Markets, Manias and Cranks, Part II

by Brian Maher
Daily Reckoning

In yesterday’s reckoning, we brought you the first part of our interview with Chuck Butler. Chuck’s the writer of the indispensable Daily Pfennig newsletter andthe managing director of EverBank’s Global Markets Group.

We discussed how the U.S. economy is flirting with recession despite all the happy talk by the mainstream press… Britain leaving the European Union… the “Shanghai Accord”… and more.

Chuck mentioned yesterday that he didn’t foresee the Fed raising interest rates anytime soon, despite what seem to be good unemployment numbers. He added these comments in this morning’s Daily Pfennig:

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