Worries about the economy are keeping market analysts up at night. I appreciated getting a good news story from Lynn Lewis at Scotia Mcleod, Toronto to help understand the situation.
Green shoots turn out to be weeds, says Ross McKitrick, Financial Post:
The four problems are: the diluted balance sheet of the U. S. Federal Reserve; Obama's deficit binge; the growing wave of "Option-ARM" mortgage resets in U. S. real estate; and the California state budget crisis. We need to watch how these issues develop over the summer to know whether a recovery later this year will be possible. Those green shoots could be weeds.