Rocky Mountain High

(1) Dizzy in Deer Valley. Level-headed in Chicago. (2) Eleven million Greeks owe over $300 billion. (3) Company contacts say business is fine. (4) The valuation question. (5) Government policies are counterproductive rather than countercyclical. (6) What we see is what we get, for a while. (7) Tranche to tranche warfare in Europe. (8) Using tax receipts as business cycle indicators. (9) No soft patch or double dip in individual tax receipts. (10) Sharp drop in growth of corporate profits tax receipts suggests industry analysts too optimistic about Q3 and Q4.