Tuesday, May 11, 2010


Looks good, but...

...looking healthy on the consumer side, but still anemic in real estate markets and investment most likely to produce employment gains. I have also been getting largely anecdotal reports that bid-ask spreads in most markets are heading quickly toward convergence.

Some real positive signs, and the U.S. is clearly benefiting from Europe's difficulties.

In tin-foil hat news, I have also received reports of large trucks in Germany near large banks...the speculation being that the D-Mark will be back. This is of course silly, but it does add to Europe Schadenfreude.

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