Markets

Feb 08, 2009 at 00:00

Global stock markets shrugged off dire news on the US employment front, arguing that the gloomy data would hasten US lawmakers' passage of a stimulus package.

Feb 07, 2009 at 00:00

Institutional and retail investors alike are still suffering the spillover effects from a lack of confidence in the financial system. It's not that they utterly lack capital; they're simply too…

Feb 07, 2009 at 00:00

According to Fitch, of the nearly $200 bn of option ARMs outstanding, roughly $29 bn of loans are expected to recast by 2009. Of this $6.6 bn constitute 2004 vintage…

Feb 07, 2009 at 00:00

If nothing else, then the next few days will make or break the current upmove in the equity market. Either the advance will feed on itself in conjunction with --…

Feb 07, 2009 at 00:00

On November 21, 2007 the primary trend, in accordance to classical Dow theory, was confirmed as bearish. To date, nothing has occurred to invalidate that setup. According to Dow theory,…

Feb 07, 2009 at 00:00

I am in principle in favor of a deep and large stimulus package. We need one, but what is on tap is not what will stimulate real job growth. All…

Feb 07, 2009 at 00:00

I am hoping that someone from the media will ask me about my current thoughts on the "deflation or inflation" debate, but they probably won't, since the last time I…

Feb 06, 2009 at 00:00

We've commenced a new cycle dominated by government electronic printing presses in all their various forms. The inflationary consequences will be a different variety than we've grown accustomed to from…

Feb 06, 2009 at 00:00

There has been no better opportunity to buy small-cap gold miners since 2001-03 than during the last quarter. I know, all the gold bugs are telling you the same thing,…

Feb 06, 2009 at 00:00

I am tired of hearing people insist that the Fed can expand credit all it wants. Sometimes an analogy clarifies a subject, so let's try one.