May 2010

This post by Paul McCulley,a Managing Director of PIMCO, is from a speech McCulley gave at Levy Institute and it comes via John Mauldin. Edward Harrison has inserted the images. They are not in the original. Enjoy. John Mauldin,…

A month ago I showed you a bunch of charts which indicated that the US economy was slowing. The upshot of the charts was that the economy was going to stall in six to nine months and that stock prices would reflect this – and they have.…

If you read the Big Picture, you know that Barry Ritholtz is a big sports car fan. He even has the posts to prove it.  Here's what he wants for Valentine's Day: The thing is, I don't see Barry driving a 911 Hybrid any more than I…

Apple doesn't get it.  Yes, the iPhone is still the standard bearer amongst smartphones. Yes, you can now get a 16GB 3GS iPhone for as little as $97 at Wal-Mart of all places. Yes, the iPhone is clearly still the dominant smartphone.…

If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must Reads: Crisis in Europe Germany May Extend Short-Sale Ban to All Stocks, Ministry Says -…

Strong upward pressure on the dollar emanating from the European debt crisis and the tensions on the Korean peninsula apparently was countered by intervention from several Asian central banks. At one point the dollar was nearly 5.25%…

Highlights The US dollar is posting strong across the board gains.  The sole exception is the Japanese yen, which is also benefiting from the heightened anxiety.  There are three main drivers today.  First, there is fear…

Last spring and summer I wrote a series of articles on the bleak situation in Spain, centred on the Spanish Cajas (savings banks), the imploded housing market and the high level of unemployment. The gist of these posts was that Spain faced…

On May 7th, the market covered some short euro exposure in anticipation of some sort of response by European officials.  As we know they came up with a large package of guarantees (not just for Greece) and loans, and the ECB provided…

The following is a letter to clients from RBS’ Chief Market Strategist Bob Janjuah that is making the rounds (hat tip Scott). Dear All I am deeply troubled by the world and markets. THIS IS AN UBER BEAR EARLY WARNING ALERT:...I know its…