[lbo-talk] worldview

[Doug Henwood]

Wall Street's favorite economist, Ed Hyman, likes to annotate headlines and news snippets. In today's morning report, he groups some under "depressing" and others under "encouraging."

Depressing:

Unions Join Wall St Protest (NYT)
Senate Democrats proposed a 5% surtax on incomes over $1m (WSJ)

Encouraging:

Merkel Ready to Aid Banks (IBD)
The BoE expanded its bond-purchase plan to $420b from $300b (Bloomberg)
IMF Considers Plan to Purchase European Bonds (WSJ)

Gotta love that state when it supports The Market, eh?

Doug