Markets

Jun 19, 2004 at 00:00

I think the rapid growth in the money supply is yet more evidence of hedge funds and corporations unwinding their positions and going to cash. To the extent that the…

Jun 18, 2004 at 00:00

"Price Stability" is a Red Herring. Instead, the issue today should be Monetary Stability, an admittedly, but necessarily, imprecise measure of the general financial AND economic environment - and the…

Jun 19, 2004 at 00:00

Thanks to all these bubbles, the American consumer borrowed a mind-boggling $879.9 billion last year, having borrowed $775.7 billion the year before. However, most of the borrowed money went into…

Jun 19, 2004 at 00:00

What does this have to do with the remainder of June? It means that green Wave C down just started at today's highs. Wave C down is known for its…

Jun 18, 2004 at 00:00

The possibilities of something going wrong cannot be estimated on any reasonable criteria but, if they do go wrong, then oil could spike much higher, say $60 or more. Indeed,…

Jun 19, 2004 at 00:00

Therefore, Mr. Greenspan has come to a dead end street with his monetary policy. Despite ultra easy monetary policies the bond market has tumbled since March of this year with…

Jun 18, 2004 at 00:00

And central banks are notorious for acting like a herd of sheep. When one acts, the rest tend to move in sympathy as well. Peer pressure in central banks appears…

Jun 18, 2004 at 00:00

A world economy that labors under such chronic imbalances with goods and services flowing to the biggest and richest economy and its fiat money drifting to poorer countries is highly…

Jun 18, 2004 at 00:00

Now this convalescing bull will have his good years and his not-so-good years. In a nutshell, I believe the odd numbered years will be mostly bullish while the even numbered…

Jun 17, 2004 at 00:00

The market looked as though it was going to tumble as the prospect for aggressive interest rate hikes grew. Then the publication of low core inflation rates calmed the market,…