Markets

By Marc Chandler The US dollar is consolidating last week's losses in largely uneventful activity.  In fact, consolidation is the general theme in the broader capital markets as well.   Equity markets are narrowly mixed, with the MSCI Asia…

Here are my first quick reactions to the ECB's new monetisation scheme. They have decided to buy bonds on the secondary market in potentially unlimited quantities up to three-year maturities for countries that submit to a Troika program.…

I was discussing this with a few friends online a couple of weeks ago and now it's all over the news. Earnings have been poor, yet stocks continue to push higher. One argument was that "the key is deleveraging the banking system in an…

Since there is no appetite in Congress to bail out the FHA as its financial condition deteriorates, Fitch believes that the FHA may end up renegotiating its full protection on these mortgages with the banks who hold the loans. The agency…

Since there is no appetite in Congress to bail out the FHA as its financial condition deteriorates, Fitch believes that the FHA may end up renegotiating its full protection on these mortgages with the banks who hold the loans. The agency…

The US consumer can't catch a break. As if rising food prices weren't enough - with corn prices at record highs and other food prices expected to move higher next year - we now also have a sharp increase in gasoline prices.

In spite of the drop in VIX, there is no confidence that the recent market stability is sustainable over the longer term.

The VIX index hit a multi-year low today (it went below 14.1 this morning).

The rally in leveraged finance markets is back on, as investors snap up junk bonds as quickly as they come to market.

"Positive Housing News Keeps Rolling In," exclaimed the headline of a July 24, 2012,Wall Street Journal story by Steven Russolillo. The author found much to praise. One gloomy Gus could not help but conclude otherwise. Teke Wiggin…