Goldman (GS), Morgan Stanley (MS) and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche Bank (DB) prepares to name names in its gold manipulation scandal. And US stocks keep rising…what’s wrong with this picture?
Corporate Earnings (Among Other Things) Go From Bad To Horrendous
Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche Bank prepares to name names in its gold manipulation scandal.
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