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hf-implode.com - 7/26/2009

'Wall Street's Gains Equal Main Street's Loss?'

— hf-implode.com — "In sum, while a growing number of investors seem to believe that Main Street is on the... mend, many of corporate America's senior executives -- who are normally not prone towards pessimistic outlooks -- are maintaining that they see no real evidence of a revival where it counts -- on the ground." (more) 'Wall Street's Gains Equal Main Street's Loss?'

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LInks 7/25/09
naked capitalism — ... came close to using the military to arrest civilians Linda Beale JPMorgan to raise salaries for bankers Financial Times Sign of Improvement On Consumer Debt Wall Street Journal. I find this curious given the deterioration jobs picture. although this looks like one of those second derivative changes being touted as improvement. Less bad is less bad. Weird flaw in the administration's financial reform proposals Economics of Contempt Wall Street's Gains Equal Main Street's Loss? Michael Panzner, Huffington Post ...

Stocks Aren’t A Bargain
Daily Markets — ... Even if you don’t buy my argument that there is plenty more downside to come as far as the U.S. economy is concerned, that doesn’t necessarily mean you should acquire or own stocks. Aside from the fact that revenues aren’t keeping pace with profits and the latter are in many cases being pumped up by quick fixes that undermine future prospects - as I noted yesterday in “ “Wall Street’s Gains Equal Main Street’s Loss?” - the reality is that equities simply aren’t a bargain. Indeed, the Pragmatic Capitalist says as much in a graph-filled post entitled ...