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The employment outlook is improving (2)
Consumer confidence is slowly rising
More signs of a housing bottom
New York bound
Monetary policy update
The early 1980s recession was much worse than today
Mortgage rate update--the deal of a lifetime
Household financial burdens ease
Housing market continues to improve
Credit default swap spreads are narrowing (5)
FOMC wimps out again
Fear subsides, prices rise (12)
Dollar nearing a critical level
Oil factoids
Leading Indicators confirm recession end
Honduras update
Why the bond market is so complacent
It's getting better all the time
Household Net Worth stabilized in Q2/09
The storm has passed
Unemployment claims continue to decline slowly
Emerging markets stage a dramatic comeback (2)
Putting the equity rally in perspective
Housing bottom in place
Roadblocks to healthcare reform
U.S. exports are rebounding (6)
Best article I've read in ages
Medicare and Medicaid plan to ration heath care
Rising money velocity drives the economy
No shortage of money (13)
Credit spread update
Implied volatility update (2)
Market expects an easier Fed, despite signs of rec...
Swap spread update
Commodity prices up 30%
$17.5 trillion and counting
Obama punishes Chinese success at the expense of U...
Federal budget update
Weekly claims still trending down
Trade data point to a V-shaped recovery
Obama's healthcare speech
Fear subsides, prices rise (11)
Challenge your assumptions on healthcare
Weaker dollar, stronger equities (3)
Camille Paglia rips the Democrats again
Copper update
The unemployment rate is awful, but that is old news
Commodities update
A glimmer of good news in the jobs data
TED spread update
Gold makes another run at $1000
ISM service sector indices show growth and inflati...
Unemployment claims update
The employment outlook is improving
Corporate layoffs have all but vanished (3)
Auto sales update
Obama: Indoctrinator in Chief?
Economic wisdom for the ages
Weaker dollar, stronger equities (2)
Construction spending update
ISM index points to V-shaped recovery
One year!
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About Me
View my complete profile
Favorite blogs
Brian Wesbury
Cafe Hayek
Calculated Risk
Carpe Diem/Mark Perry
Cato-at-liberty
Coyote Blog
Don Luskin
Donald Marron
Ed Yardeni
Greg Mankiw
Instapundit
John Cochrane
John Gruber
John Taylor
Keith Hennessey
Larry Kudlow
Marginal Revolution
Mark Perry
Power Line
RealClearMarkets
RealClearPolitics
Richard Epstein
Scott Sumner
Stephen Williamson
Watts Up With That?
Zero Hedge
Favorite books
"A Random Walk down Wall Street" -Burton Malkiel
"FDR's Folly" -Jim Powell
"I Am John Galt" -Don Luskin
"Panic" -Andrew Redleaf and Richard Vigilante
"Parliament of Whores" -P.J. O'Rourke
"Popular Economics" -John Tamny
"The Education of a Speculator" -Victor Niederhoffer
"The Financial Crisis and the Free Market Cure" -John Allison
"The Seven Fat Years" -Robert Bartley
"The Way the World Works" -Jude Wanniski
"Wealth and Poverty" -George Gilder
Monday, September 14, 2009
$17.5 trillion and counting
The market cap of global equity markets is now up $17.5 trillion (+68%) from its March '09 lows. It has now recovered almost half of what it lost ($36.4 trillion) from its highs ($62 trillion) of late 2007.
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