U.S. Hydrogen Developers Seek to Expand IRA Tax Credit Rules
The Bank of Japan raised…
Bitcoin is on the brink…
Ireland’s acceptance of international financial aid to its stricken finance sector is widely seen in the country as a shameful loss of sovereignty and the prelude to years of austerity.…
The top 20% are prospering and spending money; the bottom 80% are not, but thanks to vast wealth disparity, the top slice of households can keep consumer spending aloft. This…
This just might be chart of the year. Chinese buying of U.S. government agency bonds.
I am not of the “V” or “W” persuasion, but see a “square root” shaped economic recovery, a “V” followed by a long, bumpy, but very modest rise. After a…
Let’s put the economic policies the voters chose under the microscope and see what we got. It is not a pretty picture. The bottom line is that my scenario of…
We're a few hours away from the Federal Reserve's expected announcement of more quantitative easing for America. The general expectation is the Fed will buy hundreds of billions worth of…
In the 1948 Frank Capra film State of the Union aircraft tycoon Grant Matthews is drafted as a candidate for president of the United States. Matthews has never sought office…
When I first visited Calcutta in 1976, 800,000 people were sleeping on the sidewalks, I was hauled everywhere by a very lean, barefoot rickshaw driver, and drinking the water out…
Jon Hilsenrath at the WSJ has been THE mouthpiece for Bernanke for the past few months. Bernanke has been telling him what is on his mind and Jon prints it.…
When I wake up at 4:30 am each morning to check the overnight markets and review the opening salvo of incoming emails, I often have trouble focusing in my groggy…
Out of the gate, Italian central bank governor Mario Draghi was the frontrunner. He had restored the integrity of the Bank of Italy that was tarnished by the scandals of…
Japan pulled out the firepower this week in terms of qualitative easing. Speculation is running the Fed will announce same at the beginning of November. And so people are worried.…
I wrote last week about big changes coming to financial regulation in Europe. Look for the sequel soon in the U.S. America is buckling down for a new era of…
Last week, octogenerian Paul Volcker lost his grip. Volcker, who was the Fed chairman before Alan "Bubbles" Greenspan, remembers a time when the Wall Street (aka. the Financial Industry) worked…
Things seem pretty good in the markets these days. Gold once again touched $1,300/oz yesterday. And there's growing talk of $1,500. Base metals prices have remained firm. And equity…
Ireland is high on the list of, “Things that Could Go Wrong Big Time”. The numbers are so scary that they are encouraging. Ireland is a TBTF. If there were…
You may have missed it, but this afternoon a slumbering giant with a formidable arsenal of economic weapons began to awake. That giant is the Fed and its formidable arsenal…
There is a wonderful conspiracy theory propagated by Tea Partiers that has been making the rounds in the financial markets for the past several months. In a desperate attempt to…
The Mainstream Media in the U.S. has presented two basic approaches to understanding China's real estate bubble: 1. There is no bubble in Chinese real estate, as demand for housing…
You'll find there are certain themes that reoccur often in this missive. One of them is U.S. credit. Analysts look at a lot of different numbers to try and figure…