January 2012

My last weekly said the hand-in-hand Fed activism and fiscal activism via Obama's mortgage proposal is bullish. Let me add a bit of colour here.

Dollar is broadly weaker amid hopes that Greek debt negotiations are very close to agreement. Asian stocks posted new trend highs, MSCI Asia Pacific up 0.3%; Dow Jones tested highest level since 2008. EuroStoxx 600 reverses earlier losses…

MONETARY REALISM | PRAGMATIC CAPITALISM I feel that the core operational aspects of MMT are among the most important ideas in the world and my goal here has always been to help promote those ideas.   Because I believe…

I was on CNBC yesterday ahead of Ben Bernanke's speech explaining the FOMC's recent decision to add an explicit inflation target to its decision to extend its rate easing/permanent zero policy. My conclusion: the Obama mortgage plan and…

Investors must still be worried about the fallout from the European meltdown. However, the situation in the US is looking much better than it did last week because of this aggressive policy response.

This is a sing along in honor of the US Treasury Secretary.

Dollar extended losses overnight and into the European session following the Fed’s dovish policy stance. Global stocks are broadly high off the back of Fed and Greek debt deal; EuroStoxx up 0.6%, banks up 0.7%. Economic data saw German…

Roger Federer, Rafael Nadal meet in Australian Open semifinal - Bruce Jenkins - SI.com they've drawn distinct lines in the sand when it comes to the punishing grind of the men's tour. Nadal, fearing…

I had a bet with a bunch of fellow market watchers back in early 2010 when Geithner was getting it from all sides as to how long he would last. Some people were saying he couldn't make it through the second year. Geithner outlasted…

The ECB's hand though could be forced if there is a credit event, a non-voluntary debt restructuring. Under such conditions, it would be more difficult to show some bond holders (ECB) preferential treatment over other holders of the same…