Green Shoots

The last couple of years have been a treacherous time in the financial markets. There has been no boom in any financial asset with the possible exception of US treasuries. Even there, the pickings have been slim.

I get a sense that we are starting to see green shoots in financial markets. I am not sure if the green shoots will transfer to the economy but I can see them in the financial markets for sure. My belief could be self serving and biased because I do want this period of pain to end and do want to see happier times. However, I've managed to come up with some reasons to justify my gut instinct. You can probably drill a million holes into each reason so if you are a pessimist, you can stop reading further. More...