Markets

Feb 14, 2003 at 00:00

Weekly bankruptcy filings jumped to 32,223, up 9% to the highest level since early November. Last week’s filings were up 14% y-o-y, on top of a high base created by…

Feb 07, 2003 at 00:00

In the short run, a heavy burden of decision might fall on the Federal Reserve System, which has broad authority to purchase the securities of or, in certain circumstances, to…

Jan 31, 2003 at 00:00

Importantly, the Japanese Credit Bubble was a severe domestic debt problem, but international investors and speculators played a relatively insignificant role. The fate of the financial system and economy did…

Jan 24, 2003 at 00:00

And are the major Wall Street firms and money center banks exposed to dollar weakness through their derivative books? After all, for some time they have enjoyed writing dollar protection…

Jan 17, 2003 at 00:00

When did playing central banker become part of the GSE mission? What are the systemic consequences for repeatedly putting "coins in the fuse box"? Whether their executives appreciate it or…

Jan 10, 2003 at 00:00

Here at home, bond market issuance is on fire. According to Bloomberg, $27.8 billion of corporate bonds were issued this week, the strongest sales in 15 months. Combined U.S. corporate…

Jan 03, 2003 at 00:00

With the exception of yesterday's surprisingly strong ISM manufacturing survey, economic reports were almost universally dismal as 2002 came to its conclusion. The four-week average for Initial Jobless Claims rose…

Aug 16, 2002 at 00:00

Confession is good for the soul, or so I am told. While Doug Noland takes a well deserved Friday off (he'll be back next week), I thought I would take…

Dec 20, 2002 at 00:00

Golden State receipts have sunk all the way back to pre-Bubble levels, while inflationary pressures persist on the expenditure side. Furthermore, despite the Fed and U.S. financial sector's Herculean effort…

Dec 13, 2002 at 00:00

Apparently, we were not alone in being disturbed by Tuesday's excellent Wall Street Journal story by Patrick Barta and Queena Sook Kim - Home Buyers' Down Payments Are Now Paid…