On March 10, I asked the question, “Is this Europe’s month of reckoning?” (http://seekingalpha.com/article/257590-is-this-europe-s-month-of-reckoning).Well, the answer is no! The result of the meetings held...
Read MoreLast month I wrote a post about “Why is most of the Fed’s QE2 Cash Going to Foreign Related Banking Institutions.” (...
Read MoreFrom the Wall Street Journal this morning:“U.S. families—by defaulting on their loans and scrimping on expenses—shouldered a smaller debt burden in 2010 than at any point in the previous six years, putting them...
Read MoreNew Federal Reserve statistics just released indicate that the Reserve Balances of commercial banks at that Federal Reserve increased by more than $83 billion this week to come in just short of $1.4 trillion on Wednesday March...
Read MoreInterest rate spreads on European sovereign debt jumped to new levels yesterday. On 10-year bonds, Greek debt rose to 942 basis points over German bonds of the same maturity. Portugal rose to 436 basis points over the German...
Read MoreJean-Claude Trichet, the President of the European Central Bank (ECB), made headlines toward the end of last week by suggesting that the ECB might have to raise its major interest rate in April.This suggestion raised quite a bit...
Read MoreHow much should the United States government cut its budget deficit?This seems to be the big debate in Congress surrounding discussions/negotiations related to the new fiscal budget.The problem as I see it is that the United...
Read MoreThe Federal Reserve continues to pump funds into the banking system. Reserve balances at Federal Reserve banks reached $1.3 trillion on March 2, 2011. This is up from $1.1 trillion onFebruary 2 and up from $1.0 trillion on...
Read MoreEurope has been relatively quiet recently, except for occasional bursts of news coming from or about German Chancellor Angela Merkel. The euro has been relatively strong: it has risen a little over 7% against the U. S. Dollar...
Read MoreI continue to be a long-term bear on the United States Dollar. The credit inflation that is looming on the horizon in the United States over the next decade is daunting. Financial leverage is going to increase once again and...
Read More
