Markets

Here's the latest from Bloomberg Television, Marc Faber, the publisher of the Gloom, Boom and Doom Report, thinks that Japanese equities are going to outperform this year. Why? For the same reasons I have been saying that a more defensive…

One Greek outstanding bond is a 450 mln euro FRN that is due May 15. It has a 30-day grace period to make the payment, according to press reports. The new Greek 10-year bond yield rose today to 20.55%. It is the fifth consecutive session…

The US dollar is marginally softer as North American players return to their posts. The better-than-expected official Chinese manufacturing PMI (53.1 from 51.0 in Feb and consensus for 50.5) saw steeper losses in the greenback, but the…

Sweden reported stronger business and manufacturing confidence numbers earlier this week, but the Feb retail sales report was a more significant catalyst. There are four new developments from Norway today. Individually and collectively,…

A growing number of indicators suggest that the market is running out of steam. Equities have been in a temporary sweet spot where investors have been factoring in a self-sustaining U.S. economic recovery while also anticipating the…

The following transcript and video is courtesy of Bloomberg TV where Bill Gross spoke to Margaret Brennan today, telling her that he thinks the Fed will go Qe3, but that it will shift to mortgage backed securities when Operation Twist ends…

Shiller says the shift toward renting and city living could mean “that we will never in our lifetime see a rebound in these prices in the suburbs." Watch the video.

Bill Gross is out with his monthly commentary. Because his points are central to the discussion of policy and markets right now, I am going to write this weekly newsletter commentary outside the paywall. The major question is about how to…

Judging from the press coverage, we suspect many observers have misunderstood Federal Reserve Chairman Bernanke's comments yesterday. They need to be placed in the context of what went before: namely several hawkish regional presidents…

There are several developments that warn of future problems in the euro zone and these make us suspicious about the euro's ability to sustain the upside break.