Markets

As you would expect, the market sees the U.S. Government as much less creditworthy. Note the rise in credit default swaps on U.S. Treasuries. The question is: when will its foreign government supporters abandon a sinking ship. This is…

For the first time in 9 years, year-on-year prices in Canada are down. With the largest province, Ottawa Ontario, in a recession, it is no wonder that house prices have followed suit. Canadian home prices have started falling, marking the…

David Tice of the Prudent Bear has sold out to Federated Investors. I caught this via Paul Kedrosky's site Infectious Greed. Federated Investors Inc., the Pittsburgh-based investment management firm, said Tuesday it has reached a…

The bear is growling and things are looking grim. Hold on for dear life. Today is going to be ugly. Let's just hope we don't start seeing folks lining up at their local ATM just in case.Where are my gun and kruggerands?

Martinsa-Fadesa, a large real estate company in Spain has gone to the wall. As is usual, bankruptcy came in the form of a liquidity crisis, not as a technical bankruptcy. Below is a report from El País in Spain, followed by a report from…

Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting:"If a stock goes down 50%, I'd look forward to it. In fact, I would offer you a…

Back in 1973 when the market was going to hell in a hand basket, one London market guru offered this cheery advice:"You will need to invest in three things to survive next year's economy: Cans of food, piles of gold krugerrands and a…

For those of us who remember the Japanese rise and subsequent meltdown in the 1980s and 1990s, what is going on now is like deja-vu all over again. Except this time it is on a bigger scale. Remember Yamaichi, Nikko, Nomura and Daiwa? These…

Last night after the market closed I listened to a Bloomberg on the Money podcast with guest Louise Yamada, a well-known technical analyst. A lot of people in the fundamentals crowd stay away from looking at technicals, but in a market…

Spain pulled a potential sale for 15-year bonds as the appetite for the issue just wasn't there. Before the Euro, some in the European debt capital markets, where I worked, pejoratively called Portugal, Italy, Greece, and Spain, the PIGS.…