Many of you who have been distance runners or watched track events as spectators have noted changes in leadership during a race. He who dashes out of the blocks rarely crosses the finish line first. Handicapping interest rates for 2010 reminds us of running a long distance race. There are many forces which are likely [...]
Taking a Breather
The stock market has been under some pressure the past few days, a reflection of various forces. First, economic data out of China indicates that the economy there is roaring along—fast enough, in fact, to cause growing inflation fears and the beginnings of monetary tightening. Initial reaction is that rising inflation expectations in China will [...]