The Sovereign Debt Market Explained
The number of headlines focused on sovereign debt these days can be mind bending, but all for good cause. Every day I see articles posted written by a slew of commentators, and I wonder how
The Need to Know – Bloodbath Edition
Not, exactly, a quiet day yesterday. World equity markets collapsed on a culmination of poor data all across the board. The tally: S&P500: -2.28% DJIA: -2.22% FTSE: -1.02% DAX: -1.05% …and as of this writing:
On Arrests, Unwinds and More Bailout Cash
As the rush of unwinds, short term sellers and event-chasers continued to step up to the plate last week, a continued, slight gap lower came in today with the help of yet another event, perhaps
Portuguese Debt Calls Up Euro Price Action
A few things worth nothing today: As is typically the case ahead of any release expected to reign in volatility, EUR/USD hit the breaks at a major technical level (spike base). I was in the
Japan and the US: Two Peas In A Pod?
While we go ahead and make the utterly scary similarities between the US and Japan, the playing field does indeed remain wide open given recent means of monetary policy….but it doesn't change the situation. Since
2010 Performance and Aggregate Data
Below you'll find a list of data used to summarize the overall latest picture of where we will end the year in terms of rates and current status of last month/Q3 data for all others.
And Now For Goldman….
Links below point to Goldman's 2011 Global Economic Outlook piece published roughly a week prior to the Morgan Stanley docs posted yesterday. GS has been criticized lately on their seemingly overly bullish outlook for local
Morgan Stanley Annual FX Review and Forecast
While the focus as usual tends to be on employment growth (which alone we question in the U.S. on a number of fronts, particularly in production and manufacturing) and increased spending/forecast GDP, a question lingering
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Jim Rickards: The U.S. is the World's Largest Currency Manipulator