MarketMinder's View: “Because of waning productivity, the US economy may reach $17 trillion in size by 2016, vs. the $19.3 trillion projected earlier.” Well, first, making projections that far out is fraught with peril. Second, productivity fell from a very high level—and this is what normally happens at this stage in a recovery. Further, falling productivity is normally a precursor to more hiring. If your staff is maxed out, it’s time to hire.

Market Misperceptions
By , The Wall Street Journal, 10/21/2011

MarketMinder's View: Manipulating prices in any way leads to further disruptions. And it’s one more way California becomes less competitive for businesses. For more, see our 06/04/2008 cover story, “Cap and Trade, or Shuck and Jive?

Sensible Stories
By , Carpe Diem, 10/21/2011

MarketMinder's View: More data supporting continued economic growth.

Sensible Stories
By , The Wall Street Journal, 10/21/2011

MarketMinder's View: Hardly unexpected. This has been the MO since bailout talks began—a plan is floated, folks disagree, they talk about it and make some progress. Then, a plan for the next incremental step is floated, folks disagree, etc. For more, see our 10/20/2011 cover story, “From the Eurozone Department.”  

Market Misperceptions
By , The Independent, 10/20/2011

MarketMinder's View: Well, we rather disagree this legislation is a great idea and suspect it’s mostly feckless—with possible incremental negative unintended consequences. For more, see today’s cover story, “From the Eurozone Department.

Market Misperceptions
By , New York Times, 10/20/2011

MarketMinder's View: Actually, legislation like Sarbanes-Oxley likely hampers small business start-ups because of the onerous compliance costs it implies. While there are clear benefits to legislation aimed at protecting investors and customers from fraudulent companies, we’d suggest there are better ways to achieve that goal—and likely with fewer unintended consequences.

Market Misperceptions
By , The Wall Street Journal, 10/20/2011

MarketMinder's View: As we’ve said before, the housing market actually plays a fairly small role in overall economic performance. While undoubtedly painful for some, it’s unlikely fixing the housing market is the silver bullet many seemingly presume. Moreover, government attempts to “clean up” a mess often result in either a more lasting issue or a broadening problem. Letting the market sort out the housing market’s issues may not be politically popular, but it’s the right course of action, in our view.

Market Misperceptions
By , Bloomberg, 10/20/2011

MarketMinder's View: Consumers may say they feel gloomy, but their recent spending habits largely indicate the opposite. For more, see our YouTube video, “US Economic Update.”

Market Misperceptions
By , New York Times, 10/20/2011

MarketMinder's View: We’d actually argue the opposite—that it was precisely regulation (ahem, FAS 157) that triggered 2008’s financial crisis, unbeknownst to those who instituted it. For more, see our 05/16/2011 cover story, “Marking to Footnote.

By , Spiegel, 10/20/2011

MarketMinder's View: This is a straightforward discussion of the eurozone’s most recent plan to possibly leverage the EFSF. For more, see today’s cover story, “From the Eurozone Department.

Sensible Stories
By , The Wall Street Journal, 10/20/2011

MarketMinder's View: More good news from the Emerald Isle as they continue progressing toward sounder economic footing.

Sensible Stories
By , Carpe Diem, 10/20/2011

MarketMinder's View: “More than 300 new jobs have already come to the Steubenville area. And as many as 10,000 more are expected in the next three years. If jobs keep growing at this pace, every adult in Steubenville could be working by April.” Now that’s a jobs plan we could get behind!

Sensible Stories
By , TheStreet, 10/20/2011

MarketMinder's View: The latest contribution from our editorial staff to TheStreet.

Sensible Stories
By , Bloomberg, 10/20/2011

MarketMinder's View: “The Federal Reserve Bank of Philadelphia’s general economic index increased to 8.7 from minus 17.5 last month, the biggest one-month rebound in 31 years.” And more evidence the economic situation in the US isn’t as disastrous as many claim.

Sensible Stories
By , Pittsburgh Tribune-Review, 10/20/2011

MarketMinder's View: An excellent economic explanation of free trade and its long-term impact (or lack thereof) on unemployment.

Market Misperceptions
By , EU Business, 10/19/2011

MarketMinder's View: Eurozone officials’ October 23 deadline for a debt restructuring plan seems mostly political. Economically, nothing really changes on that date. Thus, if an agreement isn’t reached at this weekend’s summit, in our view it needn’t be cause for panic—officials have taken three steps forward, two steps back since the eurozone periphery’s troubles began. For more, see our 10/18/2011 cover story, “Don’t Bank on the Big Bang.”

Market Misperceptions
By , The New York Times, 10/19/2011

MarketMinder's View: No doubt, sentiment is low, and some people are experiencing true financial difficulties. But a wealth of stronger-than-expected economic data suggests sentiment is detached from reality. In fact, despite consumers’ gloom, retail sales notched a new high in September. Watch what people do, not what they say. For more, see our 10/17/2011 Research Analysis, “US Economic Update.”

Market Misperceptions
By , Bloomberg, 10/19/2011

MarketMinder's View: Productivity ebbing and flowing isn’t unusual. Large recession-necessitated productivity gains often slow as growth continues. Moreover, contrary to the article’s assertion, this is one factor that often leads to increased, not decreased, hiring. 

Market Misperceptions
By , The Telegraph, 10/19/2011

MarketMinder's View: This brings Moody’s in line with Fitch and S&P, both of which downgraded Spain earlier this month. All three downgrades were based on widely known information, and we’d argue they change the situation at large little. 

Sensible Stories
By , BBC News, 10/19/2011

MarketMinder's View: The eastern bloc grabs the baton in the race for freer trade globally. For more, see our 10/17/2011 cover story, “Racing Toward Zero.”

Sensible Stories
By , Bloomberg News, 10/19/2011

MarketMinder's View: China’s economy slowed a bit in Q3, which seems a normal—and likely planned—deceleration in the year before a government transition. For more, see our 10/19/2011 cover story, “No Chinese Hard Landing.”

Sensible Stories
By , Central News Agency, 10/19/2011

MarketMinder's View: Taiwan raised revenues the sensible way: Increased economic growth led to higher corporate receipts. Once again, a country needn’t raise rates to raise revenue.

Sensible Stories
By , CNBC, 10/19/2011

MarketMinder's View: As this piece explains, it’s in no small measure because Greece has Europe’s lowest labor participation, productivity nearly one-third lower than the EU average, a bloated bureaucracy and a heavy-handed government. Sustained long-term growth will require substantial structural reforms to foster competitiveness.

Sensible Stories
By , Spiegel, 10/19/2011

MarketMinder's View: A detailed, objective look at the different solutions eurozone leaders are debating.

Sensible Stories
By , The Wall Street Journal, 10/19/2011

MarketMinder's View: High-frequency trading has stirred quite the debate on both sides of the Atlantic in recent months. However, an investigation into sharp volatility this past summer in Germany showed little negative impact from such tools.

Market Misperceptions
By , MSN Money, 10/18/2011

MarketMinder's View: Although China’s growth slowed, it still clocked in at a very robust 9.1%, which should allay any fear of a hard landing. Moreover, Fisher Investments research shows loan growth, a primary driver of China’s economic engine, should reaccelerate in 2012.

Market Misperceptions
By , EU Business, 10/18/2011

MarketMinder's View: We applaud Canadian and EU politicians who have taken up the banner of free trade. The proposed Canada-EU pact follows a larger trend of free trade initiatives unfolding around the world and if enacted, would be another positive development, in our view. For more, see our 10/17/2011 cover story, “Racing Towards Zero.”

Market Misperceptions
By , Washington Post, 10/18/2011

MarketMinder's View: Investor confidence, German or otherwise, is backward-looking and says little about the future direction of the economy or markets.

Market Misperceptions
By , Christian Science Monitor, 10/18/2011

MarketMinder's View: And likely, it has the same impact the S&P downgrade had on the US—very little. We continue to wonder why folks pay much heed to the rating agencies anyway.

Sensible Stories
By , The Wall Street Journal, 10/18/2011

MarketMinder's View: Ireland is by no means out of the woods, but it certainly has some key features in its favor—like being a very competitive place for businesses to domicile, thanks to its low corporate tax rate. For more, see our 9/20/2011 cover story, “Eyeing Ireland.”

Sensible Stories
By , The Wall Street Journal, 10/18/2011

MarketMinder's View: Portuguese politicians are showing the political will to do what’s necessary to return the country to a more sustainable path. For more, see our 09/26/2011 cover story, “Easing On Down the Eurozone Road.” 

Sensible Stories
By , New York Times, 10/18/2011

MarketMinder's View: Although some loan data remain weak, there is evidence loan demand is increasing.

Sensible Stories
By , The Wall Street Journal, 10/17/2011

MarketMinder's View: More competition in the credit ratings industry would be a plus. Only problem is, in order for that new competition to truly gain a foothold, regulatory reform removing reference to the current three is likely required. If not, new competitors face a steep uphill road.

Sensible Stories
By , The Wall Street Journal, 10/17/2011

MarketMinder's View:  This should come as highly unsurprising news to anyone who’s followed eurozone leaders’ statements in recent months—just another example of taking two steps forward and then one back. Eurozone leaders attempting to lower expectations for their plan to plan a plan at the next summit follows nearly exactly the same course as previous discussions.

Sensible Stories
By , Bloomberg, 10/17/2011

MarketMinder's View: Increasing US demand led to yet another uptick in industrial production—another datapoint showing continued economic growth.

Sensible Stories
By , Associated Press, 10/17/2011

MarketMinder's View:  Yep, consumers are buying—and they’re not just buying the necessities.

Market Misperceptions
By , The Wall Street Journal, 10/17/2011

MarketMinder's View: “If there is one lesson from Japan—or the Great Depression, for that matter—it's that it ain't over when you think it's over. The US economy is going nowhere fast.” Well, we’d quibble with nearly all of this. The US economy has grown for two years, and recent data point to that likely continuing. To say comparisons between now and Japan’s Lost Decade or the Great Depression are highly overblown is being mild.

Market Misperceptions
By , MarketWatch, 10/17/2011

MarketMinder's View: True, unemployment isn’t rosy. But it’s a late-lagging indicator—meaning unemployment is symptomatic of past economic weakness, not current. Thus, unemployment is a good way of knowing what economic conditions were long ago, but they’re not helpful in determining the present or future of the economy. For more, see our 10/10/2011 cover story, “A Vicious Cycle?

Market Misperceptions
By , The Wall Street Journal, 10/17/2011

MarketMinder's View: There is some good in this article, but it misses the central point: Using past performance to gauge a forward-looking decision to hold, sell or buy a stock is a mistake. Stocks aren’t serially correlated, so a stock’s recent performance is irrelevant to the future. And that’s true whether past performance is good or bad.

Market Misperceptions
By , The Telegraph, 10/17/2011

MarketMinder's View: Long-range forecasts—like the projection Europe faces a lost decade—are folly. No one can forecast economic innovations and conditions a decade out with any measure of accuracy.

Market Misperceptions
By , The Wall Street Journal, 10/14/2011

MarketMinder's View: Well, we’ve never seen an accepted definition of “flash recession.” And the US doesn’t publish monthly GDP, so we’re skeptical of how the data here were compiled. But at an even broader level, how economic reacceleration can be viewed negatively is a head scratcher. Similarly, saying economic volatility is somehow different this time is a strange claim—it’s occurred in literally every expansion on record.

Market Misperceptions
By , The Wall Street Journal, 10/14/2011

MarketMinder's View: Using the median income as a measure of income growth in the US has serious flaws, considering the movement among income brackets that typically takes place—even just as folks get older and more experienced. But above all else, the thing that strikes us as most off base here is the projection of no recovery through 2021. Would you have forecast that the market for mobile apps would create thousands of jobs 10 years ago? Long-range forecasts like this should be disregarded.

Market Misperceptions
By , Bloomberg, 10/14/2011

MarketMinder's View: We’re still scratching our heads and wondering why anyone pays much attention to the credit raters. For more, see our managing editor Lara Hoffmans’ Forbes article, “S&P Temper Tantrum.”

Market Misperceptions
By , The Washington Post, 10/14/2011

MarketMinder's View: The simple math of recession is, growth is growth, not recession. And yes, we’d all prefer faster growth, but slow growth still isn’t a recession.

Sensible Stories
By , Bloomberg, 10/14/2011

MarketMinder's View: We don’t see eye to eye with everything in this article, but the primary thrust—that protectionism is a bad idea for both the US and global economy—is quite sensible indeed. Fortunately, the recent round of China-bashing seems to be mere vote (and campaign cash) gathering. For more, see today’s cover story, “Seeing the Forest and the Trees on Trade.”

Sensible Stories
By , The New York Times, 10/14/2011

MarketMinder's View: There are many examples one could cite of regulation that’s internally contradictory—take Dodd-Frank for example, which contains two separate clauses targeting credit rating agency reform. Those two clauses actually contradict one another, which illustrates the point. Regulation should be balanced and set forth even-handed guidelines, but, all too often, we get rules that are inherently conflicting—or serve no one at all.

Sensible Stories
By , MSN Money, 10/14/2011

MarketMinder's View: Watch what people do, not what they say. Despite low consumer sentiment results, consumers continue to spend—a far better indicator of economic health in our view.

Sensible Stories
By , Bloomberg, 10/14/2011

MarketMinder's View: European leaders have been huddling in recent days, and details of their plan are beginning to emerge. There’s likely no silver bullet that immediately eliminates issues in the periphery—especially Greece. But there is a lot eurozone leaders can do to greatly mitigate the impact of problems. This is a story to watch as details continue to be unveiled.

Market Misperceptions
By , Bloomberg, 10/13/2011

MarketMinder's View: Actually, we’d argue there’s not much economic evidence an income or wealth gap is problematic. Consider: Overall, people have become better off over time even as the wealth gap has widened. For more, see our 9/29/2011 column on Real Clear Markets.

Market Misperceptions
By , New York Times, 10/13/2011

MarketMinder's View: Actually, consumers seem to mostly be doing fine, despite a still sluggish housing market. In our view, given it’s not a particularly big part of the economy, housing likely isn’t the economic drag many assume. For more, see our 08/23/2011 research column, “A Discussion on Consumer Credit Trends.

Market Misperceptions
By , The Street, 10/13/2011

MarketMinder's View: Tell that to America’s port workers. Or those employed by subsidiaries of foreign companies. Or retailers that sell foreign goods. Or truckers and railroad employees who transport them. Or or or. Fact is, it’s not so much the trade balance that matters, but the overall level of trade—and more trade typically means more jobs.

Market Misperceptions
By , Christian Science Monitor, 10/13/2011

MarketMinder's View: We don’t have space to debate these one by one, but suffice it to say we’d quibble with just about all of them. Overall and on average, lower taxes and smaller, less intrusive government make for a freer market, which typically makes for an overall more prosperous society. 

Sensible Stories
By , Bloomberg, 10/13/2011

MarketMinder's View: As we suspected, Slovakia’s initial failure to pass the EFSF extension was more about political gamesmanship than its level of eurozone support. For more, see today’s cover story, “Slovakia and Beyond.

Sensible Stories
By , The Guardian, 10/13/2011

MarketMinder's View: UK exports grew fairly strongly—more data indicating the global economic picture isn’t quite so grim as many presume.

Sensible Stories
By , Carpe Diem, 10/13/2011

MarketMinder's View: One of the enormous benefits of innovation is the growth in ancillary industries—in this case, Pennsylvania’s natural gas boom is driving increased steel demand, worker demand for various services and much more. 

Sensible Stories
By , The Wall Street Journal, 10/13/2011

MarketMinder's View: And one step closer to finalizing trade agreements “expected to generate $13 billion in new exports”—a positive for all involved parties any way you slice it. For more, see our 10/04/2011 cover story, “Freeing Trade.

Market Misperceptions
By , EU Business, 10/12/2011

MarketMinder's View: This initial rejection was widely expected, and it shouldn’t lessen the likelihood of Slovakia ratifying the EFSF expansion. The main opposition party abstained from the vote in order to force a Slovak government reshuffle, but it seems even they support the expanded EFSF in principle, and they’ve said they will vote in favor when the measure is put back before Parliament.

Market Misperceptions
By , The Wall Street Journal, 10/12/2011

MarketMinder's View: It’s disappointing to see the Senate vote in favor of protectionism. Thankfully, this still has little chance of becoming law and seems mostly like political cover while lawmakers proceed on free trade agreements with Korea, Colombia and Panama. For more, see our 10/6/2011 commentary on The Street, “US Moves Forward on Free Trade.”

Market Misperceptions
By , Financial Times, 10/12/2011

MarketMinder's View: The report in question estimates Britain’s economy grew 0.5% in Q3—slow, yes, but an improvement over Q2’s 0.1%. It’s difficult to see how an expected acceleration would signal a stall.

Market Misperceptions
By , BBC News, 10/12/2011

MarketMinder's View: Like recent downgrades of French and British banks, these moves were based on already widely known information and likely don’t much alter the eurozone’s present course.

Sensible Stories
By , The Wall Street Journal, 10/12/2011

MarketMinder's View: Both houses of Congress are making progress on the free trade agreements with South Korea, Colombia and Panama—votes on all three, along with the Trade Adjustment Assistance program, seem likely this week.

Sensible Stories
By , Bloomberg, 10/12/2011

MarketMinder's View: Two gauges of US manufacturing gave strong readings in September. Add those to a recent spate of positive data, and an economic pullback seems increasingly unlikely.

Sensible Stories
By , Associated Press, 10/12/2011

MarketMinder's View: Europe’s long-term solution for its periphery’s debt troubles is slowly taking shape. For more, see our 10/11/2011 cover story, “Planfully Planning a Plan.”

Sensible Stories
By , Taiwan News, 10/12/2011

MarketMinder's View: A Pacific-region free trade zone—spearheaded by the US—would be beneficial for all participating nations. This deal, still in the negotiation phase, is far from done. But it’s an interesting story that bears watching—and whether Japan bows to protectionist interests or agrees to open its markets is particularly noteworthy.

Market Misperceptions
By , CNNMoney, 10/11/2011

MarketMinder's View: We don’t disagree there could be a trade war. You can’t have one-sided tariffs—China would respond in kind. However, in our view, it’s unlikely this bill becomes law. Rather, it serves as convenient political cover for finally passing long-stalled free-trade agreements with Colombia, Panama and South Korea. For more, see our 10/04/2011 cover story, “Freeing Trade.”

Market Misperceptions
By , International Business Times, 10/11/2011

MarketMinder's View: When it comes to sentiment, among other things, it’s important to watch what people do and not what they say. And right now, personal consumption and firm revenues are near all time highs—showing consumers aren’t acting as dour as they may say they feel.

Market Misperceptions
By , Reuters, 10/11/2011

MarketMinder's View: Actually, there’s ample evidence China has very well avoided a hard landing. Inflation is high there, but they seem to be managing it through loan quotas, and their growth, though a bit slower, continues to be robust.

Market Misperceptions
By , The Guardian, 10/11/2011

MarketMinder's View: There are a number of errors in this analysis. Perhaps most important, the analysis supposes the EFSF uncertainty won’t be resolved in short order and all of the PIIGS are in the same fiscal boat. We’ve detailed our thoughts on this in our 09/26/2011 cover story, “Differentiating Europe’s Periphery.”

Sensible Stories
By , EU Business, 10/11/2011

MarketMinder's View: Slovakia remains the last of 17 countries to ratify the July EFSF expansion. As with the other eurozone countries, we expect some politicking to occur before the country eventually approves the expansion. For more, see today’s cover story, “Planfully Planning a Plan.”

Sensible Stories
By , MarketWatch, 10/11/2011

MarketMinder's View: Eurozone leaders have committed to backstopping the euro. And although Greece failed to meet some key austerity measures, the “troika” agreed to disburse a much-needed €8.5 billion tranche of aid by mid-November. For more, see our 09/30/2011 cover story, “Easing On Down the Eurozone Road.”

Sensible Stories
By , Café Hayek, 10/11/2011

MarketMinder's View: Professor Boudreaux undresses the argument that the US’s large trade deficit plays a role in keeping unemployment high. For more, see our 09/09/2011 cover story, “Trade Deficit Trifles.”

Sensible Stories
By , Seeking Alpha, 10/11/2011

MarketMinder's View: That freight and shipping indexes continue to reflect strong and ongoing growth is more evidence the economy likely isn’t in the dire straits many presume.

Market Misperceptions
By , The Independent, 10/10/2011

MarketMinder's View: Except, this doesn’t explain why unemployment remains north of 9%, but consumer spending has risen to an all-time high. For more, see today’s cover story, “A Vicious Cycle?

 

Market Misperceptions
By , The Globe and Mail, 10/10/2011

MarketMinder's View:  An interesting anecdote about sentiment, but keep in mind, anecdotes aren’t very scientific, nor is sentiment a good, forward-looking indicator of aggregate demand. Another way to think about that is a famous guy once said, “Be fearful when others are greedy, and greedy when they’re fearful.” There’s a lot of fear in the world today.

Market Misperceptions
By , The Wall Street Journal, 10/10/2011

MarketMinder's View: Spurts of increased volatility, though hard to live through, are normal. They happen occasionally, should be expected, and aren’t on their own predictive of future market direction.

Sensible Stories
By , The Independent, 10/10/2011

MarketMinder's View: Nor is it a recession. What we have are some slower growth rates for a couple of quarters across bigger developed countries. Overall the world continues to grow, and ongoing growth is expected.

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

MarketMinder's View:  “Protectionists simply cannot be taken seriously as long as they stubbornly cling to the inexcusably backwards myth that a rising US trade deficit is a symptom of the failure of freer trade.” What matters most is the total trade, which is rising.

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

MarketMinder's View: We don’t think euro debt fears are done—not by a long shot. But it does appear Germany and France are getting serious about finalizing bailout package details. We’ll likely see more ongoing politicking, but in our view, eurozone members have strong incentives to maintain the union for now.

Market Misperceptions
By , CNBC, 10/07/2011

MarketMinder's View: To get a depression, you have to have a recession first. We’ve had eight consecutive quarters of growth—sometimes faster, sometimes slower—but still growth. And expectations broadly are for continued growth. Even slow growth is still growth, not a recession; hence, not a depression.

Market Misperceptions
By , CNN Money, 10/07/2011

MarketMinder's View: This article encourages Congress to “do something” to fix our economy. We disagree. We rather prefer (as do markets) when Congress does less and allows free markets to work with fewer barriers.

Market Misperceptions
By , The Wall Street Journal, 10/07/2011

MarketMinder's View: We too wish there were fewer arbitrary rules on capital—and that the rules wouldn’t change so often. However, Basel III was nowhere near as onerous as feared, and many of the rules take years to be fully implemented, giving banks (and the market) time to adjust.

Market Misperceptions
By , Associated Press, 10/07/2011

MarketMinder's View: In the credit ratings agencies’ typical late-to-the-party fashion, Fitch has downgraded both Italy and Spain’s debt ratings. There’s nothing new here markets weren’t already fully aware of.

Sensible Stories
By , The Wall Street Journal, 10/07/2011

MarketMinder's View: So long to one of the great ones and a leading light in the PC revolution. But Mr. Jobs’s influence went well beyond the companies he founded. The competition he provided made the Tech industry what it is today, but it also impacts how business is done today in America. (Not to mention movies, music, etc.) See today’s cover story, “On Steve Jobs and Capitalism.”

Sensible Stories
By , The Wall Street Journal, 10/07/2011

MarketMinder's View: Note to the other PIIGS (and heck, the rest of the eurozone): Ireland’s refusal to raise its corporate tax makes it a competitive place to do business. Not a bad way to get your country on the path to faster growth.

Sensible Stories
By , The Globe and Mail, 10/07/2011

MarketMinder's View: All part of the politicking we’ve seen in this debate. But eurozone leaders continue to show their willingness to maintain the union, even if they have to bluster and drag their feet to curry political favor at home.

Sensible Stories
By , The New York Times, 10/07/2011

MarketMinder's View: Jobs were added, and the unemployment rate stayed the same. Perfectly normal since the unemployment rate measures job seekers, not the total number of unemployed relative to total available job pool. For more, see our research column, “An Employment Snapshot,” and our 09/24/2010 cover story, “Reading Between the Unemployment Lines.

Market Misperceptions
By , The Wall Street Journal, 10/06/2011

MarketMinder's View: We’re always a bit skeptical of “conventional wisdom.” But this article really isn’t debunking myths—instead, it perpetuates perhaps the greatest myth of all: “It’s different this time.” Fact is, it’s not much different this time—markets have proven resilient through the course of history, and the chances that’s actually different this time are slim.

Market Misperceptions
By , Bloomberg, 10/06/2011

MarketMinder's View: We agree the US could do with less regulation, which probably does increase uncertainty in some ways. But there’s never certainty in markets or economics—it’s always the realm of probability. Moreover, the index constructed here uses what, in our view, are highly bizarre metrics—like media mentions of “uncertainty.” Newspapers in 1999 broadly reported Y2K would take down computer systems—was that reality?

Market Misperceptions
By , Bloomberg, 10/06/2011

MarketMinder's View: We have a different suggestion: Radically simplify tax codes and there won’t be any need for further regulation, which we’d argue likely only complicates things more, increases business costs and ultimately has a fairly small impact.

Market Misperceptions
By , Christian Science Monitor, 10/06/2011

MarketMinder's View: Well, we’d quibble with most of this. Actually, banks seem better capitalized than they were at the time of 2008’s financial crisis. And, as other eurozone news today illustrates, global leaders are taking the steps necessary to continue supporting economies and financial institutions—all likely making the chances of a global contagion fairly low.

Sensible Stories
By , The Wall Street Journal, 10/06/2011

MarketMinder's View: “The current economic malaise has made Americans doubt our ability to grow and prosper as the country always has. As long as we remember that the source of that prosperity comes not from government managers but from restless, relentless individuals like Steve Jobs, we will.”

Sensible Stories
By , The Street, 10/06/2011

MarketMinder's View: Our latest, available on The Street.

Sensible Stories
By , The Wall Street Journal, 10/06/2011

MarketMinder's View: “President Jean-Claude Trichet, chairing his final press conference at the end of eight years at the helm of the ECB, said the bank would restart its buying of covered bank bonds in November, and would hold two separate tenders of year-long refinancing to eurozone banks.” For more on recent eurozone finance officials’ moves, see our 10/05/2011 cover story, “Rhetorical Recapitalization.

Sensible Stories
By , Café Hayek, 10/06/2011

MarketMinder's View: The trade deficit is not the scourge many seem to believe, for the reasons eloquently outlined here.

Sensible Stories
By , The New York Times, 10/06/2011

MarketMinder's View: More expansionary US economic data.

Market Misperceptions
By , The Telegraph, 10/05/2011

MarketMinder's View: Though Italy certainly faces challenges, Moody’s downgrade was long expected, based on widely known information and, in our view, likely isn’t a game changer.

Market Misperceptions
By , The Guardian, 10/05/2011

MarketMinder's View: Not great news, but it’s important to put this in context: Q2 ended four months ago, and this small revision doesn’t say much about how the economy has fared since then. In fact, a separate report showed the UK’s service sector grew faster in September.

Market Misperceptions
By , The Wall Street Journal, 10/05/2011

MarketMinder's View: This article overstates housing’s role in the financial crisis and the size of residential real estate’s contribution to US economic growth. Housing is not “traditionally the leader out of recession.” But beyond that, we wonder how one can come to the conclusion housing’s been ignored? We’ve had probably a slew of separate government programs targeting it.

Market Misperceptions
By , The Telegraph, 10/05/2011

MarketMinder's View: True, neither the European Commission nor the EU finance ministers formed a concrete plan, but in our view, that’s emblematic of the gradual, measured approach taken thus far and isn’t a negative. What’s important is officials are well aware of the need for financial backstops, and these are slowly but surely taking shape. For more, see today’s cover story, “Rhetorical Recapitalization.”

Sensible Stories
By , Reuters, 10/05/2011

MarketMinder's View: On its own, September’s service sector expansion wouldn’t mean much. But combine it with September US auto sales rising nearly 10%, private employers adding jobs (per ADP), rising construction spending and capital goods orders, and it’s tough to find evidence supporting the idea of a looming recession.

Sensible Stories
By , The Telegraph, 10/05/2011

MarketMinder's View: Not a full stop on all regulation of all financial services—just adjustments to proposed regulation of some derivatives. Britain feared the initial EU proposals would increase protectionism, jeopardizing London’s status as a global financial hub, and won concessions on what appears to be less onerous oversight.

Sensible Stories
By , Cato @ Liberty, 10/05/2011

MarketMinder's View: Contrary to some lawmakers’ claims, tariff bills have a very long history of actually harming economic activity—which has the downstream effect of destroying jobs. On the good side though, the currency reform bill discussed here doesn’t seem very likely to actually become law.

Sensible Stories
By , The Independent, 10/05/2011

MarketMinder's View: That orders rose and the UK’s services sector accelerated and expanded while “confidence” flagged is emblematic of the widening gap between reality and sentiment seen of late—a typical correction characteristic.

Sensible Stories
By , EU Business, 10/05/2011

MarketMinder's View: Though Slovakian politicking over the EFSF expansion continues, it appears increasingly likely its parliament eventually votes in favor. Thus far, 14 of 17 eurozone countries have ratified the July 21 EU/IMF/ECB bailout agreement.

Market Misperceptions
By , The Wall Street Journal, 10/04/2011

MarketMinder's View: Overall, this bill seems highly misguided, as protectionist legislation like this has a long history of negatively impacting economic conditions for all parties involved. But it also sounds mostly like politicking ahead of election season. In fact, very similar legislation has been proposed—and ultimately, failed—in each of the last four years. And truth be told, the yuan has actually appreciated relative to the US dollar nearly 21% since 2006. For more, see today’s cover story, “Freeing Trade.”

Market Misperceptions
By , New York Times, 10/04/2011

MarketMinder's View: The argument here is flawed in several respects. Trade with China benefits us in myriad ways, and attempts to punish them through tariffs are highly ill-advised, in our view. For more, see our 10/03/2011 column, “Debating the Yuan.

Market Misperceptions
By , The Wall Street Journal, 10/04/2011

MarketMinder's View: That banks are beginning to charge debit-card fees primarily demonstrates the unforeseen impacts of misguided legislation—in this case, the Durbin Amendment of the Dodd-Frank Act. So actually, the debit-card fees likely show a need for less regulation.

Market Misperceptions
By , The Australian, 10/04/2011

MarketMinder's View: China has admittedly tightened lending to dampen inflation, but that’s been the case all year and growth continues. The country’s loan quotas reset in three short months, and in our view a hard landing in China isn’t likely this year.

Sensible Stories
By , Bloomberg, 10/04/2011

MarketMinder's View: August capital equipment data showed the largest jump in nearly three months in a continuation of economic data reflecting growth—despite dour sentiment largely impacted by the European debt crisis.  

Sensible Stories
By , Carpe Diem, 10/04/2011

MarketMinder's View: By the National Bureau of Economic Research’s own definition, we don’t seem to be nearing a recession. Of course, a recession is always possible, but reviewing extant data, one doesn’t seem likely in the immediate future.

Sensible Stories
By , The New York Times, 10/04/2011

MarketMinder's View: Inventory shortages tied to the March Japanese earthquake have begun to subside, and September’s auto sales number reflects pent up demand. Moreover, that consumers are spending on big-ticket items again in the face of flagging consumer confidence surveys is just one more reason to watch what they do, not what they say.

Sensible Stories
By , The Wall Street Journal, 10/04/2011

MarketMinder's View: A sensible economic discussion, particularly of Sarbanes-Oxley.

Market Misperceptions
By , Bloomberg, 10/03/2011

MarketMinder's View: Economic data (personal incomes and spending included) frequently show volatility—and that’s what’s likely at work here. Reality is, for all the worries about US consumer spending, it fell less than many other categories during the last recession and is already at an all-time high.

Market Misperceptions
By , The Telegraph, 10/03/2011

MarketMinder's View: As is always the case, it’s true the world has some problems. But a lack of aggregate demand and global imbalances aren’t among them. With some exceptions (like Greece) the global economy is currently growing and is forecast by the IMF to continue growing. That doesn’t seem like a depression to us.

Market Misperceptions
By , The New York Times, 10/03/2011

MarketMinder's View: The trade deficit is not very relevant to US economic health or employment levels. Total trade is simply far more telling—whether that total trade takes place with China or not. For more, see our 09/15/2011 column at The Street, “Trade Gap Irrelevant for US Growth.”

Market Misperceptions
By , CNN Money, 10/03/2011

MarketMinder's View: It’s true the housing market has been weak even after the recession ended. But then again, Bureau of Economic Analysis data show housing accounted for roughly 2.2% of US GDP in Q2 2011, so even if a government plan “fixed” the housing market (an unlikely outcome, in our view), it would likely be an incremental contribution to overall growth.

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

MarketMinder's View: Protectionism isn’t the answer; it typically hurts more than it helps. The bill in question seems mostly like another round of political grandstanding on the subject, but it’s certainly a story to watch. For more, see our 06/20/2011 cover story, “Below the Radar.”

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

MarketMinder's View: The treaties in question have been pending a long time—and passing them would, in our view, be an incremental positive, not only for US business and trade but globally. For more, see our 05/18/2011 cover story, “Make a Trade for Trade.

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

MarketMinder's View: While it has a way to go, Ireland’s made fairly impressive strides since attracting international fears they’d default not long ago. This further highlights the importance of differentiating the issues faced by individual eurozone countries. For more, see our 09/26/2011 cover story, “Differentiating Europe’s Periphery.

Sensible Stories
By , Reuters, 10/03/2011

MarketMinder's View: More evidence pointing to a likely continuation in US economic growth.