Economy

The contagion to Italy is a turning point in the euro zone crisis. I feel we have reached a point where the wrong decisions could mean disaster. However, I continue to hope that the Europeans will recognize how destructive the current…

As Michael Lewitt says, "the interconnected nature of global financial markets render Europe's problems the world's problems. There is no longer any periphery."

Marshall Auerback argues that President Obama remains close to Wall Street via Geithner, Summers, Rubin, et al. Given the strong mutual cultural antipathy between Wall Street 'Yankees' and Southwestern 'Cowboys', it is not surprising that…

Edward Hugh writes of an unstable combination which make the countries in Eastern Europe highly vulnerable to both a renewed deterioration in sentiment and an external economic slowdown of the sort we could see following a disorderly Greek…

Sheila Bair is a regulator no more. She will be missed.

Below are S&P’s sovereign credit ratings. Highlighted are the members of the euro zone.

Today’s unemployment data suggests that we are experiencing something far worse than a mere “bump in the road”, as our President described it last month. Today’s data should create real palpitations in the White House. This isn’t just a…

If you go back to the last jobs peak of 132.5 million in February 2001, at a pace of 150,000 jobs per month to account for population growth, you are looking at a shortfall of 18.8 million jobs. Given those numbers, there is really no…

Below are the findings of the recently released VocaLink Public Sector Take Home Pay Index. The VocaLink Take Home Pay Indices measure after-tax income as opposed to pre-tax gross income. So they are designed to reflect what Americans call…

Investors should consider monitoring the euro's risk reversals to compliment the analysis of spot. The current reading suggests the market less comfortable with long euro exposure than the relative resilience in the spot market would seem…