9 July 2010

I don't buy the arguments David Galland gives about the shamans and the virgins when talking about financial reform. He says: dancing around open fires bedecked in certain animal skins or allowing shamans to sacrifice virgins were seen…

By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it…

From the ECRI website: A measure of future U.S. economic growth fell to the lowest since July 2009, indicating that the economy will continue to slow, a research group said on Friday. The Economic Cycle Research Institute, a New…

I have a lot of links today, so I will do two sets. Topic of the Day: Monetary Policy Here is the first set with an emphasis on monetary policy and debt. The ECRI Index came out at a –8.3% annualized. That's getting very close to where…

The euro has been sold off in early North American activity.  It does not appear to be news/event driven, but rather some week end profit-taking that triggered some stops.   We do note that many were looking had targeted the…

I have argued that both fiscal and monetary stimulus would be withdrawn sooner than most people expected. Here's how I put it in March (emphasis added): I expect the following to occur: Public pressure to withdraw monetary and…

Highlights The US dollar consolidating this week’s losses against most of the major currencies; trading with a firmer bias within yesterday’s trading ranges.  The general forces weighing on greenback remain intact.  The negative…

The Chris Whalen interview on CNBC has me thinking about the Federal Reserve's policy dilemma right now. If you haven't seen his comments on interest rates, read my post Roubini, Bremmer and Whalen: Fixing the Financial System and Double…

Excerpts from Comstock's latest weekly: Debt is discussed by the pundits on financial TV also, but in almost every case the discussion revolves around government deficits relative to GDP or government debt relative to GDP.  They…