Next week we’ll find out if the longest-ever will-they-or-won’t-they drama involving a virtually insignificant quarter-point interest rate change will amount to anything. But either way,
For about a decade there, Brazil was the Latin American country that got it right. Under a socialist but apparently reasonable government they kept their
That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common
Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to
The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The US, Europe and Japan ran
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
The homebuilders are happy. US retail sales are up. Even France is “turning the corner.” And now the Atlanta Fed, which has lately been both
Let’s see…a heavily-indebted country can’t pay its bills, engages in a long series of failed attempts to manage a partial, controlled default, sees most of
Intel is buying chip maker Altera. Charter is buying Time Warner Cable. All the big drug makers are buying all the mediums-sized ones. Great news,
A recent Goldman Sachs report explains where this year’s stock market profits (should there be any) will come from: Buybacks and Dividends All That’s Left
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of
David Stockman just published a chart so compelling that he didn’t feel the need to add any commentary. But there are a few things to
In a fiat currency system, perception is, by definition, everything. Paper money has no intrinsic value. So the people saving it and accepting it in
Here’s one for the “seriously, you’re surprised?” file: China pegs its currency, the yuan, to the dollar, the dollar soars, taking the yuan with it…and
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