More people than expected filed for unemployment last month Long term interest rates are up TBond yields are up Home sales drop Detroit file for Bankruptcy Just a few of the good news stories from a few days ago.
Strange the day after Ben threatens to taper, the U.S.Markets jump 130 points on supposedly good news from of all places the EU. I guess any rise in any economic news from the EU could be seen a positive because its coming from such a depressed economy. Australia is looking no better now with the FED putting a levy on bank deposits for any bailout, you know who will pay this levy, well it wont be the banks that have made near record profits.
