Home → Fisher Investments MarketMinder Headlines → 12-2007 Archives

Market Misperceptions
By , InternationalBusinessTimes.com, 12/31/2007
MarketMinder's View: There’s a lot to quibble over here. But most importantly, the notion that US consumers are over-indebted and on the brink of collapse is simply wrong.
Market Misperceptions
By , The Telegraph, 12/31/2007
MarketMinder's View: We shrug off the notion that there will be a US recession.
Sensible Stories
By , Bloomberg, 12/31/2007
MarketMinder's View: Exactly! While we don’t agree with every point, it’s very true folks aren’t appreciating what a good year 2007 was.
Market Misperceptions
By , Financial Post, 12/31/2007
MarketMinder's View: Some really bold and “surprising” claims here—the market will finish break-even. Huh? With a strong global economy and even semi-optimistic views like this one being for markets to break-even, there is substantial room for upside surprise.
Sensible Stories
By , 12/31/2007
MarketMinder's View: China continues to ease investing restrictions. Here’s hoping global capital markets extend the trend in 2008 and beyond.
Sensible Stories
By , The Wall Street Journal, 12/31/2007
MarketMinder's View: A worthwhile look at the growth of government influence during the Great Depression.
Market Misperceptions
By , Times Online, 12/31/2007
MarketMinder's View: What will economists think up next?
Market Misperceptions
By , MSNBC.com, 12/31/2007
MarketMinder's View: When was the last time there was certainty to start a year? Never! A healthy dose of uncertainty is natural and doesn’t in itself mean markets are poised for weakness.
Sensible Stories
By , Financial Times, 12/31/2007
MarketMinder's View: “’I’ve never seen an economy like this before, with all the doom and gloom. But it hasn’t let up for us at all…’” Dour sentiment and a strong economy—what a great combination!
Market Misperceptions
By , 12/31/2007
MarketMinder's View: While certainly not good news, it’s unlikely to have the power to sink stocks. We’d posit that continued housing woes in 2008 are widely expected and thus mostly reflected in stock prices already.
Sensible Stories
By , MSNBC.com, 12/31/2007
MarketMinder's View: 2007 was, on balance, another good year to be a global stock investor.
Market Misperceptions
By , Businessweek, 12/31/2007
MarketMinder's View: Once again we must ask: When is any time certain? The investing landscape is always risky, choppy, and ambiguous.
Sensible Stories
By , The Economist, 12/31/2007
MarketMinder's View: Regret-shunning and finger-pointing are classic reactions when assets lose value. Expect more headlines like these tied to the housing market in the months ahead.
Sensible Stories
By , The Independent, 12/31/2007
MarketMinder's View: “The bull market that started four years ago is maturing, but not finished” – We agree, talk of a recession is premature.
Market Misperceptions
By , 12/31/2007
MarketMinder's View: Oil prices were up in ‘07, but allow us to point out that neither the economy nor stocks sank as a result. High energy prices are a symptom of high demand, which implies economic strength, not woe.
Sensible Stories
By , The Independent, 12/31/2007
MarketMinder's View: “Plainly a lot of bad news is already in share prices” – Sentiment as dour as recently is unlikely to prove correct.
Sensible Stories
By , The Wall Street Journal, 12/31/2007
MarketMinder's View: We should hope that trade between the US and China becomes freer still next year, trade barriers invariably do more harm than good.
Market Misperceptions
By , New York Times, 12/28/2007
MarketMinder's View: It’s a bit strange to argue the US has been harmed by free trade when we currently enjoy very low unemployment, steady wage growth, and robust GDP expansion.
Sensible Stories
By , Financial Times, 12/28/2007
MarketMinder's View: We agree—the global economy is not a zero-sum game. The “rise of Asia” is representative of freer markets and strong global economic growth. This is great for everyone!
Sensible Stories
By , The New York Times, 12/28/2007
MarketMinder's View: Free trade—improving lives one motorcycle at a time.
Sensible Stories
By , Forbes, 12/28/2007
MarketMinder's View: We continue to take note of what the smart money is doing: Reinvesting in credit markets, not eschewing them.
Market Misperceptions
By , Financial Times, 12/28/2007
MarketMinder's View: Is there no end to the doomsday predictions for the dollar? What else can be blamed on the greenback? Global warming? Chickenpox? Thankfully, the dollar story of 2007 is that there wasn’t one.
Sensible Stories
By , Seeking Alpha, 12/28/2007
MarketMinder's View: Don’t buy the gloomy headlines proclaiming recession as a foregone conclusion.
Market Misperceptions
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: We enjoy some New Year’s trivia as much as anyone, but betting on one month returns is not going to make you rich. You still need to focus on the other eleven.
Market Misperceptions
By , Businessweek, 12/28/2007
MarketMinder's View: With US unemployment rate near historic lows, it’s pretty darn tough to argue today’s employment situation will sink the economy in 2008.
Market Misperceptions
By , MSN Money, 12/28/2007
MarketMinder's View: The premise that consumer spending will sink along with home values doesn’t add up. Were it true, we wouldn’t have high GDP growth and solid consumer spending numbers like we do today.
Sensible Stories
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: Bureaucratic inefficiency unnecessarily slows the availability of lifesaving drugs by stifling the private sector. What a shame.
Market Misperceptions
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: One of the reasons the presidential election cycle IS effective as a forecasting tool for stocks is because of lessened political risk aversion on the part of investors—a common feature of presidential third and fourth years. 2007 featured no harmful new legislation, and we think the same will be true for 2008.
Market Misperceptions
By , CNNMoney.com, 12/28/2007
MarketMinder's View: It’s true housing markets haven’t rebounded as quickly as expected. But the reality is residential real estate makes up a small % of GDP (less than 5%), has yet to cause a recession, hasn’t squelched consumer spending, and hasn’t sunk stock markets.
Sensible Stories
By , The Independent, 12/28/2007
MarketMinder's View: “…things are never quite as good as they seem when the boom is in full swing, nor as bad as they appear when everyone is down in the dumps.” We agree and see today’s doom and gloom as overblown.
Sensible Stories
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: “Over the past decade nearly 1.5 million more Americans fled California than arrived.” It’s relatively easy for people to vote against higher taxes by simply leaving the state. Politicians might want to start labeling these “progressive” tax policies as a form of population control.
Sensible Stories
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: New legislation in response to corporate malfeasance is most often a terrible idea. We heartily agree.
Sensible Stories
By , Oxford Analytica via Forbes, 12/28/2007
MarketMinder's View: Much like the US, Germany has important political elections upcoming in 2008. It’s well worth understanding what’s at stake for one of the world’s largest economies.
Market Misperceptions
By , The Wall Street Journal, 12/28/2007
MarketMinder's View: While a good rundown of today’s credit markets, the conclusion is too dour and fails to account for the tremendous stability capital markets are showing today in spite of credit problems.
Market Misperceptions
By , Forbes, 12/27/2007
MarketMinder's View: Forecasting based on the length of economic cycles is an unscientific dangerous game. There is no rule saying an economy must recess after a certain number of years.
Market Misperceptions
By , The Wall Street Journal, 12/27/2007
MarketMinder's View: It’s sometimes difficult to see—and painful to endure—but this is an example of capitalism really working its mojo. Folks try new things. Some work, others don’t. The market works it out. It’s a testament to the strength and versatility of our capital markets that stocks are still up for the year and the economy continues to grow even as debt trouble ensues.
Sensible Stories
By , Guardian, 12/27/2007
MarketMinder's View: Maybe the death of the UK consumer is a bit overblown.
Sensible Stories
By , The Wall Street Journal, 12/27/2007
MarketMinder's View: Of the few things that Congress accomplished this year, this is certainly notable.
Market Misperceptions
By , MSNBC.com, 12/27/2007
MarketMinder's View: First, there is little factual evidence to support today’s recession talk. Second, why on earth should we look to the government to fix things anyway?
Market Misperceptions
By , The Wall Street Journal, 12/27/2007
MarketMinder's View: See our commentary “What Dollar Story?” for our take on the dollar.
Market Misperceptions
By , International Business Times, 12/27/2007
MarketMinder's View: Oil prices have yet to derail the economy and bear no correlation with stock prices. Ignore.
Sensible Stories
By , The Wall Street Journal, 12/27/2007
MarketMinder's View: Even huge government subsidies are failing to overcome economic reality in the European biodiesel effort.
Sensible Stories
By , The Wall Street Journal, 12/27/2007
MarketMinder's View: A fun, if a bit caustic, article blaming borrowers and lenders equally for today’s credit problems. Also, the chastising of government solutions to free market problems is an added bonus.
Market Misperceptions
By , International Business Times, 12/27/2007
MarketMinder's View: Not true. Holiday sales actually grew versus a year ago, and January is becoming a bigger piece of the overall holiday pie due to the proliferation of gift cards.
Market Misperceptions
By , The Associated Press via MSNBC, 12/27/2007
MarketMinder's View: Foreign investment is a good thing. Don’t let scary media stories talk you into protectionism. And don’t forget US enterprises are unrivaled in making foreign investments.
Sensible Stories
By , CNN.com, 12/27/2007
MarketMinder's View: This is without question a tragedy and cause for continued political unrest in Pakistan. However, like most heinous acts of terrorism, it’s unlikely to prove a significant stock market event.
Market Misperceptions
By , CNNMoney.com, 12/27/2007
MarketMinder's View: Consumer confidence is a tell-you-nothing, backward-looking metric. It has no predictive power when it comes to forecasting stocks.
Sensible Stories
By , Fortune via CNNMoney.com, 12/27/2007
MarketMinder's View: This is spot on. You can’t make stock market predictions using backward-looking data.
Sensible Stories
By , Globe Asia, 12/26/2007
MarketMinder's View: “A reduction of the trade deficit should not even be a primary objective of federal policy.” Amen.
Sensible Stories
By , The Wall Street Journal *(site subscription required), 12/26/2007
MarketMinder's View: A very smart perspective on sovereign wealth funds.
Sensible Stories
By , Slate, 12/26/2007
MarketMinder's View: A waist-trimming look at how economics can make you a better person.
Sensible Stories
By , Café Hayek, 12/26/2007
MarketMinder's View: An evolving economy is overall a vastly good thing.
Sensible Stories
By , The Wall Street Journal, 12/26/2007
MarketMinder's View: It’s too bad this headline is misleading—the article is actually about maintaining discipline and not getting too jittery when markets are volatile.
Sensible Stories
By , 12/26/2007
MarketMinder's View: This plan isn’t going through, because most banks don’t need the “rescue”—which is a good thing! They still have ample access to liquidity from elsewhere.
Market Misperceptions
By , Sydney Morning Herald, 12/26/2007
MarketMinder's View: We doubt it. Interest rates remain benign for average- and above-average-rated firms.
Sensible Stories
By , 12/26/2007
MarketMinder's View: “It's going to be a blue Christmas for Democrats in Congress--but not for some 20 million taxpayers who narrowly escaped being ensnared by the alternative minimum tax (AMT) this year.”
Sensible Stories
By , The Australian, 12/26/2007
MarketMinder's View: Even China’s getting in on the lower-tax game
Sensible Stories
By , Wall Street Journal, 12/26/2007
MarketMinder's View: Less government intervention is always good.
Market Misperceptions
By , 12/26/2007
MarketMinder's View: While certainly not good news, such an outcome was widely expected. Thus, it has little stock market impact.
Market Misperceptions
By , BusinessWeek, 12/26/2007
MarketMinder's View: This is all you need to get from this article—“Only two of the forecasters expect a recession.”
Sensible Stories
By , CNNMoney.com, 12/26/2007
MarketMinder's View: Yet another Financials firm finding liquidity from overseas.
Sensible Stories
By , International Business Times, 12/26/2007
MarketMinder's View: US assets are being courted by investors throughout the world—a sure sign of a well functioning global economy.
Market Misperceptions
By , 12/26/2007
MarketMinder's View: This is based on the wrong assumption that debt is bad. Debt in appropriate amounts is a great thing and—despite popular beliefs to the contrary—Americans are not abusing it today.
Market Misperceptions
By , Guardian, 12/26/2007
MarketMinder's View: Wait. No it’s not. The author admits none of the people leaving in the “tent city” lost a home in foreclosure. By this standard, what can’t be blamed on the “home crisis?”
Market Misperceptions
By , MSNBC.com, 12/24/2007
MarketMinder's View: This is the type of headline that is meant to frighten you. But don’t worry, all it means is that people see investment opportunities in the US—and that’s a good thing!
Market Misperceptions
By , Financial Times, 12/24/2007
MarketMinder's View: We take our hats off to anyone who can successfully compare a complex financial product to a pork product, although it’s doubtful we’ve seen the end of CDOs.
Sensible Stories
By , CNNMoney, 12/24/2007
MarketMinder's View: Predicting (wrongly) the death of the American consumer may be overtaking baseball as the American pastime.
Sensible Stories
By , Financial Times, 12/24/2007
MarketMinder's View: Deregulation is music to our ears.
Sensible Stories
By , Times Online, 12/24/2007
MarketMinder's View: Need we say more?
Sensible Stories
By , Times Online, 12/24/2007
MarketMinder's View: “Too many people use the excuse of the credit crisis to throw the baby out with the bathwater” – There’s plenty of reasons to be optimistic about 2008.
Market Misperceptions
By , The New York Times, 12/21/2007
MarketMinder's View: It’s so strange to us how folks are acting as if this was a terrible year—stocks are up for 2007!
Market Misperceptions
By , CNNMoney.com, 12/21/2007
MarketMinder's View: Our advice: Don’t buy a house on any street called “Pain.” That just won’t look very good on your holiday card return address stickers.
Market Misperceptions
By , New York Times, 12/21/2007
MarketMinder's View: This is more a political statement than a demonstration of clear thinking on economics.
Dueling Headlines
By , ABC News, 12/21/2007
MarketMinder's View: Overall bonuses this year for Wall Street were good. That’s because, minus the big mortgage lenders, Wall Street results were pretty good too.
Sensible Stories
By , The Wall Street Journal, 12/21/2007
MarketMinder's View: This is awesome. Political gridlock means less potential for harmful government regulation. That’s very bullish for stocks.
Market Misperceptions
By , Market Watch, 12/21/2007
MarketMinder's View: This amounts to recounting the worries du jour, not a meaningful description of what comprises economic health.
Sensible Stories
By , Bloomberg, 12/21/2007
MarketMinder's View: Yup. US consumers seem to be alive and well.
Sensible Stories
By , The Wall Street Journal, 12/21/2007
MarketMinder's View: Look no further than the Celtic Tiger to see the economic impact of tax cuts and deregulation.
Sensible Stories
By , Reuters via the International Tribune, 12/21/2007
MarketMinder's View: 2007 was a banner year for M&A throughout the world.
Sensible Stories
By , 12/21/2007
MarketMinder's View: Meaningful political change in South Korea is worth noting for globally-minded investors.
Sensible Stories
By , Financial Times, 12/21/2007
MarketMinder's View: The benefit of forecasts is they allow you to ascertain what is priced into the market. You can then determine whether the outcome will be better or worse than expected.
Market Misperceptions
By , Financial Times, 12/21/2007
MarketMinder's View: And yet that same deficit has been good for the pound over the last few years? Ignore.
Sensible Stories
By , The Wall Street Journal, 12/21/2007
MarketMinder's View: As you’ll see here (and how we’ve pointed out previously), earnings of non-financial institutions look great.
Market Misperceptions
By , Bloomberg, 12/21/2007
MarketMinder's View: Call us crazy, but what use is a user’s guide for the past?
Market Misperceptions
By , Businessweek, 12/20/2007
MarketMinder's View: See our past commentary, “Strength from Weakness” 12/19/07, for more.
Dueling Headlines
By , 12/20/2007
MarketMinder's View: It’s always a hoot to check in once in awhile and see how the media interprets daily market action.
Sensible Stories
By , The Washington Post, 12/20/2007
MarketMinder's View: As widely expected, Congress finally got around to extending the AMT patch. One of the few things they’ve accomplished all year.
Sensible Stories
By , The Wall Street Journal, 12/20/2007
MarketMinder's View: An excellent perspective on the 2008 presidential campaign.
Market Misperceptions
By , The Telegraph, 12/20/2007
MarketMinder's View: Increasing transparency in the markets is a positive move, but at this stage it remains largely rhetoric.
Market Misperceptions
By , MSNBC.com, 12/20/2007
MarketMinder's View: The ironic thing about so-called leading indicators is that they’re actually comprised of mostly backward-looking statistics (which tell you nothing about future stock performance).
Market Misperceptions
By , The Wall Street Journal, 12/20/2007
MarketMinder's View: The Psychic Friends Network of the finance industry (technical traders) is at it again. Chart reading is a lot like having mystics read tea leaves—both are bogus forecasting methods.
Market Misperceptions
By , International Business Times, 12/20/2007
MarketMinder's View: This headline is a bit misleading. The ECB didn’t raise rates because they believe economic growth is fine and they’d rather focus on inflation.
Market Misperceptions
By , The Washington Post, 12/20/2007
MarketMinder's View: This is political rhetoric and nothing more. Ignore.
Sensible Stories
By , The Wall Street Journal, 12/20/2007
MarketMinder's View: We should hope this free trade agreement can clear any hurdles.
Market Misperceptions
By , Times Online, 12/20/2007
MarketMinder's View: Continued economic growth does not mean recession.
Sensible Stories
By , MSNBC.com, 12/20/2007
MarketMinder's View: Turns out, despite credit market turmoil, the economy grew quite rapidly last summer.
Sensible Stories
By , The Economist, 12/20/2007
MarketMinder's View: An insightful look at M&A culture (or lack thereof) in Japan.
Sensible Stories
By , MarketWatch, 12/20/2007
MarketMinder's View: We agree: “…the credit crisis on Wall Street is really a confidence problem, not a structural one.”
Market Misperceptions
By , The Economist, 12/20/2007
MarketMinder's View: Comparing delinquent borrowers to zombies is fun but wrong. Default rates are still well below historical norms.
Sensible Stories
By , The Wall Street Journal, 12/20/2007
MarketMinder's View: A fun read on how emotions and natural human motivations affect investing behavior.
Market Misperceptions
By , Kiplinger, 12/19/2007
MarketMinder's View: While inflation is rising, wage growth is rising just as fast or faster in the US.
Sensible Stories
By , Forbes, 12/19/2007
MarketMinder's View: No matter what the government does, there is no quick fix to the mortgage problem fair for everyone. Any “solution” will ultimately be a political maneuver and little more. That’s one of many reasons the government should stay out of it.
Market Misperceptions
By , The Wall Street Journal, 12/19/2007
MarketMinder's View: Simply not true. The cost of debt for those with high credit ratings is LOWER today than at the beginning of the year. This means credit risk for those with good credit is lower too. Also, we note that default rates remain near historic lows in the US.
Sensible Stories
By , Bloomberg, 12/19/2007
MarketMinder's View: We’d say Greenspan had exactly the right idea about government: “Its sole ‘contribution’ is to substitute force and fear for incentive as the ‘protector’ of the consumer.” Given the losses lenders have incurred, there’s no doubt they’ll try to avoid similar mistakes in the future. Markets are capable of correcting themselves without government aid.
Dueling Headlines
By , MSNBC.com, 12/19/2007
MarketMinder's View: You’ll likely be inundated with forecasting surveys as 2008 approaches. Be careful with them—many are useless and sometimes misleading. See our past commentary, “Groundhog Day 2008,” 12/18/07, for more.
Market Misperceptions
By , The Telegraph Business Blog, 12/19/2007
MarketMinder's View: Headlines like this appear extreme, even by today’s standards!
Sensible Stories
By , Bloomberg, 12/19/2007
MarketMinder's View: Something doesn’t add up here. We don’t understand how tighter restrictions on lending will lead to a fix for subprime problems. It seems to us tighter restrictions just mean fewer loans.
Sensible Stories
By , RealClearMarkets, 12/19/2007
MarketMinder's View: A fun look at why a big trade deficit isn’t an economic negative.
Sensible Stories
By , Herald Sun, 12/19/2007
MarketMinder's View: No sign of a global recession here.
Market Misperceptions
By , Barron’s, 12/19/2007
MarketMinder's View: Just think for a moment if this attitude was justified for all time. You’d never be bullish! Ever. Uncertainty is a feature of all markets for all time.
Market Misperceptions
By , Reuters, 12/19/2007
MarketMinder's View: Our ridiculous story of the week.
Sensible Stories
By , The Washington Post, 12/19/2007
MarketMinder's View: Politicization of the global warming debate is leading to greater regulation, higher costs to end users, and new market inefficiencies. Not good.
Market Misperceptions
By , Investor’s Business Daily, 12/19/2007
MarketMinder's View: We’d take this seriously if we believed the UN had any way of actually enforcing a tax. This is political banter and little more.
Sensible Stories
By , Financial Times, 12/19/2007
MarketMinder's View: Whilst uncomfortable for some, eliminating subsidies will be of net benefit to free trade and the global economy.
Sensible Stories
By , US News, 12/18/2007
MarketMinder's View: We agree. Inflation remains mostly contained.
Sensible Stories
By , The New York Times, 12/18/2007
MarketMinder's View: Unintended consequences of corn subsidies are causing heinous market dislocations.
Sensible Stories
By , The Economist, 12/18/2007
MarketMinder's View: This is music to our ears. A gridlocked Congress means less economic meddling and lightened investor risk-aversion. Both are good for markets.
Sensible Stories
By , MarketWatch, 12/18/2007
MarketMinder's View: “Recent market gyrations might feel like a roller-coaster ride, but in fact they aren't that unusual.” Precisely! Read our past commentary, “You Call that Volatility?” 12/17/2007, for more.
Market Misperceptions
By , The Australian, 12/18/2007
MarketMinder's View: Foreign investment should be encouraged. The notion that sovereign wealth funds will spur anti-market behavior is probably overwrought at this point.
Market Misperceptions
By , International Business Times, 12/18/2007
MarketMinder's View: Obviously, this isn’t good news. However, this result was widely anticipated by the market and therefore already priced in. In fact, the drop was less than analysts expected.
Market Misperceptions
By , Kiplinger, 12/18/2007
MarketMinder's View: Either way, currency movements don’t much matter for well diversified global stock portfolios.
Sensible Stories
By , The Associated Press via The New York Times, 12/18/2007
MarketMinder's View: Unless there’s illegal activity afoot, what business is it of the Fed’s who lends and who borrows!? Let folks decide for themselves!
Sensible Stories
By , The Wall Street Journal, 12/18/2007
MarketMinder's View: We certainly take issue with some of this, but on balance it’s an informative view on how global economic output is measured.
Market Misperceptions
By , The Wall Street Journal, 12/18/2007
MarketMinder's View: This is sort of like saying, “The economy will be in a recession if it stops growing for two quarters.” They’re both obvious statements. Remember there’s a big difference between “if” and “will.”
Market Misperceptions
By , The Telegraph, 12/18/2007
MarketMinder's View: Trade deficits or surpluses are not necessarily indicative of market performance or economic strength. We need only look at the respective current account balances run by the US and Germany to realise this.
Sensible Stories
By , Financial Times, 12/18/2007
MarketMinder's View: Despite the fog and gloom there’s enough good news to suggest continued economic growth rather than recession.
Sensible Stories
By , 12/18/2007
MarketMinder's View: Amid credit crunch talk, there’s lately been a fair amount of deal talk too.
Market Misperceptions
By , Kiplinger, 12/17/2007
MarketMinder's View: Commercial real estate has remained strong this year and the fundamentals are positive—no reason to fret about it today.
Market Misperceptions
By , Financial Post, 12/17/2007
MarketMinder's View: Neither Canadians nor Americans should fret dollar weakness. The dollar’s relative strength doesn’t dictate market direction.
Market Misperceptions
By , TheStreet.com, 12/17/2007
MarketMinder's View: More inane Armageddon-speak.
Market Misperceptions
By , Reuters via The Sydney Morning Herald, 12/17/2007
MarketMinder's View: Uncle Alan continues to keep the spotlight firmly pointed in his direction with more dystopian rhetoric. Ignore it.
Sensible Stories
By , The Wall Street Journal *(site subscription required), 12/17/2007
MarketMinder's View: Discipline is perhaps the most important trait of successful investors.
Market Misperceptions
By , The Wall Street Journal * (site subscription required), 12/17/2007
MarketMinder's View: The truth is food and energy are an increasingly smaller part of overall consumption. Thus, rising prices in each category have an increasingly smaller effect on consumers.
Sensible Stories
By , Wall Street Journal, 12/17/2007
MarketMinder's View: Certain politicians will to need to rewrite stump speeches. Arguing everyone should “pay their fair share” of taxes is akin to demanding a tax hike on the poor and middle classes.
Sensible Stories
By , ABC News, 12/17/2007
MarketMinder's View: Business is booming out there…
Market Misperceptions
By , Bloomberg, 12/17/2007
MarketMinder's View: Right—and don’t expect another cut to ease “housing woes” either. The Fed funds rate has little impact on long-term, low-quality loans.
Sensible Stories
By , Bloomberg, 12/17/2007
MarketMinder's View: International demand for US financial assets is robust. This is a great thing.
Market Misperceptions
By , The Motley Fool, 12/17/2007
MarketMinder's View: No, this isn’t the title of the next apocalyptic Will Smith movie. Call us realists, but this seems a tad melodramatic.
Sensible Stories
By , Seeking Alpha, 12/17/2007
MarketMinder's View: Agreed.
Sensible Stories
By , 12/17/2007
MarketMinder's View: Long-term forecasts on most anything usually fall apart, because they’re generally based on static assumptions and current market conditions bound to change.
Market Misperceptions
By , Bloomberg, 12/17/2007
MarketMinder's View: It’s confusing to us why folks assume we need the government to solve our problems in the first place.
Sensible Stories
By , 12/14/2007
MarketMinder's View: Citigroup is bringing $49 billion of SIVs onto its balance sheet. Would one of the world’s largest banks do that if it was really in trouble? We think not.
Sensible Stories
By , 12/14/2007
MarketMinder's View: A worthwhile informational summary of central banks’ upcoming bond auctions.
Sensible Stories
By , The Wall Street Journal, 12/14/2007
MarketMinder's View: American politicians have outdone themselves this year with how little meaningful legislation has passed.
Sensible Stories
By , Financial Times, 12/14/2007
MarketMinder's View: This doesn’t just apply to Europe, threatening protectionist measures is dangerous politics.
Market Misperceptions
By , The Wall Street Journal, 12/14/2007
MarketMinder's View: This is a very interesting look at securitization as it relates to liquidity. Unfortunately, its dour conclusion on market consequences is far overwrought.
Sensible Stories
By , Forbes, 12/14/2007
MarketMinder's View: YES! Freedom and free markets are awesome!
Sensible Stories
By , Boston Globe, 12/14/2007
MarketMinder's View: Hooray! This is great advice.
Market Misperceptions
By , US News, 12/14/2007
MarketMinder's View: This piece reflects typical “Fed as Messiah” hokum. On balance, the Fed has been plenty accommodative and responsive to market concerns this year.
Sensible Stories
By , The Wall Street Journal, 12/14/2007
MarketMinder's View: Treasury rates (one of the primo inflation indicators in our view) are not signaling high inflation today.
Market Misperceptions
By , The New York Times, 12/14/2007
MarketMinder's View: This is more than a bit exaggerated, particularly the assertion that in the past the “Fed has been able to wave its magic wand and make market turmoil disappear.” Not even remotely right! Markets are tumultuous—always.
Market Misperceptions
By , Fortune, 12/14/2007
MarketMinder's View: Shame on those designers playing Scrooge and ruining our holiday shopping.
Market Misperceptions
By , 12/14/2007
MarketMinder's View: Few things are stranger to us than the tendency for economists to put “odds” on a recession, as if the economy’s fate is on a roulette wheel.
Market Misperceptions
By , Reuters, 12/14/2007
MarketMinder's View: The “action plan” hasn’t even been implemented, and some are already calling it a failure. Sheesh!
Sensible Stories
By , The New York Times, 12/14/2007
MarketMinder's View: Yup. It sure is.
Sensible Stories
By , International Business Times, 12/14/2007
MarketMinder's View: An eye-opening description of the hazards of central bank intervention.
Sensible Stories
By , The Wall Street Journal, 12/13/2007
MarketMinder's View: Two strong arguments against government-backed bailouts, rate freezes, and tax increases based on history and economic theory.
Sensible Stories
By , The Wall Street Journal, 12/13/2007
MarketMinder's View: “…foreign investment in this country has fueled economic growth and supported a strong standard of living for millions of Americans.” Amen.
Market Misperceptions
By , MSNBC.com, 12/13/2007
MarketMinder's View: We’d all be better off not paying attention to trade balances.
Sensible Stories
By , The Wall Street Journal, 12/13/2007
MarketMinder's View: A seldom mentioned fact: Much of the worry over subprime, asset write-downs, and mortgage securities is based on a dodgy index.
Sensible Stories
By , Businessweek, 12/13/2007
MarketMinder's View: The Fed’s new plan is more of a small gesture than a heavy-duty change to capital markets’ structure.
Sensible Stories
By , Financial Times, 12/13/2007
MarketMinder's View: Just part of the continual evolution of central banking activity around the world. See our commentary “But Wait, There’s More” from yesterday.
Market Misperceptions
By , Market Watch, 12/13/2007
MarketMinder's View: Unless Marlon Brando suddenly appears from the bushes and starts mumbling, “The horror... the horror...” we’re not buying it.
Sensible Stories
By , International Business Times, 12/13/2007
MarketMinder's View: US consumption continues its recent strength.
Sensible Stories
By , The Wall Street Journal, 12/13/2007
MarketMinder's View: A good guide on what not to do.
Market Misperceptions
By , 12/13/2007
MarketMinder's View: Don’t mistake negative market volatility for a new bear market. High fliers often sink the lowest in bull market corrections, only to retake leadership later on.
Sensible Stories
By , The Washington Post, 12/13/2007
MarketMinder's View: Political gridlock is a beautiful thing for stocks!
Sensible Stories
By , Kiplinger’s, 12/13/2007
MarketMinder's View: A good summary of what affects trade between the US and China. Many of these are applicable to global trade in general.
Market Misperceptions
By , Bloomberg, 12/13/2007
MarketMinder's View: While hedge funds represent only a tiny slice of capital markets and aren’t at all indicative of the whole, this article’s still pretty funny.
Market Misperceptions
By , CNNMoney.com, 12/13/2007
MarketMinder's View: The reason he’s making so much is because his company is really, really profitable. That’s a good thing.
Market Misperceptions
By , International Business Times, 12/12/2007
MarketMinder's View: We’re highly skeptical of a study’s ability to predict the status of 17-year-olds’ retirement accounts 40 years into the future.
Sensible Stories
By , Financial Times, 12/12/2007
MarketMinder's View: A good reminder that SWFs are nothing new—and nothing to worry about.
Sensible Stories
By , Bloomberg, 12/12/2007
MarketMinder's View: The Fed’s skeptical, and so are we.
Sensible Stories
By , The Wall Street Journal, 12/12/2007
MarketMinder's View: “Make no mistake: Emotions can hurt your investment results.” Remember that next time you start to panic about the fear du jour.
Sensible Stories
By , Forbes, 12/12/2007
MarketMinder's View: A clear-eyed look at the opportunities and obstacles in one emerging market.
Sensible Stories
By , The Wall Street Journal, 12/12/2007
MarketMinder's View: For all the talk of gas-guzzlers in America, the bigger (and more unnoticed) story is that infrastructure projects in the developing world are increasing demand for energy.
Market Misperceptions
By , CNN Money, 12/12/2007
MarketMinder's View: Nothing much like government picking winners and losers.
Sensible Stories
By , Bloomberg, 12/12/2007
MarketMinder's View: We love a big trade deficit! We hope we get a bigger one for Christmas. (Read “MarketMinder’s Letter to Santa,”12/10/2007.)
Sensible Stories
By , The Wall Street Journal, 12/12/2007
MarketMinder's View: We’d love a good fiscal stimulus right now, but given the political environment we’re probably more likely to get sparkle ponies for Christmas. See “MarketMinder’s Letter to Santa” for our wish list.
Market Misperceptions
By , Washington Post, 12/12/2007
MarketMinder's View: Well, it may seem that way to a nation largely still embroiled in communism, but we’re confident our free market economy can sort it out.
Market Misperceptions
By , The Telegraph, 12/12/2007
MarketMinder's View: And chocoholics of the world unite in protest…
Sensible Stories
By , Bloomberg, 12/12/2007
MarketMinder's View: A good reminder that widespread fear is frequently a sign actual risk is dissipating.
Sensible Stories
By , Bloomberg, 12/12/2007
MarketMinder's View: Much is being made of this, but it merely highlights that central bankers globally have ample ways to deal with banks’ liquidity needs.
Market Misperceptions
By , CNNMoney.com, 12/12/2007
MarketMinder's View: This article actually states restaurant sales growth likely won’t slow. We’re not sure why this is news, nor why the headline is so misleading.
Market Misperceptions
By , Financial Times, 12/11/2007
MarketMinder's View: Let us get this straight: non-US holdings of US dollars have amounted to $20,000bn in a free market and a “substitution account” created by the IMF in 1969 for “unwanted dollars” currently has $34bn, how does creating another one serve any purpose? Hasn’t the market spoken?
Market Misperceptions
By , CNNMoney.com, 12/11/2007
MarketMinder's View: This article predicts a dollar bottom—but even if that’s right, who cares? Weak or strong, the dollar’s strength doesn’t matter much for stocks. Historically, there’s no meaningful correlation.
Sensible Stories
By , The Telegraph, 12/11/2007
MarketMinder's View: Someone must have forgotten to tell these people that consumers are tapped out, or maybe it’s a sign that an economic apocalypse isn’t quite upon us.
Market Misperceptions
By , MSNBC.com, 12/11/2007
MarketMinder's View: This sure isn’t surprising given all the pessimism, but more importantly this is a backward looking statistic and won’t do much good when making forward-looking investment decisions.
Sensible Stories
By , Bloomberg, 12/11/2007
MarketMinder's View: The government “subprime bailout” plan largely amounts to a seal of approval for what lenders are doing anyway—it ultimately involves very little intervention and the less intervention the better.
Market Misperceptions
By , MarketWatch, 12/11/2007
MarketMinder's View: Oops! Lots of factual problems in this article, starting with this: There was no 2000-2002 recession. According to NBER, the 2001 recession was short and shallow—lasting only 8 months. That’s a doozy of an error.
Sensible Stories
By , The Wall Street Journal, 12/11/2007
MarketMinder's View: Great to see free-market thinking spreading so rapidly across Europe.
Sensible Stories
By , Forbes, 12/11/2007
MarketMinder's View: While we don’t agree with all the ideas suggested here, we agree very much that innovation is vital to the mortgage industry.
Sensible Stories
By , Financial Times, 12/11/2007
MarketMinder's View: A year after reforms were passed to cut red tape, guess how much was cut? None, although it should come as no surprise that government isn’t even efficient at getting rid of inefficiency.
Sensible Stories
By , International Herald Tribune, 12/11/2007
MarketMinder's View: The economic perils of high taxes illustrated.
Sensible Stories
By , Financial Times, 12/11/2007
MarketMinder's View: “There is little evidence so far that subprime losses are creating capital constraints for banks. Nor will there be, as long as they can raise as much new money as they want at reasonably attractive prices.” In an otherwise pessimistic article lies buried this little tidbit—you don’t hear that everyday!
Sensible Stories
By , Washington Post, 12/11/2007
MarketMinder's View: “Investing successfully is about looking ahead, while determining whether we're in a recession involves looking behind. Way behind. We won't know that a recession has started until months after it's begun.”
Market Misperceptions
By , Kiplinger, 12/11/2007
MarketMinder's View: Nice to know, but how is this helpful? Picking stocks based on last year’s performance is a poor strategy.
Market Misperceptions
By , MarketWatch, 12/11/2007
MarketMinder's View: Long-term trends in global energy consumption don’t have much to do with a 25 basis point cut in America’s Fed funds rate.
Market Misperceptions
By , New York Times, 12/10/2007
MarketMinder's View: The only good lesson to be gleaned here: Stocks tend to lead the way into recession. Yet, all major global indexes are nicely positive so far this year, so why all the worry?
Market Misperceptions
By , Reuters, 12/10/2007
MarketMinder's View: An alternate title could be: “Private Equity Firms, Awash in Cash, Flexible in Financing Operations.”
Sensible Stories
By , The New York Times, 12/10/2007
MarketMinder's View: While the headline might frighten people, the story speaks of banks restructuring debt on their own and the reduction of total SIV assets—this is an example of free capital markets functioning well.
Market Misperceptions
By , The Telegraph, 12/10/2007
MarketMinder's View: Is turning to socialism to “save Western Democracies” really the right solution? When has that ever worked?
Sensible Stories
By , The Wall Street Journal, 12/10/2007
MarketMinder's View: Americans are voting against high taxes!
Sensible Stories
By , Wall Street Journal *(site registration required), 12/10/2007
MarketMinder's View: We never thought we’d find occasion to say this, but, “Right on, Whoopi!”
Market Misperceptions
By , Barron’s, 12/10/2007
MarketMinder's View: We’re sorry . . . are we supposed to fear an unemployment rate that’s still historically low?
Market Misperceptions
By , Bloomberg, 12/10/2007
MarketMinder's View: But this is good news! Shouldn’t it be a Story of Interest? Nah—housing’s impact on the broader economy and stock market has been overwrought all along. This is nice news, but to understand what will move markets, focus elsewhere.
Sensible Stories
By , Wall Street Journal, 12/10/2007
MarketMinder's View: More congressional threats of action falling by the wayside—very typical for the back half of a president’s term, and very bullish. (Read “Veto Power,” 10/04/2007.)
Market Misperceptions
By , Seeking Alpha, 12/10/2007
MarketMinder's View: An alternate view: Employment growth is slowing because unemployment is historically low!
Sensible Stories
By , The Financial Times, 12/10/2007
MarketMinder's View: Yes. Yes they should.
Sensible Stories
By , The Wall Street Journal, 12/10/2007
MarketMinder's View: A detailed look at the mortgage plan—we’re having trouble figuring out how this is more than a way for government to say it's “doing something.”
Sensible Stories
By , newsvine.com, 12/10/2007
MarketMinder's View: “The United States and China, with increasingly dependent economies, have to work together to fight protectionist sentiment in both countries.” Amen.
Market Misperceptions
By , CNN Money, 12/10/2007
MarketMinder's View: We’re thinking of creating a new section for stories like these, “Stories of interest for people who’ve been asleep for the past few years.”
Sensible Stories
By , Washington Post, 12/10/2007
MarketMinder's View: “Companies created jobs at a moderate pace in November, the government said yesterday, suggesting that the labor market has not suffered excessively from the housing and financial market crises.” Precisely.
Sensible Stories
By , New York Times, 12/10/2007
MarketMinder's View: Foreigners aren’t investing in America’s Financials sector because they think it’s irrevocably doomed.
Sensible Stories
By , The Associated Press via The Washington Post, 12/07/2007
MarketMinder's View: “Employers added a modest 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.”
Sensible Stories
By , The Wall Street Journal, 12/07/2007
MarketMinder's View: Those in the know don’t fear a recession anytime soon.
Sensible Stories
By , Financial Times, 12/07/2007
MarketMinder's View: Lack of significant legislative action is a good thing for markets.
Sensible Stories
By , Forbes, 12/07/2007
MarketMinder's View: Luckily, this so-called mortgage bailout plan appears to be relatively tiny and shouldn’t adversely affect the economy much.
Market Misperceptions
By , Financial Times, 12/07/2007
MarketMinder's View: If it’s not inflation, it’s deflation, and if it’s neither—it’s stagflation. We’d prefer to enjoy today’s low inflation, healthy economic growth environment and ignore the doomsayers.
Market Misperceptions
By , ABC News, 12/07/2007
MarketMinder's View: Huh? Finally? So, third quarter GDP growth estimated at a whopping 5% doesn’t count?
Market Misperceptions
By , The New York Times, 12/07/2007
MarketMinder's View: Learn to love headlines like this. Yet another rationalization of good news as somehow bad.
Market Misperceptions
By , Bloomberg, 12/07/2007
MarketMinder's View: “Higher market rates pushed up the cost of lending everywhere, making it costlier for companies and consumers to fund new spending or investment.” Not true. Most borrowing costs are even lower today than at the beginning of the year.
Market Misperceptions
By , MSNC.com, 12/07/2007
MarketMinder's View: Remember when $90 oil caused panic and calls for a recession? Heck—that happened when oil hit $40/barrel. In either case, the price of oil told us little about the future direction of the economy and was (and still is) a reflection of economic strength.
Sensible Stories
By , the Wall Street Journal, 12/07/2007
MarketMinder's View: “When we restrict trade in these goods and services, we stop valuable skills and experience flowing from one part of the global economy to another.” If this is indeed true (which we believe it is), why restrict trade in ANY goods and services?
Sensible Stories
By , High Country News, 12/07/2007
MarketMinder's View: Folks throughout the country continue to battle with government for property rights. Fight on!
Sensible Stories
By , The New York Times, 12/07/2007
MarketMinder's View: Emerging markets hold great opportunities for investors, but recall that high returns also means high risk. Be wary. Political corruption is just one prevalent issue.
Sensible Stories
By , The Wall Street Journal, 12/07/2007
MarketMinder's View: A must read—very thoughtful and realistic view on the state of the economy.
Market Misperceptions
By , Businessweek, 12/07/2007
MarketMinder's View: Um, yes. Instead, we’re asking: “How much damage will this government intervention do to our market-based economy?”
Market Misperceptions
By , The Wall Street Journal, 12/06/2007
MarketMinder's View: This is no revelation. For decades analysts have predicted big Pharma’s demise.
Market Misperceptions
By , The Wall Street Journal, 12/06/2007
MarketMinder's View: If we give it long enough, eventually they’ll blame the credit crunch for lead in children’s toys.
Sensible Stories
By , Bloomberg, 12/06/2007
MarketMinder's View: For all the recession talk, the data suggests continued global economic strength.
Market Misperceptions
By , AFX News Limited via Forbes, 12/06/2007
MarketMinder's View: “What we are witnessing is essentially the breakdown of our modern day banking system, a complex of levered lending so hard to understand that Fed Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August.” With all due respect to Mr. Gross, it’s difficult to take such doomsday talk seriously in light of recent economic strength.
Sensible Stories
By , the Wall Street Journal, 12/06/2007
MarketMinder's View: Negotiations to cut trade barriers are of benefit to everyone—this is a step in the right direction.
Market Misperceptions
By , The Telegraph, 12/06/2007
MarketMinder's View: The last thing markets need is more bureaucratic oversight.
Sensible Stories
By , MSNBC.com, 12/06/2007
MarketMinder's View: Given today’s global investing landscape, it’s worth keeping tabs on other major central banks in addition to the Fed.
Sensible Stories
By , The New York Times, 12/06/2007
MarketMinder's View: “The economy might prove more resilient than a lot of the doomsayers have been saying.” We agree!
Market Misperceptions
By , The Wall Street Journal, 12/06/2007
MarketMinder's View: More and more, folks are simply assuming we’re headed for recession, even as evidence to the contrary piles up.
Sensible Stories
By , The Wall Street Journal, 12/06/2007
MarketMinder's View: The beneficiaries of the so-called super fund aren’t much interested because they didn’t need help in the first place.
Sensible Stories
By , Forbes, 12/06/2007
MarketMinder's View: Residential real estate might be on a decline, but commercial real estate (accounting for nearly half of total real estate) is holding up quite well.
Sensible Stories
By , The Wall Street Journal, 12/06/2007
MarketMinder's View: Two cogent pieces suggesting the plan to freeze interest rates is dangerously coercive and government should have stayed out of the whole thing. We agree.
Sensible Stories
By , Bloomberg, 12/06/2007
MarketMinder's View: Signs of irrationality and mania in China’s stock market: “In the current volatile market, investors prefer new share sales as they are seen as less risky” and “Large companies named after ‘China’ are particularly favored.”
Market Misperceptions
By , The New York Times, 12/06/2007
MarketMinder's View: A true sign of the times, illustrating how today’s corporate titans are viewed largely as villains.
Market Misperceptions
By , Bloomberg.com, 12/06/2007
MarketMinder's View: No, uncertainty is another word for risk—an integral part of any investment. Basing your outlook on murky Fed-speak is more akin to gambling than sound investing.
Sensible Stories
By , The Economist, 12/05/2007
MarketMinder's View: High demand for raw materials and industrial equipment is a sign the global economy continues to grow.
Sensible Stories
By , Bloomberg, 12/05/2007
MarketMinder's View: “Inflation is a diminished threat.” Well said.
Market Misperceptions
By , The Telegraph, 12/05/2007
MarketMinder's View: Unless we find a new use for gold, this is of little significance in the long-term.
Sensible Stories
By , Financial Times, 12/05/2007
MarketMinder's View: We can’t blame these EU countries for not wanting more bureaucratic oversight.
Sensible Stories
By , Bloomberg, 12/05/2007
MarketMinder's View: Despite the article’s dour tone, this news contradicts the entire notion of a credit crunch—mortgage lenders are still lending, and borrowers are still borrowing as rates remain low.
Market Misperceptions
By , The Telegraph, 12/05/2007
MarketMinder's View: Hmmm, let us think…NO!
Sensible Stories
By , Kiplinger, 12/05/2007
MarketMinder's View: Wow, that’s great! Now all we need is a bear market. Too bad we won’t have one for a while.
Market Misperceptions
By , The Wall Street Journal *, 12/05/2007
MarketMinder's View: Great plan! Now all we need is a recession. Too bad there isn’t one in sight.
Sensible Stories
By , MarketWatch, 12/05/2007
MarketMinder's View: Playing the blame game is the politico’s modus operandi. Making big banks the scapegoat won’t help stocks.
Market Misperceptions
By , Forbes, 12/05/2007
MarketMinder's View: Just a week ago, pundits were crying about how oil prices would stay high forever. Now they prices are headed for a major fall. Go figure.
Market Misperceptions
By , The Independent, 12/05/2007
MarketMinder's View: You have to love to live in a world where the “perfect storm” equates to 2% economic growth—oh the misery!
Sensible Stories
By , TCS Daily, 12/05/2007
MarketMinder's View: “It's critical to remember that profit helps drive innovation.” Profit motive is a powerful driver in making our world better and more efficient.
Sensible Stories
By , The New York Times, 12/05/2007
MarketMinder's View: It’s about time!
Sensible Stories
By , The Australian, 12/05/2007
MarketMinder's View: A terrific critique of the US government-backed subprime bailout plan.
Market Misperceptions
By , Kiplinger, 12/05/2007
MarketMinder's View: Wow, that’s great! Now all we need is a bear market. Too bad we won’t have one for a while.
Market Misperceptions
By , MSNBC, 12/04/2007
MarketMinder's View: An alternate headline could be: “Consumer Spending Continues Growing, Inflation Remains Low.”
Sensible Stories
By , Financial Times, 12/04/2007
MarketMinder's View: Putting currency concerns into perspective.
Market Misperceptions
By , Reuters.com, 12/04/2007
MarketMinder's View: Maybe you can use the violins to play sad songs as you miss out on returns offered from historically better-performing (and more appropriate) asset classes.
Market Misperceptions
By , International Business Times, 12/04/2007
MarketMinder's View: Um . . . when isn’t the market choppy?
Sensible Stories
By , The Wall Street Journal, 12/04/2007
MarketMinder's View: A reduction in corporate taxation would likely benefit the economy and reduce trade barriers.
Sensible Stories
By , The Wall Street Journal, 12/04/2007
MarketMinder's View: "Corporate taxation reduces the return on capital and thus discourages investment." Well said. Let’s get more competitive globally and cut America’s corporate tax rate.
Market Misperceptions
By , The Wall Street Journal, 12/04/2007
MarketMinder's View: Wait . . . we should hope for economic weakness because it could help strengthen the dollar? Downright silly. A strong dollar shouldn’t be a goal unto itself. And the dollar’s relative strength doesn’t dictate market direction.
Sensible Stories
By , CNNMoney.com, 12/04/2007
MarketMinder's View: “Free trade” shouldn’t just be applied to goods and services. By limiting the import of human capital, we’re only hurting ourselves.
Sensible Stories
By , Kiplinger, 12/04/2007
MarketMinder's View: What’s up is that rising oil prices haven’t crimped the economy like many feared.
Market Misperceptions
By , BBC News, 12/04/2007
MarketMinder's View: No.
Sensible Stories
By , The Boston Globe, 12/04/2007
MarketMinder's View: Looking is fine. But please, don’t meddle. Telling credit card companies they can’t be compensated for their risk doesn’t give them much incentive to lend.
Sensible Stories
By , Bloomberg, 12/03/2007
MarketMinder's View: This would be a “Story to Ignore” except for the following: “In the last expansion, profit margins began contracting in late 1997; there was no recession until March 2001.” Shrinking year-over-year earnings growth doesn’t necessarily portend bad times. Read “Earnings Dilemma,” 11/28/2007.
Market Misperceptions
By , Bloomberg, 12/03/2007
MarketMinder's View: Will the dollar rally in ’08? Better question—does it matter for stocks? Weak or strong, the dollar’s relative strength doesn’t dictate market direction.
Sensible Stories
By , Times Online, 12/03/2007
MarketMinder's View: Investment funding is still available—traditional lenders aren’t the only game in town anymore.
Sensible Stories
By , newsvine.com, 12/03/2007
MarketMinder's View: The folly of government intervention in market pricing illustrated. Congress wants to charge imports a fee to promote domestic dairy products—just plain silly. And since when is Congress in the advertising business?
Sensible Stories
By , Forbes, 12/03/2007
MarketMinder's View: A major win for fans of freedom and capitalism globally.
Sensible Stories
By , The New York Times, 12/03/2007
MarketMinder's View: A reminder: The typical credit crisis doomsday scenario is “a conclusion that is an estimation based upon a guess.” For more rational analysis, read this.
Sensible Stories
By , The Wall Street Journal, 12/03/2007
MarketMinder's View: This is good news! A big chunk of subprime mortgagees actually qualified for higher-rated loans—which means they can more easily refinance and aren’t likely to default—making dour “subprime implosion” predictions still more overblown.
Market Misperceptions
By , MoneyWeek, 12/03/2007
MarketMinder's View: Setting the stage for stronger-than-expected global growth and earnings to continue surprising to the upside.
Market Misperceptions
By , Herald Sun, 12/03/2007
MarketMinder's View: Trade deficits are not indicative of weak economic performance—just look at the US and the UK!
Sensible Stories
By , The Wall Street Journal, 12/03/2007
MarketMinder's View: An international government initiative faces market flaws?! What a shock!
Market Misperceptions
By , International Business Times, 12/03/2007
MarketMinder's View: Government intervention generally makes everything squirrelly. The best solution would be market-based.
Market Misperceptions
By , ABC News, 12/03/2007
MarketMinder's View: The metaphor that you’re going to receive some sort of bill for national debt is ridiculous. National debt is nowhere near worrisome levels. Leverage helps the economy grow—we could use more of it!
Market Misperceptions
By , The Telegraph, 12/03/2007
MarketMinder's View: Using short-term figures to predict long-term shifts isn’t the best way to make a valid point.