Daniel Chow's Page

Dear G-20 Colleagues:

When we met in London in April of 2009, we were facing the worst worldwide economic financial crisis since the 1930s. We acted with unprecedented speed and aggressive action to boost demand and repair our financial systems. It worked.

In Pittsburgh, with recovery… Continue

These four self explantatory charts from a recent Morgan Stanley European equity strategy report - Equity implications of rollover in growth leading indicators - could'nt provide a bigger sell signal.

Here's the OECD World leading indicator at a 34 year high...

… Continue

"Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated and most expensive investment advice ever given in the boom just before a financial crisis stems from the perception that 'this time is different.'

"That advice, that the old rules of valuation no longer apply, is usually followed up with vigor. Financial professionals and, all too often, government leaders explain that we are doing… Continue

A satirical / dark humor letter from the boss of an American company to its employees:

As the CEO of this organization, I have resigned myself to the fact that Barrack Obama is our President, and that our taxes and government fees will increase in a BIG way. To compensate for these increases, our prices would have to increase by about 10%.

Since we cannot increase our prices right now due to the dismal state of the economy, we will have to lay off six of our employees instead.

This has rea… Continue