Markets

In January, Jeff Clark of Casey Research’s BIG GOLD advisory set out to get opinions from some of the smartest, most accomplished investors in the gold industry – where is the gold price going to go, how volatile will the markets be, what’s…

By Marc Chandler There seems to be a general consensus among observers that contrary to the talk of repatriation that the yen's rise is largely speculative in nature. This is very much in line with our assessment from the get-go.…

By Warren Mosler As previously discussed, the US should outlaw the use of libor by its banking system. It makes no sense to allow US dollar rate setting for our banks to be set overseas by the BBA. Setting our banking system’s dollar…

The Japanese Yen reached a new all-time high against the U.S. dollar fuelling speculation that the Bank of Japan will forced to intercede to ward off speculators. With the prospect of repatriation of profits back to Yen, the currency has…

Moody’s cut Portugal by two notches to A3 and kept a negative outlook despite the recently announced fiscal tightening and despite the tentative plan to expand the EFSF. This downgrade really shouldn’t come as any surprise. As we wrote just…

A few weeks ago, the Economist put out its quarterly gauge of house price values. Australia just beat out Hong Kong as the most overpriced market in the developed world, with an overvaluation of 56%. Japan was by far the most undervalued…

By Marc Chandler The jasmine revolutions in MENA and euro-era high yields on the peripheral of Europe failed to give the US dollar a safe haven bid. And yet today, it is difficult to deny the greenback is benefitting from the broader…

The pension costs of states and municipalities in years hence are often stated in a calculation of future liabilities. For instance, the future obligations of state and municipal pension funds are calculated (in frequently cited studies) at…

Last Wednesday, BNN's Howard Green spoke to Rob Cox of Reuters and me about two issues: the monster rally from March 2009 and the ongoing European debt crisis. On the markets, yes, I foresaw a rally two years ago because stock prices…

By Win Thin Malaysia central bank surprised the markets by hiking the statutory reserve requirement 100 bp bp while leaving policy rates unchanged at 2.75%. The bank noted that “While the stance of monetary policy is expected to remain…