Tanta, the brilliant writer at Calculated Risk passed on Sunday from ovarian cancer. She was a young, 47. I always enjoyed her writing--particularly having studied much of the stuff on my own. So seeing here experienced eye and clear writing helped solidify the concepts for me. I had the pleasure of exchanging a couple of e-mails with her as well. Though I don't visit Calculated Risk very often of late, Tanta's passing is sorrowful for me. She contributed so much.
Contrahour has a missive by Martin Armstrong. Armstrong's writings helped me solidify my understanding of the role of off-index debt in market crashes, and I wrote about it here (look for Martin ARmstrong tags or do a search). Here's his new missive:
UYG: Ouch! Why I'm still hanging on is a mystery even to me.
Recession: Started in December of 2007 as confirmed today--and entire year later. Remember, recessions like bear market bottoms and market tops can only be incontrovertibly called by looking in the rear view mirror. In August of 2007, I felt that we would be in a recession not later than Spring of 2008. My antennae were good.