Michael Pettis's picture

Today’s Financial Times has an article discussing the travails of Greece’s new Finance Minister, Yanis Varoufakis as he takes on Germany. The European debt crisis is not a conflict among nations. All economic systems...

Urban Carmel's picture

Low interest rates are not popular with fund managers. A prominent bond fund manager, for example, thinks that "central banks are 'distorting' capitalism by keeping interest rates ultra low and causing returns on...

Sheraz Mian's picture

Without much on the data front this morning, optimism about Greece is giving stocks an early boost. The turnaround in oil prices is helping Energy sector stocks, as well. Greece’s new government appears to...

Matthew Kerkhoff's picture

This is a data-heavy week in the markets. With the price-action of most major indexes bouncing around showing no clear trend, let's explore the data that investors are chewing on when making their assessment of what's to come.

Jeffrey D Saut's picture

It’s that time of year again when the media is abuzz with that old stock market saying, “so goes January, so goes the year.” With the D-J Industrial Average (INDU/17164.95) off by 3.69% for the month of January...

Michael Shedlock's picture

Is there a point to beating your head against a concrete wall? The answer would seem to be "no", yet President Obama continues to do just that with dead-on-arrival proposals.

Michael Pettis's picture

Monetary policy is as much about politics as it is economics. It affects the ways in which wealth is created, allocated, and retained and it determines the balance of power between providers of capital and users of capital.

Chris Puplava's picture

Currently we are seeing the biggest global reflationary wave since 2008/2009 as central banks across the globe are slashing interest rates and expanding their balance sheets. Monetary policy acts with a lag and in the months ahead we are likely to see its effects...

Doug Short's picture

The Advance Estimate for Q4 GDP, to one decimal, came in at 2.6 percent, a decline from 5.0 percent in Q3. Today's number disappointed mainstream economists' estimates, which were for a a smaller decline.

Chris Puplava's picture

We are currently witnessing building financial stress across the globe, which is likely stemming from concerns over Greece’s recent election results as well as turmoil in both commodity and currency markets. While credit markets are deteriorating we’ve yet to see this spillover...