Picture du Jour: Post “massive” bear market rallies

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.“Greek drama is now no longer confined to the literature class,” says economist Asha Bangalore of The Northern Trust  Company. “The current Greek economic drama will be enshrined in economic history books and economic/financial policy studies.

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.With many investors lately having become extremely nervous about stock markets, Citigroup strategist Tobias Levkovich argues that the all-out panic actually presents a great buying opportunity for investors.

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.With crude oil prices having surged over the past ten days, Chart of the Day has just produced a long-term chart of the inflation-adjusted price of West Texas Intermediate Crude, providing an interesting perspective.

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The Republican Study Committee on Thursday released its bill on spending cuts, including trimming funding to AmeriCorps and Senior Corps, an end to union

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.“The yearly U.S. trade deficit peaked at 6.4% of GDP in August 2006. It improved significantly after the financial crisis, bottoming out at 3.6% in January 2010. This swing provided a boost to GDP and nudged the U.S. external balance toward a more sustainable level,” said a report by the Council on Foreign Relations.

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.While the debate about the U.S. debt ceiling is taking place, Société Générale ( via Business Insider – Clusterstock) is of the opinion that a downgrading of the country’s sovereign debt is just a matter of when and how fast interest rates on its borrowings rise.

Article written by Prieur du Plessis, editor of the href="http://www.investmentpostcards.com">Investment Postcards from Cape Town" blog.The U.S. economy is on the brink of turning from a deflationary environment to an inflationary one, according to Deutsche Bank (via Business Insider –  Clusterstock).

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.I am finally back home in Cape Town after a number of overseas trips over the past few weeks, including stops in Europe and South America. Both the business and leisure sides of the visit were excellent and enjoyable, having met with old acquaintances and new friends. On top, I was blessed with glorious sunshine in most parts.