June 2010

Dennis Gartman made some gold-bullish but euro-bearish comments on Bloomberg on Friday. He sees the play in gold as less about fear and more about reserves, specifically the euro. He says that central banks in China or Indonesia are going…

A post by John Mauldin. "Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring many…

Link of the day Anadarko Says BP Should Pay for Oil Spill After Being Reckless - Bloomberg.com The Usual Fare Wall Street Reform Could Cost Goldman Sachs Billions - Huffington Post The Economist Off the Deep End on BP and…

In looking back on the efficacy of stimulus in the United States, Ezra Klein has a few thoughts in the Washington Post's "You've seen the stimulus. Now, meet the anti-stimulus." A multiple choice question for you: Did the…

A post by Annaly Capital Management. There has been some chatter recently on the direction of traditional monetary policy (i.e., the Federal Reserve changing the Fed Funds target rate to influence the availability and cost of money and…

The US Treasury and the Congress appear to be intensifying pressure on the China to allow the yuan to appreciate.   Other officials may weigh in ahead of the G20 meeting (June 25-27). Congressional support is reportedly strong…

Growth in the ECRI weekly leading index fell further into negative territory. The growth rate for the week of June 11 weakened to -5.7%, down from -3.7% in the previous week, which had been the first negative reading in almost a…

Stress tests on European banks have emerged as a key talking point. The criteria is not clear, though European officials are apparently telling anyone who is interested that the these tests are more robust than the previous tests conducted…

Because the European Union will stress-test its 25 largest banks, it makes sense to compile a comprehensive list of Europe's largest banks.

Highlights The US dollar is generally consolidating this week’s losses in quiet and largely uneventful turnover.  The shallowness of dollar bounces warns that the downside correction is not complete.    Given the…