2010

Note: I had corrected this post title due to the data from the BLS. However, the data were from last week as the embargoed data from this week had yet to be put up. I have amended it back to the original title and replaced the quote from…

Asha Bangalore of Northern Trust writes: Recent data indicate bank credit has increased in July and August (chart 2A), while partial September data suggest another monthly gain.  This is a positive and noteworthy development, but…

Highlights The US dollar remains under relentless pressure.  Even though the ADP has tended to under under-estimate private sector job growth, the unexpected weakness reported yesterday is the latest catalyst for expectations of…

Jim Bianco was on Bloomberg TV on "Taking Stock" talking about the US dollar. Bianco also discussed Federal Reserve monetary policy, US stocks and corporate earnings.  Bianco makes a few points on monetary policy that I made,…

I have just been listening to Ben Davies' podcast (see also FT Alphaville here) from Hinde Capital about the funding issues of the Japanese government and the points he makes are important. I have used the metaphor of Japan as a bumblebee…

The global economy, now supported in the main only by the overextended U.S. consumer, finds itself at stall speed, susceptible to any number of potential exogenous shocks. Ultimately, the economic malaise created by this confluence of…

Mortgage applications increased last week for both refinancing and for purchase. The MBA (Mortgage Bankers Association) reported today that the application activity amounted to a "flurry" that might have been prompted by a tightening of…

In David Rosenberg's latest daily market commentary, he showed some concern about the rally in gold and suggested near-tern caution. Rosenberg writes: I LOVE GOLD, BUT.... ....The recent surge is the same chart as in March 2008,…

Topic of the Day: Currency War EU should not press China on yuan: Chinese PM | Reuters The international currency war: what the experts say | Business | guardian.co.uk Q&A: International currency wars | Business |…

FDIC Chair Sheila Bair spoke with Bloomberg News yesterday and the topic was interest rates and banks ability to withstand a higher interest rate environment. While Bair was careful to stress that this is not a "short-term…