Credit Writedowns

By Marc Chandler The US dollar is going into month and quarter end on a soft note.  The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream…

A quick post here. Sober Look has posted on Citigroup's economic surprise index, noting that it has started to roll over again, ever so slightly. But the trend is clear for the past two to three months and it has been sharply higher,…

I spoke on the panel of a conference that backed into a keynote address by Dennis Gartman. I thought he had a lot of interesting things to say, a lot of which I agreed with. The basic theme of his talk - and this was an investing in…

By Frederick J. Sheehan Editor's Note: Edward Harrison will be writing about the logic others feel support he other side of this trade based on views that Deniis Gartman espoused at an investment conference earlier today.  Frederick J.…

I participated in a Euromoney conference on investing in inflation this afternoon. I was on a panel of five right before the closing remarks by keynote speaker Dennis Gartman and I wanted to make a few remarks about what I learned. First,…

Two weeks ago I told you that Spanish Prime Minister Mariano Rajoy’s humiliating defeat to Merkel had narrowed options to sovereign bailout, monetisation or default for Spain. Now that the Spanish bank bailout is unraveling and Catalonia is…

I haven't done the daily for a few days because I have been trying to get out a few more lengthy posts. But today I wanted to highlight the inflation issue because I will be speaking on a Euromoney panel about investing in inflation later…

I am going to be speaking on a panel on "Investing in Inflation" tomorrow. And I thought I would put forward some ideas here regarding what I intend to say. The key word describing where we are is biflation, meaning inflation in some things…

This is a brief follow-on to the last post on whether we should be optimistic, in particular now that the US housing market is improving. If you think about it, the problem now is that all debtors - public and private - are taking the…

I have had a lot of other things on my plate and haven't been able to write as regularly as I would like. But I am going to try to increase the volume of posts by putting out more quick hits like this one that capture my macro view without…