July 2010

The July 2010 Monthly Commentary By Annaly Capital Management The Economy The S&P 500 finished June down 5.4%, while Treasuries enjoyed a significant rally. The yield on the 10-year shed more than 30 basis points and ended the month…

Topic of the Day: Apple's Strategy How Apple Dominates (In Slides) - Tech Crunch The iPad's Threat to PCs - Barrons.com How Google's Android Could Overtake Apple's iPhone - Barrons.com The Usual Fare Jesse's Café Américain:…

Stephen Roach was the third interviewee in the Wall Street Journal's new video format "the Big Interview."  He sees a weak recovery and believes a double dip is more likely than the consensus. Roach also talks about the…

For those of you who only receive updates via the weekly newsletter, we have been posting over the last few weeks but I have dropped the ball on crafting a weekly newsletter.  So this week I will make this week in review post a month…

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I have argued that both fiscal and monetary stimulus would be withdrawn sooner than most people expected.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…