Markets

Like Pavlov's dog, the market is conditioned to rise whenever investors see the possibility of central bank moves toward ease. This is true whether we are talking about the Fed or the ECB. The problem is that we have been gradually moving…

Robert Shiller sees telltale signs of new bubbles forming in some of the former bubble markets. He mentions Phoenix and San Francisco as two notables.

Both the equity and the credit markets are betting on US housing recovery.

Case-Shiller came out with some numbers earlier today, showing they too will soon be confirming the housing recovery in the US.

By Marc Chandler The Federal Reserve defied expectations and took no new action nor altered its guidance in terms of how long rates will remain exceptionally low (late 2014). The dollar rallied on the news initially, but with the ECB…

Frederick J. Sheehan is the author of (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond Market" (Aucontrarian.com, 2009) The July 25, 2012, tribute to Barton Biggs received a large response. Biggs was obviously…

Stephen Roach knows that quantitative easing represents what got us into this mess. But the market is addicted to it like an addict wanting "crack". So, the Fed is going to give the addict what it wants because advocates of easy money are…

Barton Biggs (1932-2012) will be remembered by most of us for the words he wrote as strategist at Morgan Stanley. He worked at the firm for 30-odd years. He did not waver in his dismissal of Internet bubble promoters. At the same time,…

Moody's Investors Service issued the following press release in connection with a ratings action on German and Dutch regional debt. The action was taken as a result of the change of each sovereign's debt to a negative outlook.

Editor's note: The following press release was issued by Moody's in connection with yesterday's ratings action on the temporary European bailout fund, the European Financial Stability Facility.