What I’m Reading Today
- “The economy is still deteriorating, job losses are still huge, I really don’t see where earnings will come from to drive valuations. Just because things are getting worse at a slower pace doesn’t mean they’re getting much better” – James Melcher (subscription required)
- Too much, too fast for Chile’s stock market?
- “Staggering Budget Gap and a Reluctance to Fill It”, The New York Times, July 8, B1
- “In A Downturn, Jewelers Aren’t So Precious”, The New York Times, July 7, B1
- “The ultimate reverberation from the Madoff scandal: trust, the foundation between wealth manager and client, has been called into question, if not destroyed” – “How Do I Know You’re Not Bernie Madoff?”, The New York Times, June 13
- “The dignity code itself has been completely obliterated. The rules that guided Washington and generations of people after him are simply gone” – David Brooks, “In Search of Dignity”, The New York Times, July 8