The Final Days, the Biggest Issue, and the Clearest Choice

As we go into the final days of a dismal presidential campaign where too many issues have been fudged or eluded — and the media only want to talk about is who’s up and who’s down — the biggest issue on which the candidates have given us the clearest choice is whether the rich should […]

When A 10-Year Treasury Yield Just Isn’t Enough

In a world of abnormally low interest rates, the search for yield has become a priority for many investors. The good news is that there are several opportunities for boosting your investment income relative to the usual suspects. The bad news is that higher yield tends to come with higher risk. That’s nothing new, of […]

The Dynamics of Eurozone Disintegration

European monetary and fiscal authorities are determined to safeguard the Euro at all costs, and European government bond markets are currently waiting on the implementation of the Outright Monetary Transactions (OMT) and the European Stability Mechanism (ESM) operations. With the hastening of stabilization and liquidity actions, the economic situation within the Eurozone (EZ) appears increasingly […]

This Time Might Indeed Be Different For World Trade

Since World War II, successive rounds of GATT/WTO negotiations have contributed to freer trade and prosperity globally, but the WTO has become too large and unwieldy to proceed, as shown by the impasse after 11 years of the Doha round of negotiations. A key trend in international trade during last decades has been regionalization. However, […]

Hurricane Sandy Asks When Did Weather Become Exceptional? (Plus Important Info About US Hurricanes)

Summary: When did normal weather become exceptional? Hurricane Sandy tells us much about our climate, weather — and ourselves. The truth is out there, if only we wished to see it. If you find this useful, please pass it on to others! Nothing “historic” in these numbers. Click here to get the most current report.  Click here to see […]

Mr. Market Says the Military Industrial Complex Will Be Largely Spared in Upcoming Grand Bargain

It’s been remarkable to witness the public complacency in the face of the certain-in-trajectory, less-clear-in-details “Grand Bargain” that Obama and Romney are determined to foist on the hapless middle class and poor in this country. In the first presidential debate, Obama flat out said he agreed with Romney’s position on Social Security (as in it needs to […]

Look Out Below, Hurricane Sandy Version

click for updated futures as of 7.32am   Stock and options exchanges are closed in the U.S. on Monday; this will be the first (unscheduled) market-wide shutdown since the 9/11 attacks due to the impending Hurricane Sandy. U.S. Securities and Exchange Commission announced that all trading of U.S. equities will be cancelled on Monday. Depending […]

Cross Border Lending and Imbalances in Euroland

Sorry for delay on posts—am attending a conference in Euroland and I received no contributions this week in response to my challenge to Trolls. (I’m beginning to wonder if Trolls have anything to say, beyond sniping and name-calling?) Yesterday one presenter at this conference provided a lot of interesting data on cross border lending by […]