Hennessy's View

Domine, non sum dignus

Correction

Something weird happened in the stock market today. Yesterday I blogged about the stock markets. I’d been up early to see what was going on in Europe and Asia. I was watching US futures, too. I decided to write about what might happen. And I told you about Ben Hunt, my favorite economics writer. Ben combines remarkable knowledge of game theory and psychology with his genius in finance and economics. Read more →

Insane: Stocks Markets Rally On Economic Disasters

Eurozone’s economy is basically in recession. Walmart lowered expectations. Again. The world is teetering on the edge of World War. The US is launching Iraq War 3.0: Mission Accomplished Accomplished. Germany’s economy is flat, and Italy and France are getting worse. Risk is high. Corporate debt is staggering. The Fed’s balance sheet is a sea of monetized debt. The central banks have nothing left to fix another crash. And the stock markets are rocketing to record highs because of all this news. Read more →

Why Politics is Linked to the Stock Market

Guest Post by Daphne Holmes. There has been a lot of discussion recently, about how big business has too much influence on government. Of course, Democrat pundits are quick to point the finger at Republicans, accusing them of being in the pocket of big business, a charge that the Republicans also level at the Democrats. If you look closely and objectively at how our government does whatever it is that it does, it becomes pretty obvious that both parties are well beyond being “in the pocket” of big business. Read more →

That Hideous Rhythm

I just blogged about the bad, sad events in St. Louis, Missouri, today. A 22-year-old police officer shot to death on duty; a famous, majestic church burned. But looking around the internet, I find bad news all over. It was one of those days when the world’s rhythms crossed into bad vibes. Some of those vibrations shook the earth in Peru, to the tune of 8.0 on the Richter scale, killing at least 850, probably more. Read more →