Market Overview

On Monday, the Japanese Yen held a near two-month high against the Dollar and the Euro in the early Asian session, amid market hysteria and confusion over when and how the U.S. Federal Reserve (FED)...

The chart below shows a clear divergence in trends of the total loans and leases on U.S. banks' balance sheets, and the broad money supply measure (M2). Loan balance growth is slowing, while the money...

I was watching Bloggingheads.tv, where Mark Blyth noted that contra Rogoff and Reinhart, Great Britain had a very high debt/gdp ratio at the beginning of the 19th century and then proceeded to have...

A couple of weeks ago, we posted a graph that depicted the transmission mechanism of US monetary policy. We follow up that with a Great Graphic of how the ECB understands the transmission mechanism of...

Paris has rejected a last-minute concession over its cultural industries intended to overcome French objections to the formal launch of EU-US trade talks at the Group of Eight summit next week. At a...

We have shown versions of this chart before, but given the recent price action it is worthwhile to revisit. This Great Graphic, constructed on Bloomberg, shows the dollar against the yen in white and...

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 131.3, up slightly from last week's 131.0 (revised from 130.9). The WLI annualized growth indicator (WLIg) rose to...

EquitiesWith stock market correction still in progress, sentiment has changed in recent weeks. Without further ado, let us cover this week's conditions. This week's AAII survey readings came in at 33%...

The classic instructions given to a speech giver in a speaker's training course are as follows: 1. Say what you are going to say. 2. Say it. 3. Say what you said. 4. Say thank you very much, are...

The housing market simply isn’t improving at the rate many in the mainstream media are telling us. Home prices are still significantly lower than what they were during 2005 and 2006. On its own,...

There was a time when I might have found it difficult to explain the investment business to my son. No longer. All I have to do is tell him that some of us try to guess what the Fed’s next move...

In another sign of recent weakness in the manufacturing sector, capacity utilization in the US has stalled, as demand remains soft. US industries are producing significantly below their capacity and...

Who are the victims in the mediocre employment situation? It is not people over 55, women, Hispanics or the educated.Please note that the graphs below are indexed on the start date of the 2001...