Markets

Jun 23, 2003 at 00:00

In light of all of this, have you ever stopped to consider just how much commercial advertisement the average person living in America is subjected to these days? The first…

Jun 08, 2003 at 00:00

Much has been written about the various financial "bubbles" of our times, including the excess valuations in stock, bond and real estate prices. But comparatively little has been written about…

May 29, 2003 at 00:00

There are at least three major reasons for believing that 2004 will be the first of many bad years to come for real estate and ultimately the "beginning of the…

May 26, 2003 at 00:00

In the 1930s, unilateral default was the rule rather than the exception. This despite the fact that commodity prices rallied quite vigorously from about 1932 to 1937. The general economy…

Jul 26, 2003 at 00:00

Since recessions are by nature deflationary, the Fed will respond with the rest of its arsenal, as they view deflation as the worst of all possible worlds. I believe they…

Jul 19, 2003 at 00:00

The testimony was classic Greenspan: allude to "potential" recovery, positive "tendencies" but don't cite actual figures, while mentioning the problems as "risks." Indeed, as Art Cashin noted to me in…

Jul 12, 2003 at 00:00

Last week's letter brought more than a few readers to question my analysis of the economy. How can I suggest Muddle Through* (even with an asterisk) given the terrible imbalance…

Jul 05, 2003 at 00:00

Going back to my January 2003 forecast, so far we are more or less on track. I called for a Muddle Through, slower growth economy which would avoid recession; a…

Jun 28, 2003 at 00:00

Since I normally simply analyze Fed actions rather than prescribe them (I assume Greenspan does not really care about my opinions) I was brought up a little short, and answered…

Jun 21, 2003 at 00:00

The dramatic fall of the Japanese Bond market this week, plus the rather high-pitched statements from the Bank of Japan suggest the Japanese Central Bank is close to the end…