Tuesday, July 13, 2010
Meanwhile, what's not to like about this? The fears of a double-dip recession were rampant not too long ago, and now they are being slowly replaced by facts which suggest a double-dip is far from imminent (e.g. declining swap spreads, strong corporate profits, strengthening federal revenues, to name but a few). The Vix is declining as fears decline, and stock prices are moving up.
Posted by Scott Grannis at 12:54 PM