Financial Sense

Greece’s New Money: Many, Not One?
Charles Hugh Smith's picture

What we may be witnessing is the first phase of a new era of widespread non-state currencies. It was easy to predict the eventual collapse of the one-currency-fits-all euro: indeed, many analysts explained why it was doomed...

ISM Non-Manufacturing: Continued Growth in June at a Slightly Faster Rate
Doug Short's picture

Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 56 percent, up 0.3 percent from last month's 55.7 percent. Today's number came in fractionally...

China Chicanery Causes Chaos
Kurt Kallaus's picture

Economic comparisons of economic data and stock values in most first world countries appear rational. Expectations of marginal economic growth rates and earnings in general correlate well with stock prices longer term.

Reflections on France
Bill Witherell's picture

Having lived in France (where I was OECD’s Director for Financial and Enterprise Affairs in Paris) for some 28 years, I try to touch base there once a year. I have recently returned from three weeks visiting Paris and...

Is Gold Really Manipulated? Or, Are You Being Manipulated?
Avi Gilburt's picture

The most common complaint I now hear as to why many are fearful of investing in precious metals is that they feel they have been “manipulated to go down.” While many investors have been scared into believing this...

Greece’s Referendum
Alasdair Macleod's picture

This coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving the euro. It is about accepting or rejecting the troika’s bail-out terms.

Japan’s Yen Has Only Begun to Fall
Andrew Zatlin's picture

The economic outlook for Japan is not pretty. The country, once the poster child for technological advancement and export strength, has been struggling in both areas. Take a look at some of the technical analysis below which...

Greece Deal, ADP Cheer Markets
Sheraz Mian's picture

Markets appear in a cheery mood on renewed hopes of a Greek deal following fresh proposals from the Greek government. The Greek headlines dominate while a strong ADP (ADP) jobs report this morning adds to...

Now’s Really Not the Time for a Liquidity Crisis
Global Risk Insights's picture

Liquidity risk in the global bond markets is peaking at the worst possible time. It’s not simply an inconvenience for Greek bank customers emptying ATMs; a number of other trends have been building for a while that have bond investors worried.

Deadlines Come and Go, Markets Endure
Marc Chandler's picture

Greece has formally fallen into arrears with the IMF, and the second aid package has expired. The markets have taken it in stride. The euro was briefly pushed below $1.1100 but snapped back quickly amid reports that Greece is...