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Richard Rittorno: The euro fell back from an overnight high of $1.3671 this morning and has been trading in tight trading range throughout the day as the fate of Greece remains a focus. Read more…
Tim Seymour: Turkey, Brazil, Russia: after months of protesting that their money bought too much, country after country is now moving aggressively into the foreign exchange markets to support their currencies. Read more…
Bryan Rich: When Standard & Poor’s downgraded U.S. government debt last week, everyone was stirring about the prospects of a big sell-off in the dollar (NYSE:UUP) and U.S. Treasuries — but it didn’t happen. Read more…
Joseph L. Shaefer: To answer that question, let’s take a look at what’s bad and what’s good. (Yes. There is some good and it will get better. I am no Pollyanna — I wrote “The Myth of the Summer Rally” back on June 28th when everyone was wildly enthusiastic, all the news was good, and never Read more…
Przemyslaw Radomski: President Obama’s slogan changed from “Yes we can” to “Yes we cave”, as heard on one of the Late Night shows this week. It only took the threat of financial Armageddon to get both sides to work together and get the debt ceiling legislation passed. So the U.S. avoided Read more…
Sean Hyman: Imagine losing 14% of your wealth overnight – doing absolutely nothing at all. You didn’t invest in the wrong stock. Buy the wrong piece of real estate. Or gamble on the wrong outcome. You just went to sleep… Read more…
Bryan Rich: Without question, the sovereign debt crisis is in full swing … It is unsustainable debt that is threatening to break up the 12-year-old European Monetary Union. And it is unsustainable debt that is threatening default and downgrade to the most ironclad credit in the world: The credit of Read more…
George Maniere: Am I the only one who finds it a bit ironical that the agencies that were supposed to protect us from the greed of the bankers, the same the same agencies that stamped the garbage mortgages, CDO’s and derivatives “AAA” grade so they could partake in the greed fest that was going Read more…
Michael Sankowski: You don’t have to look far to find terrifying headlines:
Martin Hutchinson: As a young British banker in the inflation-ridden 1970s, I got used to carrying large amounts of German deutsche marks, Swiss francs and Japanese yen in my wallet – to have some security against the lousy performance of the British pound sterling. Read more…
Larry Edelson: Despite all the grandstanding and dirty politics in Washington, any day now the United States debt ceiling of $14.294 trillion will be raised. Read more…
Toby Connor: When priced in something that has real value and cannot be debased (gold), one can clearly see that stocks have been in a severe bear market since 2000. (If one were to look at PE valuations during the same period they would see the same bear market.) Read more…
David Zeiler: Should the U.S. return to the gold standard? It’s a question that has taken on new relevance during a time of soaring deficits and sky-high national debt.
Many of the world’s most successful governments, from ancient Rome to the British Empire, Read more…
Joseph L. Shaefer: It would be a fine “flourish” indeed if I could answer the question posed by my headline that, long term, it would be the latter. Alas, long term, I am convinced that the U.S. government has embarked on a permanent policy of U.S. dollar degradation. Government leaders Read more…
The DXY has been the death star for emerging currencies and commodities, but the actual extent of the move has been relatively mild so far. Read more…
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