To: Wall Street chief executives
From: Your man in Washington
Re: Embracing the status quo
Our earnings are robust, our compensation has returned to its naturally high levels and, as a result, we have very nearly regained our grip on the imaginations of the most ambitious students at the finest universities — and from that single fact many desirable outcomes follow.
Thus, we have almost fully recovered from what we have agreed to call The Great Misfortune. In the next few weeks, however, ill-informed senators will meet with ill-paid representatives to reconcile their ill-conceived financial reform bills. This process cannot and should not be stopped. The American people require at least the illusion of change. But it can be rendered harmless to our interests.
Why the S&P 500 will continue to beat bonds and cash in a muddle-through
second half, say these strategists
-
A report from Ned Davis Research describes three possible growth scenarios,
but the base-case is muddling through
48 minutes ago