Rob Kirby's picture

Interesting times we live in, eh? Our global financial markets have metamorphosed more in the past fortnight than they did in the previous 14 years. Here’s a recap as to why, paying specific attention to the build-up of derivatives...

Martin Goldberg CMT's picture

There is nowhere to hide in this market. At some point the expression, “there’s always a bull market somewhere” had to prove itself to be wrong. And now is the time. Save for bear funds, there is not a bull market anywhere.

Chris Puplava's picture

By Chris Puplava – Today’s Observation will be light on commentary as I will let the charts do most of the talking in terms of gauging where things stand currently. Let’s dive right in. Despite all the efforts from the Federal Reserve...

Frank Barbera CMT's picture

For the last two weeks most Americans have been mesmerized by the financial train wreck unfolding before our very eyes. We have witnessed major banks like Wachovia, Washington Mutual and other (FNM, FRE, AIG, Lehman, Merrill Lynch) financial institutions collapsing on a nearly day-to-day basis.

Rob Kirby's picture

To say that events that unfolded in the world’s financial markets last week were ‘unprecedented’ is perhaps a little too cliché. So let us revisit some of the key events which reportedly unfolded in the wake of Lehman’s demise...

Chris Puplava's picture

By Chris Puplava – Mr. Rogoff is probably correct that we aren’t even halfway through the credit crisis, and I would also add that we are not even halfway through the market correction, nor what will undoubtedly be declared...

Frank Barbera CMT's picture

For the last few days, the US Financial system and perhaps, the global financial system, has moved to the brink. Events surrounding American International Group (AIG) seem to have brought this crisis to a head.

Chris Puplava's picture

By Chris Puplava – Oh, what a tangled mess we have! The bailout of Fannie Mae and Freddie Mac is the latest attempt to bring stability to the housing and financial markets. But the question remains, is it enough?

Rob Kirby's picture

Fannie and Freddie were finally nationalized on Sunday, September 7, 2008 – a date that may very well live in infamy. Shareholders of the mortgage behemoth mortgage giants have been effectively wiped out.

Chris Puplava's picture

Despite all of the negative fundamentals facing the U.S. economy, the unthinkable has happened: the dollar has staged a significant rally. Since bottoming in July the USD has risen 9.6% to over 78 after grinding out a bottom since May.

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