Wanted: Better Data, Not QE3

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	Monday August 22, 2011 Email Me | Unsubscribe Trouble Reading this Email? - Click Here End of the Selling? QE3 Won't Help The Importance of Durable Goods Fellow Investor, Stocks are up today, so far. Speculation that the Fed will not be able to resist more quantitative easing is putting a floor under stock prices. And the news that Qaddafi is just about defeated in Libya is helping the good vibes. But clearly, this market will need more than speculation about the Fed and the easing of some geopolitical tension. We need some economic data to show a little growth, and ease the worries that the U.S. economy is slipping back into recession. In general, recessions are caused by shocks to the economy that put fear into consumers and corporations alike. The resulting layoffs and tighter spending habits cause the economy to move in reverse. We have not been hit by such a shock recently (even though the situation in Europe could become one). The issue today is that growth is so weak, even a cyclical decline in economic activity could put us back into recession. Still, the odds of this type of cyclical recession are small. It's the debt issues in Europe and their effect on European bank balance sheets that's the problem. European banks hold of sovereign debt. And if that debt gets restructured, already weak banks will take losses and become weaker, perhaps to the point that they have to raise cash on the open market. It's being reported today that U.S. banks and corporations borrowed $1.2 trillion in emergency loans from the Fed during the financial crisis. Without that capital, it should be clear the crisis would have been far worse... [continue reading at WyattResearch.com] Click to view the remainder of the article... Ignore this News if You Support Vladimir Putin Shadow president of Russia Vladimir Putin has for the past decade used Russia's vast pool of fossil fuel resources to dictate policy in Europe. He's cowered all but his staunchest critics by threatening-and even acting on those threats-to turn off the gas and oil spigot. But there's new player in town ready to exploit a newly found treasure of natural gas. In fact, this country has an estimated 48 trillion cubic feet of natural gas right under its feet-all of it outside of Putin's reach. It's invited a top tier North American company to extract that gas and create energy independence. This company is trading for around $5.00, making it an attractive portfolio addition for any serious investor. Click here to find out how you can tap into this growth story.   Market Snapshot US Markets - August 19 Close Dow Jones 10,817.65 -173 (-1.57%) S&P 500 1,123.53 -17.12 (-1.50%) Nasdaq 2,341.84 -38.59 (-1.62%) Currencies EUR/USD 1.437 -0.002 (-0.171%) USD/JPY 76.765 +0.225 (+0.294%) GBP/USD 1.657 -0.003 (-0.02%) Recent issues of Daily Profit Europe, Earnings and the Odds of a Recession Euro-Banks Worry Fed and Investors  Tech Stock Earnings Indicate Stable Consumer Spending  more» Valuable Investment Ideas From Wyatt Investment Research Buy Gold & Silver to Protest the Fed I accuse Ben Bernanke of defrauding everyone who holds dollars and dollar denominated assets. more» Retirees: The State Cannot Save You Many well-meaning people believe that if all else fails, the United States Federal Government will swoop in and give them a personal bailout. more» Small Cap vs. Large Cap Stocks If you do your homework and dig deep into the financials of small-cap stocks, you can reduce risk and increase reward dramatically. more» Independent Investment Services Wyatt Investment Research provides investment research that is independent of the back door deals and machinations of Wall Street. more» Need to retrieve your password in order to view our articles? Click here. Disclaimer & Important Information Wyatt Investment Research and Daily Profit is owned and published by Business Financial Publishing, LLC of Washington D.C. Business Financial Publishing is neither a registered investment adviser nor a broker/dealer. Readers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. We encourage you to review our full Disclaimer and Disclosure policies. To view our Disclaimer Policy, please click here. To view our Disclosure Policy, please click here You are subscribed with the following email address: ignoble.experiment@arconati.us To unsubscribe from this newsletter, please click here. If you believe this communication to be a mistake or unsolicited, please e-mail abuse@bfpnewsletters.com with details regarding your situation, and we will be sure to promptly investigate your situation. Copyright (c) 2011 Business Financial Publishing, LLC. | Privacy Policy Wyatt Investment Research c/o Business Financial Publishing 65 Railroad Street Richmond, VT 05477 PO Box 790