Patrick O'Hare's picture

The week that just concluded was supposed to be dull. Reports at the start of the week highlighted how it was a popular vacation week for senior staffers, that trading volume would be light and that S&P 500...

FS Staff's picture

Many investors are wondering whether the recent move by the Chinese central bank is the start of a new currency war, signal of a coming banking crisis and market collapse, as some predict, or otherwise. Felix Zulauf and Marc Chandler weigh in on the subject...

John Mauldin's picture

A new report from Pew Charitable Trusts that examines debt within each generation finds that as you move down the age ladder, consumers are less likely to view debt in positive terms. This report helps us understand...

Gary Dorsch's picture

On August 11th, the hierarchy of the Chinese Politburo surprised the global financial markets, by unilaterally devaluing the yuan against the US$, without any advance notice. Beijing quickly engineered a 3% devaluation...

David Kotok's picture

Here we go again with the debate over whether or not the Federal Reserve (Fed) should, could, will, or won’t raise rates in September. This interminable drum roll of a debate must come to an end. The issue is that there is...

Global Risk Insights's picture

The three-day devaluation, which rattled markets last week, serves two ends for the Politburo; it is a move towards a slightly more market-based rate, and it tests the last tool left untried in the fight to sustain...

Michael Shedlock's picture

Inquiring minds may wish to investigate my November 6, 2007 commentary on Greenspan's "measured pace", well ahead of the crisis: Greenspan on Housing, Central Bank, Gold. Even at the above half-pace...

Urban Carmel's picture

How have different asset classes in the past responded when the FOMC has raised rates for the first time? Commodities were the best performing asset; they boomed. The dollar sold off. Equities usually rallied into the decision, then sold off, and then rallied again. Treasury yields rose. The total return for high yield bonds was usually positive.

Michael Pettis's picture

Last Tuesday the PBoC surprised the markets with a partial deregulation of the currency regime, prompting a great deal of discussion and debate about the value of the RMB. Part of the discussion was informed by...

Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is...

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