Market Overview

Historic deals are not achieved every day, but Iran has clinched a deal with its negotiators in the face of outright fear mongering and pessimism. Both parties have ended up with a deal which is...

The cycle of hyperinflation is already upon us. It was set in motion long ago.We are in the ultimate conundrum. Politically, the US Government, Treasury, and Central Banks must satisfy – pay for...

Another One-Hit WonderIn spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has stymied those efforts, at least in regards to consumer prices and...

Hillary Clinton won’t propose reinstating a bank break-up law known as the Glass-Steagall Act – at least according to Alan Blinder, an economist who has been advising Clinton’s...

When people speaking normal non-lawyerly English use the word “deceit,” they generally refer to somebody’s effort to pull a fast one on somebody else. Jones deliberately tries to get...

With Greece and China moving in the background, the Fed is likely to return its focus to domestic data. We believe this will prompt a first rate hike in September.We continue to expect solid US data...

Greek situation - questions about ECB lifting ELA cap and the possibility of reintroducing the waiverFlexibility in ECB programmes - limited pre-summer frontloading: the ECB can use 'broad...

I’ve been stressing several different triggers that could cause the next great crash and depression, after over six years of non-stop stimulus and bubble denial. They are: the faults in southern...

The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal...

Summary: This post reviews the main economic data from the past month. Highlights:Employment: The average monthly gain in employment during the past year was 245,000, the highest since the 1990s....

More Info on the Greek Bailout PlanYesterday the markets were all about Greece. After the announcement that an agreement in principle had been reached Sunday, more details were revealed during the...

U.S. industrial production is expected to increase 0.1% in tomorrow’s June report vs. the previous month, according to The Capital Spectator’s average point forecast for several...

I was rather disappointed with yesterday’s developments. I had been hoping to see a stronger resumption of dollar gains but it tended to peter out far too quickly. It doesn’t really break...

Pluto and Retail Sales:Not exactly markets related, but quite a big deal nonetheless, with NASA confirming overnight that its unmanned New Horizons spacecraft successfully passed by Pluto and...