8 July 2010

It would seem so from the statistics compiled by the New York Times. The article leads in by suggesting the rich are 'losing their home but given the talk about strategic default earlier in the year (see here), you should wonder whether…

After three days of major market gains, call me naive, but this must be the place! Seriously though, I do think we are in a secular bear market and expect prices to go lower. Remember the 200-day moving average is still above 1100. We're a…

Below is the video of Chris Whalen of Institutional Risk Analytics, Nouriel Roubini and Ian Bremmer of the Eurasia Group giving their assessment of the financial system and the overall economy. The group was on CNBC earlier this week…

As Croatia enters the final stage of its EU membership talks, it is perhaps a fitting moment to review the other half of the picture, namely where the Croatian economy finds itself, and what the outlook might be for a continuing convergence…

Topic of the day: Bullish data 30-year mortgage rate edges down to new low | Los Angeles Times Delinquent loans: Americans missing fewer loan payments, banking group says - latimes.com First-time unemployment claims drop by 21,000…

Jim Bianco, president of Bianco Research, talked with Bloomberg's Susan Li about the outlook for U.S. stocks. When Li asks him about the 3pc gains we saw yesterday, he said the markets were oversold but that he expects stocks to retrench.…

Highlights The US dollar continues to trade with a heavier bias against the major and emerging market currencies.  The yen and Swiss franc’s softer tone appears to be largely a function of the return of risk appetites, though Japan…