In recent years, big cruise operators such as Carnival, Royal Caribbean, and Star Cruises have spent heavily on soaring atriums, sushi bars, cabaret shows, and on-deck water slides to woo vacationers. Don’t tell that to John McGuffick, who’s spent months at a time at sea on cargo vessels—happily ensconced in quarters more suited to a Trappist monk than a Caribbean cruiser.
Travelers Are Taking No-Frills Cruises on Ocean Freighters - Bloomberg Business
“Welcome to THE MELT UP,” says Steve Sjuggerud of the Daily Wealth newsletter, who is looking for stocks to “absolutely soar” over the next 18 months. “Whenever we reach an extreme of fear in the markets, a bottom is often right around the corner,” he wrote. “Once the uptrend returnsoh , you MUST own stocks. In August, we reached that extreme of fear. In September, the uptrend returned.” The set-up has Sjuggerud recalling a similar time in the market’s history.
Here comes your biggest melt-up for stocks since 1998 - MarketWatch
It is to Bernanke’s great credit that the shock of 2007-2008 did not trigger another Great Depression. But his response to its aftermath was unexpectedly disappointing. In 2000, Bernanke had argued that a central bank with sufficient will could “always,” in the medium term at least, restore full prosperity via quantitative easing. If a central bank printed money and bought financial assets on a large-enough scale, people would begin to step up their spending. Even if people believed that only a fraction of quantitative easing was permanent, and even if the incentive to spend was low, the central bank could restart the economy.
The Tragedy of Ben Bernanke by J. Bradford DeLong - Project Syndicate
The best argument for a modern Glass-Steagall act is the simplest. We should want a lot more loss-absorbing shareholder equity. And, to reinforce this, we should want to make the largest banks simpler and more transparent, with “strong structural firewalls” as Dennis Kelleher, of Better Markets, puts it.
Resurrecting Glass-Steagall by Simon Johnson - Project Syndicate
The bears continue to roam Wall Street, Cramer told viewers. First they took on the oils, then the industrials and more recently the biotechs. But there are two sectors from which the bears continue to shy away -- auto parts and defense -- and those sectors remain screaming buys.