Shareholders Unite

11 Risks Threatening the World Economy

We did warn...
Stocks fall after weak auction of 10-year notes
finance.yahoo.com/news...=

Why We're Not Buying This Market

We did advise to buy earlier on and still have a buy on InterOil (which really is a no-brainer) :)

Why We're Not Buying This Market

Squares, we agree to a certain extent. The rally so far was justified, at 6500, a severe depression was priced in (we're not THAT pessimistic), but much more upside is not justified. Unless we really see much more fundamental improvement, we can't really see the rally get past 1000 on the S&P anytime soon. We do not think it's likely that we'll see that much fundamental improvement, for the reasons stated in the article. But we have no crystal ball..

Path Dependency in the EU and U.S. Economies

It's not really that surprising. Some path-dependency perhaps, yes, but two factors are more important:
1) The EU financial system was not close to melt-down, like that in the US.
2) Real-wage resistance is generally much higher in Europe, which makes tackling inflation in it's early stages particularly important.