United States

Everything I have read says that the U.S. is going to bomb Syria. The only question is how to win over the American people in the court of public opinion. So that's where the Göring quote comes in. Basically, he's saying that dictatorships…

Yesterday, we learned that the Case-Shiller Housing Index is up 12.1% through June. In response, Robert Shiller said "housing is a market with momentum" and he believes that the momentum is up. Let's remember that the Case-Shiller Index is…

The histogram below shows the total return of long-dated treasuries over a rolling 4-month period since 2007. The leftmost bucket contains five periods that constitute the worst treasury losses since 2007. All five of these periods ended…

Yet again, the U.S. debt ceiling is going to become a political football that could threaten the U.S. and global economy. While I don't think the U.S. will default on its debt these recurring manufactured crises make the U.S. extremely…

I am alarmed at how quickly economic and market volatility has spread throughout the emerging markets. However, I remain positive about the big picture global macro outlook because recent data show that Europe, the US and now China are…

This is my tech links post that I am putting up outside the paywall and free for non-registered users. The only tech links in today's post are on the NSA.The impetus for this post was the revelation that the NSA can get access to data in…

Fred Sheehan provides a compilation of articles and quotes suggesting that the solution to the mortgage problems in the United States bears a striking resemblance to the policies which led to those mortgage problems in the first place.

The main tension in the foreign exchange market is between positions adjusting pressures, which are US dollar negative, and widely held ideas that the trajectory of growth and interest rate differentials favor the US, which is dollar…

By Sober Look One of the key reasons for the mediocre economic growth in the US has been the ongoing weakness in household wages. As the chart below shows, US median inflation-adjusted household income (red line) remains well below…

Three articles in this Wednesday and Thursday's Wall Street Journal highlighted that data point to a continued cyclical recovery despite a lot of doom and gloom from all sides. Let me post extracts from those articles I would like to…