My apologies.  I had commitments today and was unable to find the time to write. For the Week: The S&P500 declined 0.7% (up 1.6% y-t-d), and [...]

In its basic form, Credit is someone’s promise to pay “money” at some point in the future. Credit instruments are an “IOU.” Importantly, [...]

The Peterson Institute for International Economics this week held it’s sixth annual “Fiscal Summit,” a wide-ranging and critical discussion of [...]

As an analyst of Bubbles, I’ve grown convinced of some things: First, it’s vital to recognize Bubble distortions early before they become deeply [...]

Bill Gross penned another interesting commentary, “A Sense of an Ending.” The title comes from a Julian Barnes novel, of which Gross pulls the [...]

May 1 – Reuters (Jamie McGeever): “The calm on global financial markets masks a growing threat to their smooth functioning should shrinking [...]

The lesson should have been learned by 1994. After a period of extraordinarily loose monetary policy, bloody market chaos was unleashed when the Fed [...]

I found myself this week reflecting back to this past May, shortly after Ben Bernanke began his (reportedly) $250,000 dinner meetings. May 6 – [...]

I found myself this week reflecting back to this past May, shortly after Ben Bernanke began his (reportedly) $250,000 dinner meetings. May 6 – [...]

“This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. True, there have [...]

March 27 – Bloomberg (by Christopher CondonIan Katz): “Federal Reserve officials, fresh from the latest round of tests designed to ensure the [...]

The S&P500 rallied 45 points (2.2%) intraday on Federal Reserve Wednesday, to end the session with a 1.2% gain. The dollar index traded with an [...]