Financial Vertigo
The stock market''s going up, bond yields and mortgage rates are rising, while the economy is contracting.

Is this good or bad?

Are the markets telegraphing that the economy is about to get better?

The secular trend of US and global economic contraction has ....

By Roger Arnold On 5/1/2009

Economic Trajectory and Capital Market Indices
The US economy is now deflating; i.e. in aggregate prices are falling and economic activity is slowing.

The Federal Reserve is countering this by increasing the money supply and reducing interest rates but it is not working.

The result will be a continuation of the US and glo ....

By Roger Arnold On 4/24/2009