Markets

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,…

by Win Thin Here are some more thoughts on Fitch’s downgrade of Ireland to A+ from AA- with negative outlook kept in place.  Of course, we view the Fitch downgrade as completely justified, and look for further cuts ahead as our model…

Mexico is taking advantage of the investment climate and the near insatiable demand for emerging market credits.  The peso may also benefit from actions by other countries, from Brazil to South Korea taking actions to deter hot money…

Highlights The US dollar is mostly softer in quiet trading.   Yesterday’s momentum has largely faded, but the beleaguered greenback still cannot sustain even modest upticks.  In recent days, a number of Fed officials that…

by David Galland Acting in my role as master of ceremonies at the Casey’s Gold & Resource Summit, I asked the faculty this question on more than one occasion. The answer is quite simple and has been discussed in previous editions of…

Gross says that Pimco is looking to high growth economies for both bond and equity plays. The key for them is not to play the liquidity seeking return trade (like 100-year Mexican paper). Rather they want to find low volatility, high return…

By Annaly Capital Management A common phrase often overheard on your favorite financial news channels goes something like this: “Stocks are cheap relative to bonds.” After all, the dividend yield on the Dow Jones Industrial Average is now…

When faced with a balance sheet recession and anaemic demand growth, Japan pushed short-term interest rates to zero and preceded to print money. This created the infamous Japanese carry trade in which Japanese investors would buy…

While demand for housing is near an all-time low for the post World War II era, the demand for new houses is at an all-time low approximately half of the previous lows, when adjusted for population growth.

Highlights The US dollar rise yesterday looks like a one-day wonder, with the euro returning to the $1.38 area, sterling moving through yesterday’s highs and the Swiss franc at new record highs vs the greenback.  The Australian…