Markets

Mar 30, 2009 at 00:00

Gold is the best example of how the pricing of risk is being perceived differently from one day to the next. All the markets are extremely volatile and will most…

Mar 30, 2009 at 00:00

That the third US central bank is a failure of promises has yet to be widely accepted, but when it is, we hope it inspires some equally appropriate wit.

Mar 30, 2009 at 00:00

The paper mill on the Potomac is furiously spewing up new money. According to the manager of the mill, as indeed according to the Quantity Theory of Money, this should…

Mar 30, 2009 at 00:00

As postured on these pages for some time now, seasonal inversions in trading patterns of markets tend to occur in mature markets due to sentiment / structural irregularities. In the…

Mar 30, 2009 at 00:00

While the current rally in the Dow Jones Industrial Average - the most visible market to the average American - has caused everyone to breathe a collective sigh of relief,…

Mar 30, 2009 at 00:00

Last week all three resources pulled back after posted gains the week before. This week will be interesting with gold trading at support, silver just above and oil looking like…

Mar 29, 2009 at 00:00

There have been several news reports this past week on the upcoming G20 meeting in London on April 2d. Perhaps the Chinese and Russians have been the most noteworthy in…

Mar 29, 2009 at 00:00

Any criticism of Obama's economic illiteracy -- no matter how accurate -- is in danger of being met with a storm of abuse from his cultist followers. Even Bill Clinton…

Mar 29, 2009 at 00:00

Is what we are experiencing with the economy the beginning of the 'Economic Armageddon' that Stephen Roach forecast for the U.S. in November 2004?

Mar 29, 2009 at 00:00

This is a week where we expect a mix of action - i.e. a slight continuation of the move higher into 4/1 and then a larger retracement into 4/8. However,…