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Markets
Banks Harassing and Foreclosing on U.S. Soldiers
This is from the testimony in the video below: Soldier's wife: I'm dealing with Chase, getting their phone calls, getting their harassment around the clock. My husband Jonathan missed two hours of our daughter's birthday party, because…
Schroeder: Gist of Whitney’s Muni Forecast ‘Valid’
Alice Schroeder, a former Wall Street analyst and the author of the only approved biography of Warren Buffet, has Meredith Whitney's back. She says the macro view that Whitney presents on U.S. states and municipalities is largely correct.…
A Sideways View of the World
This contribution was originally published by John Mauldin, best-selling author and recognized financial expert. John is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. To subscribe to his…
Euro Rebounds, China Hikes
Highlights The US dollar is trading on a softer footing versus the majors and most EMs, consolidating some of yesterday’s gains, with the New Zealand dollar and the euro leading the move higher. The euro is enjoying early strength,…
Jim Grant Sees Interest Rate Risk in Munis
Jim Grant's contention is that you don't need to be a stargazer to be worried about Munis. You just have to look at the low interest rates. In his view, bond yields do not compensate buyers for the interest rate risk, let alone other…
Gross: Central Banks are Robbing Bond Holders and Fuelling Inflation
In this segment on Bloomberg with Tom Keene just after the jobs report was released yesterday morning, Bill Gross continues hammering away at the central banks' easy money monetary policies, the main point of his last newsletter. His…
Jon Stewart on the Mortgage Bankers Association Strategic Default
Hey if y'all can do it, so can we. (Hat tip Ryan Chittum)
A Message to the EUR/USD Longs?
By Claus Vistesen It seems that JCT today showed that he and the ECB are not completely blind and deaf when it comes to the reality of a stronger currency in a world where everyone is scrambling to devalue. As I have noted before,…
Bill Gross: Devil’s Bargain
Bill Gross is at it again. The bond king who has taken a populist turn is out with another monthly investment commentary that features a negative view of Wall Street (God's work) and Federal Reserve monetary policy. I want to hone in on the…
Nationwide: House pries down again in the UK in January
The latest Nationwide House Price Index update is out showing a decline of 0.1% in January 2011. That brings house prices down 1.1% since this time last year. Nationwide has a new Chief Economist, Robert Gardner, who writes: "The…