Not a lot of links today. One link I did want to talk about was the Barron's Roundtable Midyear Update. It's largely the same cast it has been for a few years but for the past few years, the topics have been heavily macro instead of oriented toward markets and stockpicking. I think this goes to the environment we're operating in, which is unusual.
On that score Felix Zulauf has been the best prognosticator of the lot. Here's what he's saying now. (I have highlighted the most important parts):
Is there a good word from Europe?
ZULAUF: Adjusted for inflation, Italy trades at levels last seen in Mussolini's era. Greece trades at 1.5 times the Shiller P/E ratio [the market's current price divided by the past 10 years' inflation-a...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.