Markets

Aug 10, 2001 at 00:00

This week appeared a key inflection point in regard to deteriorating economic expectations for the U.S. and global economy. Despite today's almost 220-point reversal, the Dow ended the week with…

Aug 03, 2001 at 00:00

With conflicting economic data leaving analysts in the lurch, it was an unsettled week in the credit market. For the week, 2-year Treasury yields added 3 basis points to 3.89%.…

Jul 27, 2001 at 00:00

Yesterday Moody's aggressively downgraded Argentina's foreign and local currency debt obligations of national, provincial and local government issuers, as well a major banks and corporations, with the rating agency noting…

Jul 20, 2001 at 00:00

Credit inflation continues to fuel the historic Bubble in real estate finance. It is worth noting that the acceleration in home building continues, with housing starts increasing to the strongest…

Jul 13, 2001 at 00:00

Nothing like global financial crisis to excite U.S. equity players. For the week, the Dow jumped almost 3%, with the S&P500 adding 2%. Economically sensitive issues shined, as the Transports…

Jul 06, 2001 at 00:00

It was a dismal week for global equity markets. Stocks in Argentina were hit for 8%, with Brazil sinking 5%. Technology stocks were hammered globally, with Asian and European markets…

Jun 29, 2001 at 00:00

Increasingly, the U.S. economy is like a tug-of-war with the struggling technology (bubble burst) and manufacturing sectors pulling one way, while the booming real estate sector (bubble still inflating) pulls…

Jun 22, 2001 at 00:00

The Office of the Comptroller of the Currency reported this week that total U.S. commercial bank derivative positions increased $3.4 trillion (8%) to $43.9 trillion during the first quarter, the…

Jun 15, 2001 at 00:00

The return of the equity bear was greeted warmly in the Treasury market, with generally the biggest weekly gains since March. With the marketplace now expecting another 50 basis point…

Jun 08, 2001 at 00:00

Countrywide Credit this afternoon announced record mortgage-fundings for May, with originations of $10.6 billion more than double year ago originations. At $30.6 billion, it was a record quarter as well,…