Market Overview

Did you notice that Greece’s creditors are not rushing to offer the Greeks a new deal in the wake of the stunning referendum result on Sunday? In fact, it is being reported that the initial...

The Labor Market Conditions Index (LMCI) is a relatively recent indicator developed by Federal Reserve economists to assess changes in the labor market conditions. It is a dynamic factor model of...

The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian...

Monday the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 56 percent, up 0.3 percent from last month's 55.7 percent. Sunday's...

Our earlier update on demographic trends in employment included a chart illustrating the growth (or shrinkage) in six age cohorts since the turn of the century. In this commentary we'll zoom in on the...

Churchill reportedly once quipped that one can always count on the Americans to do the right thing after they have exhausted the other possibilities. That description is equally fitting for Europe at...

Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion in debt owed to bondholders. I find this rare bit of...

Shanghai shares closed down nearly six percent Friday, having lost almost 30 percent from the pick on June 15,200 points.China's government relaxing rules on margin trading have failed to arrest the...

Although today’s news seems to be fixated on the Greek OXI, the real game-changer is located on the other side of the globe, with the specter of growing illiquidity and rising volatility amongst...

Yesterday, Greece held a referendum: the majority of citizens refused budget cuts in exchange for additional financial aid. This morning the euro, American and European indices opened with a steep...

Tsipras produces a rabbitCredit where credit's due. In the boldest of political gambits, Greek prime minister Alexis Tsipras held his nerve, got his carefully-worded referendum over the line and now...

A Decisive No Victory in GreeceOur screens are covered in red this morning, following the decisive victory of the NO side in Greece. After the result was made public, Finance Minister Yanis Varoufakis...

Market Drivers for July 6, 2015 Greece Votes NO Varoufakis resigns rallying euro on hopes of more constructive talks Nikkei -2.08% Europe -0.62% Oil $55/bbl Gold $1166/oz. Europe and AsiaAUD: ANZ Job...

Many Market participants are clearly not understanding the current situation in Greece and the contagion it can cause. It's not Greece alone, its the real systemic contagion risk and potential...