When Prudential Financial Vice Chairman Mark B. Grier went down to Washington early last month to participate in a roundtable the SEC convened to discuss the not-always scintillating topic of market structure, he was odd man out. He was the only certified seer on the panel, having warned the SEC in a meeting only weeks earlier that a runaway market event, like May 6's flash crash, was all-too-possible.[More]
 

By Frank Martin
Talk of a double dip-recession is disingenuous, not much different than labeling the stock market rally from March 2009 to April 2010 as a "new bull market."

In order to have a double-dip recession you must first have something that at least looks like a bona fide recovery. Since the fourth quarter 2009 dead cat bounce in GDP, the economic "growth" numbers have been atypically anemic, well below that necessary to make a dent in the increasingly chronic and therefore problematic overhang of 16.5% of the labor force that is either unemployed or underemployed, a not insignificant 26.5 million souls.[More]
 

Deficit Hawk
© John Darkow, Cagle Cartoons.[More]