3 things bigger than tapering on Wall St - (1) The impending deadlines for the debt-ceiling and cash crunch in the next 2 months will almost certainly see a disorderly reaction in the markets (2) A long slog in US housing is expected as new home sales fall 13.7% in July alone and housing prices remain at historic lows (3) Companies are hoarding cash ($2.2 trillion in investment since GFC ); this is alarming as US equities are hitting daily new highs while CEOs are so cautious about the economy that they are investing at recession-era pace. (VIEW LINK)



James Marlay

Very god observations and interesting to see how the first point dominates the press once it comes into focus. I don't know if it will be as big of a political issue as last time around but you never know