This morning I read a fairly interesting article from Reuters’ Mike Dolan Scoping the new subprime as watchdogs cry ‘bubble’ where he quotes the annual report of the Bank for International Settlements (BIS). Think the Justice …
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Earnings season starts this week, though it’s quite light, with AA reporting on Tuesday after the close, FDO on Thursday before the open, and WFC on Friday before the open. The economic calendar is quite light …
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The economic calendar is jam-packed this week, even though Thursday’s session is a half day that ends at 1 pm EDT, and Friday the stock market is closed for the July 4th holiday. The big …
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It’s not lost on most Americans that June 6th, 1944 was a day that changed the course of history. Today on the 70th anniversary of D-Day, C.C. and I, sons of U.S. Army veterans (C.C. …
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“Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” -Henry Kissinger The central banks control the money. Especially the FOMC and …
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Dan pointed out to me a crucial inflection point on the European Bank index, SX7E, chart yesterday: As of yesterday, the banking index had closed almost right at the $150 level, which was support on …
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For the second straight week, the S&P 500 is essentially flat, and VIX Futures have declined across all of the maturities as a result. Interestingly, that across-the-board decline has occurred despite yesterday’s large move lower. …
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White House officials indicated last night that President Obama is set to announce Janet Yellen as the new Federal Reserve Chairman nominee. She is expected to be confirmed in the Senate. Markets took on a …
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Asset prices for the most part are little changed from where they were as U.S. traders left their desks yesterday. Not much progress on the U.S. political negotiations, which continue to dominate the headlines. Asian …
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John Boehner made clear over the weekend that a clean debt limit bill would not be brought in the House. As a result, the market awaits further negotiations around the government shutdown and the debt …
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