Here are some interesting stories I’m reading today:
Recession? Not So Fast, Say Some — Wall Street Journal
A funny thing happened to the economy on its way to recession: It’s taken a detour … Click here.
The Kudlow Conundrum — Forbes, Digital Rules by Rich Karlgaard
I spent a fascinating hour yesterday with Peter Thiel, co-founder of PayPal and now president of a $3 billion hedge fund called Clarium Capital Management. According to the latest Barron’s survey of top 75 hedge funds, Clarium has knocked out a 40.8% three-year annualized return … Click here.
Who Stole the American Spirit? — Wall Street Journal op-ed by Zach Karabell
[T]here is something both startling and disturbing about the gloom that has settled over Wall Street and the country in general. In fact, looking back over the past century, it would be a stretch to rank the current problems as especially notable or dramatic. Something else is going on – namely a cultural rut of pessimism that is draining our collective energy, blinding us to possibilities, and eroding our position in the world … Click here.
Wall St Gains after Inflation Data — Financial Times
US stocks made strong gains in early trade as investors responded to a government report suggesting the economic slowdown may be easing inflationary pressures … Click here.
Who Wants to Be a Millionaire? — Wall Street Journal editorial
We can’t wait to hear how Members of Congress explain their vote this week for the new $300 billion farm bill. At a time when Americans are squeezed at the grocery store, they will now see more of their taxes flow to the very farmers profiting from these high food prices … Click here.