Markets

Mar 17, 2009 at 00:00

The amount of new money created over the past year is certainly dwarfed by the reductions in market values, but a rise in market value does not constitute inflation and…

Mar 16, 2009 at 00:00

Most investors don't take seriously warnings about the future of the economy and the financial marketplace, but those who did avoided the dreaded "Cs" of finance: the Credit Crisis and…

Mar 16, 2009 at 00:00

It's true that the Japanese authorities did not create any enduring price inflation after their credit crash. But a quick look at the data shows that this is because they…

Mar 16, 2009 at 00:00

The deepening recession and spreading financial crisis is the beginning of the unwinding of about three decades of financial leverage and spending excesses. The process will probably take many years…

Mar 16, 2009 at 00:00

Of course, no such story would be complete without an ex-government employee to vouch for the soundness of this ongoing AIG bailout. I mean, without it we'd all be totally…

Mar 16, 2009 at 00:00

Encouraging more production and more spending in the wake of falling consumer demand and rising unemployment is simply asinine. Indeed, asininity is running rampant.

Mar 16, 2009 at 00:00

As you can see on what I have entitled the Grand Super-Cycle Chart of the SPX, technical conditions are very oversold and showing signs of a loss in momentum to…

Mar 16, 2009 at 00:00

... there is no fund, only the system of IOUs which backs the entitlement programs. It turns out Congress, via the Treasury, has found yet another "unused" pool of money…

Mar 15, 2009 at 00:00

Since we are in an historic set of economic conditions, and we have experienced an historic recent decline in equity prices, it is appropriate to examine historical market trends to…

Mar 15, 2009 at 00:00

Despite last week's big jump in the equity markets, the "dumb money" remains bearish on equities. These investors appear to be reluctant and still on the sidelines. The "smart money"…