Market Observations on the Economy

Michael Pettis's picture
Michael Pettis
09/02/2015 - 08:39
With so much happening in China in the past month it seems that there are a number of very specific topics that any essay on China should focus. I worry, however, that we get so caught up staring at strange clumps...
Kurt Kallaus's picture
Kurt Kallaus
08/31/2015 - 09:26
Price patterns created by repetitive general psychological investor reactions to panics can be interesting and useful. Often these panics occur when there is no economic basis in reality. The Black Monday 1987 panic, the 1998 Asian Contagion panic...
Chris Puplava's picture
Chris Puplava
08/26/2015 - 15:29
Given the recent sharp decline in the market, the overwhelming question from clients is whether this is the beginning of a new bear market similar to 2000-2002 or 2007-2009. Though I don’t think we are quite there yet, here is the big picture...
Bob Eisenbeis's picture
Bob Eisenbeis
08/25/2015 - 08:32
Despite the huge surge in market volatility the past three days and the tumultuous drop in US equities, these moves tell us nothing about the state of the US real economy. China is having its problems, largely...
FS Staff's picture
FS Staff
08/21/2015 - 13:13
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...
Urban Carmel's picture
Urban Carmel
08/19/2015 - 09:22
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...
Global Risk Insights's picture
Global Risk Insights
08/18/2015 - 08:14
China’s decision to let the yuan depreciate last week came for a number of reasons, including being a needed boost for Chinese export industries. But there are two sides to every currency swing, as the following countries are...
Urban Carmel's picture
Urban Carmel
08/17/2015 - 09:44
The apparent divergence between credit-risk, as seen in rising high-yield bond spreads, and equities is due primarily to the 60% drop in oil prices over the past year. There's been no remarkable rise in spreads outside...
FS Staff's picture
FS Staff
08/13/2015 - 10:17
Financial Sense recently caught up with Neil Howe, best-selling author, speaker, and the leading authority on generational cycles in America, to get an update on his famous book, The Fourth Turning, and his prediction that America has now entered a...
Urban Carmel's picture
Urban Carmel
08/10/2015 - 10:29
The major macro data for the US so far suggest positive, but modest, growth. This should not be a surprise given the classic pattern in the years following a financial crisis. As well, there has been a tendency for macro data to underperform...