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Last February, I noted that the FDIC was hiring, which is never a good sign for the economy. Of course, it is a sign that the banking system is ailing. The FDIC insures $4.5 trillion of deposits and... "Free men cannot start a war, but once it is started, they can fight on in defeat. Herd men, followers of a leader, cannot do that, and so it is always the herd men who win battles and the free... We can all sit down and rehash what is going on in the credit market, housing, consumer spending, inflation, politics and commodities, but none of it is new. The data gets regurgitated and published... I'll keep this short but not so sweet. The light volume we are seeing on the market is a function of two things. First is the topic all media is talking about - the end of summer and final... There is plenty of advice flying around. The challenge lies in determining the outlook for the broad markets. Visibility is very cloudy and there are plenty of reasons. Slow to recessionary economic... If there is one thing Wall Street loves, its investment themes. I try to discern whether a theme has merit by looking at monetary policy, overall monetary conditions, and the technical action in the... The troubles in the US financial sector continue to be the biggest stories of the day, driving the US dollar to a 6 month high against the Euro. The parallel moves in both the greenback and the... Wall Street's latest mantra-emblematic of their new spirit of bailouts, especially when it comes to financial firms--is that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are too big to fail.... In March and April, I thought the Dollar was near a low, as sentiment was almost universally negative, and the global economy was likely to slow and lead the ECB to cut rates. I was wrong about the... Fed watchers normally have to resort to teas leaves and chicken entrails to parse the pronouncements of the Federal Reserve Board, but this month the language of the Federal Open Market Committee was... - Login to post a new commentary topic.
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