Michael Shedlock's picture

Once again the IMF is back in the news in regards to Greece. The IMF staff told the board of directors Greece Disqualified from New IMF Program. Yet, Germany insists IMF be a part of the program.

Michael Pettis's picture

I plan to post a new entry very soon but before doing so I wanted to say a few things about the stock markets, which continue to be insane (but not unexpectedly so) and then repost a blog entry that is nearly five years old.

Sheraz Mian's picture

The Exxon (XOM) and Chevron (CVX) reports today spotlight the pain in the oil patch as industry players brace themselves for a ‘lower-for-longer’ oil price environment. The comparisons to the same period last year...

Sheraz Mian's picture

It’s all about the Fed today, with the FOMC concluding its two-day session later this afternoon and expected to provide clear indicators about its next steps in the statement. Beyond the Fed, the parade of weak earnings...

Marc Chandler's picture

The sharp decline in Chinese stocks and the policy response is important for global investors but not on the grounds commonly cited. It is unlikely to have a major impact on the Chinese economy. It is unlikely to be...

Reva Bhalla's picture

Forecasting the shape the world will take in several years or decades is an audacious undertaking. There are no images to observe or precise data points to anchor us. We can only create a picture, and a fuzzy one at best.

John Mauldin's picture

Prodi and the other leaders who forged the euro knew what they were doing. They knew a crisis would develop, as Milton Friedman and many others had predicted. It is not conceivable that these very astute men didn’t realize...

Matthew Kerkhoff's picture

At least that’s what the latest update from The Conference Board says. Released last week, the figures for June suggest that not only is the US economy improving, but it will continue to do so. The Conference Board...

Puru Saxena's picture

According to our methodology, the primary uptrend on Wall Street is still intact; however, we are starting to observe some troubling signs which suggest that we may be in the final innings of this bull market.

Urban Carmel's picture

There's a tradable set up in gold. Sentiment, seasonality and the price pattern (especially the 2% intraday reversal on Friday) are all favorable. Importantly, there is a clear stop if price fails to rally. An even better set up...