February 14 – Bloomberg: “China added more credit last month than the equivalent of Swedish or Polish economic output, revving up growth and supporting [...]

February 10 – Financial Times (John Authers): “The Importance of Bubbles That Did Not Burst:” “Is there really such a thing as a market bubble? I [...]

It’s not the first time that a non-farm payrolls rally wiped away inklings of market anxiety. Coming early in the month – and on Fridays – the jobs [...]

Now that was one eventful week. President Trump wasted not even a minute in making good on a series of campaign promises. A bevy of executive orders moved to [...]

My sincere apologies. I’ll be back with a complete CBB next week. doug For the Week: The S&P500 was little changed (up 1.5% y-t-d), while the Dow [...]

It’s been only two weeks, yet 2017 is off to an interesting start. It’s certainly quite a contrast to last year’s “worst market start in decades.” [...]

For the Week: The S&P500 gained 1.7% (up 18.5% y-o-y), and the Dow rose 1.0% (up 22.1%). The Utilities added 0.3% (up 13.5%). The Banks gained 1.1% (up [...]

When looking back on a year, it’s only natural that events later in the year receive added emphasis. The DJIA made it within 23 points of the 20,000 [...]

Italian bank stocks (FTSE Italia bank index) declined a modest 2.3% Monday on the back of Sunday’s resounding defeat of Italian Prime Minister Renzi’s [...]

The trading week saw WTI crude surge 12.2%. The GSCI commodities index jumped 5.8%. Wheat dropped 3.6% and corn fell 3.1%. Italian 10-year yields fell 18 bps, [...]

“Why is the United States, with the world’s largest economy, borrowing heavily on international capital markets–rather than lending, as would [...]

“One trouble with every inflationary creation of credit is that it acts like a delayed time bomb. There is an interval of indefinite and sometimes [...]