2010

Executive Summary:  We suspect the dollar’s decline against the euro is reaching its final stages.  US interest rates appear to have largely priced in some form of quantitative easing by the Federal Reserve (though headline risk…

I will be on BNN today at 12 Noon ET talking about the G20 amongst other topics, so I wanted to highlight this issue. Here's the text first (with added bolding) and then a few comments: First, G20 countries should commit to undertake…

I didn't make this title up, but it's so clever I wish I had. Andy Xie, the Former Morgan Stanley Asia economist used this as the sub-header in a column in today's Caixin editorial. Xie doesn't buy the G-20 rhetoric that all is fine in the…

I thought this chart on the upcoming US midterm elections was interesting because independents are tracking Republicans very closely while Democrats are living in a different world regarding Congress. Here is what Gallup says:…

Highlights The US dollar continues to trade choppily against the major foreign currencies as corrective pressures encounter the underlying bearish sentiment.   The unexpected rise in the German IFO (107.6 vs consensus 106.5 and…

This time last year, The Economist’s survey of global house prices was a sea of negative numbers. That was then. Of the 20 markets tracked in our latest survey, only four still posted year-on-year declines and only Ireland’s property…

Chris sees the foreclosure crisis developing into a drip, drip of foreclosed property, unpaid property taxes, and loan losses. In his view, the Obama Administration is in a similar position to the Hoover Administration during the…

by Comstock Partners The current market rally is not based on a self-sustained typical economic recovery, but on blind faith that the Fed can pull out a magic wand and cure everything with another round of quantitative easing (QE2). As we…

by Win Thin US Treasury Secretary Geithner broke down the world’s currencies into three groups:  1) currencies that are undervalued “by any measure”, 2) EM countries that have flexible currencies under what could be called a “dirty…

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). On Friday, October 15, 2010, Federal Reserve Chairman Ben S.…