2010

All eyes are on the Fed today because markets across the globe in bonds, equities, commodities and forex want to know how much quantitative easing (QE) the Federal Reserve will do and what assets they will buy. As US short-term interest…

The ADP number is higher than expected and is the last piece of major economic data we will see before the Fed's FOMC meeting announcement.  I am not sure whether the Fed will have seen the Labor Department number, but these jobs data…

We identified and continue to track key forces that offer insight into the euro dollar exchange rate. To monitor the near-term trend, we have used the 5 and 20 day moving averages. They have done a fairly good job of capturing this year's…

Highlights The dollar was mostly flat in a quiet Asian session with the Tokyo markets closed, even though the dollar experienced sharp losses versus sterling and kiwi. The outcome of the Federal Reserve’s FOMC meeting is also weighing…

by Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of…

If you’re reading this Salvo on the day it is posted, then you are likely holding your breath on a number of fronts: the outcome of the election tonight, the FOMC announcement tomorrow afternoon and the policy meetings of the Bank of…

Special Link: Financial Blog Wars | The Reformed Broker with a Star Wars-themed list of financial blogs Housing, Mortgages and Mortgage Derivatives SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar - ProPublica Obama…

I have written a few posts showing you the ranking for the big banks globally, with a special emphasis on Europe because of systemic risk. But here's a great bubble chart that gives you a visual on the relative size of the big banks…

There are two developments in China to note: The yuan appreciated in the spot market earlier today, after staging a relatively large decline yesterday.  At today's best dollar level, the yuan had weakened about 0.85% against the…

by Phillippe Legrain While the debate over global imbalances often focuses on China, this column argues that the biggest threat to the world economy comes from the other side of the seesaw – the US. Countless column inches are devoted…