Markets

If we have learned anything from the current financial mess, it’s that building wealth is dependent on rational analysis, careful decision making, and risk management. That’s why sticking close to home at a time when our markets are more…

We repeat: the “debt problem” is a currency problem and the currency must and will collapse. The global monetary system exists at the pleasure of the Fed, which legally exists at the pleasure of Congress, which as we have learned only has…

A few weeks ago (July 7th) we wrote a comment entitled "Nothing Matters Until It Does". Now it suddenly does all matter, although all of the problems every one is talking about today have been pretty obvious for some time. These include the…

I received the following blurb from Bloomberg Television about Barton Biggs, who yesterday had indicated we were in the process of bottoming.

In case you did not notice it, the much discussed "range" on the SP500 broke in spectacular fashion today as the short rollers bypassed the 1250 mark in the same style as the Germany panzer passed the Maginot line back in the early stages…

It is very clear that Brazil is moving further and further away from the orthodox model due to its obsession with the strong real. While the IMF said today in its Article IV discussions with Brazil that capital controls are an “appropriate”…

The BOJ intervenes aggressively to weaken yen; we do not see any major G7 initiative. The euro zone periphery remains under pressure as ECB meets; Spain borrowing costs rise. Global equity markets are lower as growth risks, sovereign risks…

The S&P 500 completes its worst run in a long time returning to levels not last seen since March, when we thought we had to write off the entire Japanese economy as a nuclear wasteland. So, is it all back to square one for the already…

The Dow Transportation Index was down almost 4 percent today and if there is any silver lining in the current market turmoil is that Trannies usually lead crude down, which will drop gas prices. The chart below shows the 12.2 percent swan…

Euroland is coming apart at the seams. Belgian/Bund spreads are now also over 200bps along with Italy and Spain. Belgium has just entered the periphery and France is not far behind.