Markets

Highlights The US dollar is mixed today as it consolidates against the euro and Swiss franc, remains heavy against the yen and is performing best against sterling, especially following the unexpected marked deterioration of the trade…

Michael Burry, the former head of Scion Capital LLC, made a big name predicting the housing market’s decline by taking short positions against it as lionized in Michael Lewis’ book "The Big Short."

A great article in this past weekend's Washington Post highlighted many of the major issues affecting the US housing market and most of those issues point to lower house prices.  In particular, the self-reinforcing psychology of…

At the start of the summer, the two legs that had supported the dollar had given way. The European financial crisis eased and the U.S. economic momentum flagged. The summer months saw these developments extend. European countries on the…

Highlights The US dollar is broadly higher against most major and emerging market currencies today, with the yen and Swiss franc being the notable exceptions. With last week’s US employment data taking the immediate focus off the US and…

The employment data was better than expected, but the dollar is not making much headway. The private sector added 62k and the July data was revised up to 107k from 71k initially. The unemployment rate ticked up to 9.6% from 9.5%.…

Highlights The US dollar is mixed in quiet trading ahead of the US jobs report. With some risk-taking is returning to the markets on the back of data this week suggesting that the pace of the slowdown may be moderating and this is lending…

The two key events of the day are passing with little fanfare. The weekly initial jobless claims in the US slipped and sufficiently so as to bring down the 4-week moving average for the first time in a little over a month, but remain too…

by Annaly Capital Management Asset bubbles and leverage are kindred spirits. Just look at housing, tech stocks, and tulip bulbs. But if this is a necessary bubble condition, bonds don’t make the cut. Thanks to data provided by AMG and the…

By Win Thin, Senior Currency Strategist, BBH In light of recent attention on Eastern Europe, here are some thoughts on Romania. The government has been unable to sell local debt at its self-imposed cap of 7% because investors have been…