The UK economy is primed…
The Japanese Yen experienced a…
The world's economic myths, especially…
Adjusting the arcane rules governing exchange trading execution will not remedy broader financial-system problems and global macroeconomic mismanagement that are producing a new wave of volatility in the world’s securities…
What has been one of the best performing stocks for the past week? Good old BP (BP), which clawed back an 18% pop off the bottom, a 13% gain from…
It is becoming increasingly clear that the US economy once again fell off a cliff in May. Commodity prices have dropped like a stone, the Baltic Dry Shipping Index has…
We're living in an age of commodities volatility. The last ten years have seen a number of big price swings for many natural resources. Uranium ran from $10 to $140,…
The global economic system which easily facilitates tax evasion, money laundering and government corruption, is the same system employed by gun runners, drug cartels and terrorist groups to perpetuate their…
China's strengths get relentless coverage, its headwinds less so. We all know China's strengths: hard-working populace, high savings rate, a so-far wildly successful marriage of Central State-managed economy and several…
As a commercial pilot with 30 year's experience, I can tell you that there is no more sickening feeling than hearing your stall warning alarm during a takeoff. That is…
China has just signed a trade agreement with its rebellious, capitalist province, Taiwan, which has major long term implications for the rest of us. The deal has China chopping import…
I mentioned a couple of weeks ago about some odd happenings in the T-Bill market. Between June 1 and 14, yields on the four-week Treasury fell off a cliff. Diving…
I am getting tired of the endless procession of permabulls who keep insisting that at a 13 times multiple, the S&P 500 is cheap. The last time I heard this…
Whew! That was close! After 18 months of threats, saber rattling, and posturing about the demise of the competitiveness of the American banking system, we finally have a financial reform…
Everywhere I turn these days, I hear a rising clamor and rancor to cut the spending that is creating deficits that will lead to the death of us all and…
The truly significant move in the capital markets last night was the atrocious performance of the Shanghai market (FXI), which plunged 3.4%. The index is now off more than 30%…
Bank of Japan Deputy Governor Kiyohiko Nishimura discusses "informational advantage" this week at the Lujiazui Forum on economics and finance in Shanghai: "In my understanding, the Volcker Rule [proposed legislation…
Even the most optimistic permabulls have to be rethinking their scenario after looking at writing on the wall that is so obvious, they can see it with their own blinkered,…
$12 billion is 1.1% of $1.127 trillion. These are important numbers. And the gap between them is even more critical. According to testimony by U.S. Treasury Secretary Tim Geithner before…
Despite all the talk that foreigners (China, Japan, et al.) will flee U.S. government bonds, the market remains stubbornly buoyant. Last week we got the latest numbers on foreign buying…
OK, I promise I won't talk about BP again until the stock breaks one way or another. But no sooner do I put out the call to buy the pariah…
The great thing about the residential real estate market is that it floods us with tons of hard data. The bad news is that all of these tea leaves have…
I am not in the habit of regularly lifting data out of the Wall Street Journal, but even a blind squirrel occasionally finds an acorn. I was tempted by the…