June 2010

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Two significant changes are pushing markets towards a shakeout. First,…

Well after a pretty hectic 48 hours being pursued all over the virtual globe by the economic and financial press, I am finally coming up for air. Those who don’t know what I am talking about might try this, or this, or this (etc). Actually…

News is that the German Constitutional Court has rejected efforts to block Germany from participating in the guarantees that are a critical part of the Stabilization Mechanism.   While many expected such a ruling, there was a…

One common metric used by analysts to gauge how the economy is doing comes from freight or rail tonnage. If the economy is doing well, then more goods will be shipped via trucks and trains. This is exactly what is happening. Andy Lees…

Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a…

Topic of the Day: Spain Spain: labor market reform talks fail - CNBC Spain Sees Solid Demand for New 3-Year Bond – CNBC El empleo pblico aumenta un 5,3% en plena crisis - ABC.es The Usual Fare SEC Investigation of Goldman…

The June Monthly Commentary By Annaly Capital Management. The Economy: The financial crisis is not over The Residential Mortgage Market: The tale of "fails" in the mortgage market The Commercial Mortgage Market:…

Highlights US dollar was mostly softer vs. the majors, with EUR/USD trading above 1.20 briefly before falling back late in the day on US equity weakness.  Bounces remain hard to sustain, so once this period of consolidation ends, we…

By Annaly Salvos. We breathlessly await the release of the next Z.1 from the Federal Reserve on June 10 to check on a number of things, such as the change in the amount of equity in the average American’s home in the first quarter, but we…

Canada has had quite a run in its property market. But, the most recent data are a bit soft. David Rosenberg writes: After a string of above-expected economic data releases, Canadian housing starts missed the mark. Starts sunk 6.3% MoM,…