We have been literally begging the Federal Reserve, the European Central Bank and the Bank of England to work together to stem the bleed in equities and they have finally done it (What is the Fed...
The old expression, “In for a penny, in for a pound” is the government’s chosen path. Once involved in direct market interference and manipulation there’s no turning back. Let’s remember...
"It’s just a flesh wound!"
"Come back and fight you coward!!" This market is oversold in a big way. Get ready for more bear market rallies coupled with a healthy dose...
The US' $700B bailout plan will not do the trick - at least that's how the currency market feels this morning. Deleveraging or the liquidation of risk is happening on a global scale as investors...
Here is an interview / panel discussion that I did yesterday with CNBC. We talked about the possibility of an EU Style TARP plan and whether the Euro could continue to fall. Click on the image to...
Non-farm payrolls dropped by 159k last month, 50 percent more than the market expected. Even though there was a minor upward revision to the August data, the Fed will have no choice but to cut...
A Beautiful Mind? Hollywood often is the gift that keeps on giving. Greg Newton tipped me off to Russell Crowe’s proposed bailout solution. But Crowe’s math was quite off but his reasoning from...
Will Non-Farm Payrolls Push the Fed to Cut Interest Rates? September non-farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal...
The European Central Bank President has finally buckled under the weight of bank failures, recessions and slower global growth. Although the ECB left interest rates unchanged at 4.25 percent this...
It is the beginning of the fourth quarter and demand for US Dollars continues to be voracious, driving the EUR/USD below 1.40. In less than 2 weeks, the most liquid currency pair in the world has...
