investing

The Telegraph is reporting that the euro zone sovereign debt crisis has reached such a critical flash point that Italy has called an emergency meeting. In Spain, the Prime Minister has delayed his summer holidays to deal with the fallout.

Is the PBoC going to stop buying US treasuries? The debt ceiling debate and a potential default have brought this question back into the spotlight. The theoretical and the real world answer to concerns about China and US debt is the same:…

Almost everything that happened last week is irrelevant given what looks like a U.S. debt deal. What we’re watching is how the relief rally holds and whether the Friday’s poor GDP data was a game changer. Looking under the surface of the…

The signal we’re extracting from the weekly move of the Four Horsemen is that though concern and the lack of confidence in the U.S. over the debt ceiling issue has increased, other factors, such as the deflationary consequences of a large…

Apparently, there was a reason that Soros was 75% in cash. He is getting out of the hedge fund business altogether, liquidating assets and returning the funds to investors.

No, but stocks and bonds are down. Global equity markets are down and safe havens like gold and the Swiss Franc are up. Stan Collender thinks the likelihood of a deal is less than many believe.

The Bank of Japan held a private briefing with a small group of analysts from leading financial institutions in their NY rep office. The Director-General of the Research and Statistics Department led the presentation. This column…

Something interesting is being played out. Margin traders--the famed Mrs Watanabe-- at the Tokyo Futures Exchange--have amassed a large short yen position. There are about 900k short yen contracts as of today and about 364k are short yen…

Safe havens trade on the back foot as risk appetite resurgences; BoC expected to remain on hold. Options pricing suggests that the market is prepared for the worst ahead of Thursday’s summit. In the EM space macroprudential measures in…

Central Falls, Rhode Island faces a plight that should be studied for its application elsewhere. It is nearly out of money. This is common news today, whether in Greece or California. The various parties are assumed to possess a means to…