The VIX Spikes 10% To A 2-Week High
All hell is breaking out in Greece and risk assets like stocks and commodities are selling off sharply. Three days ago, we noted that the CBOE volatility index (VIX), popularly known as the "fear...
View ArticleThis Is Africa's Chance To Leapfrog The Declining West
You've heard about the African Renaissance, right? The Aid Bosses, once the unquestioned successors in Africa to the joint heirloom of Mother Teresa and Lord Clive of Chennai, are finding it harder...
View ArticleUBS Answers: Who Are The Fittest Countries In Europe?
As Europe begins another year of its sovereign debt crisis, many core and peripheral European countries are still in poor financial shape. Italy is showing worrisome signs, Portugal is in shambles,...
View ArticleThe Greek Government Is Falling Apart
Although hopes for a positive outcome in Greece were buoyed by news that Greek politicians had come to an agreement on austerity measures yesterday, that enthusiasm has quickly vanished. Eurozone...
View ArticleMARKETS SINK AND GREECE IS FALLING APART: Here's What You Need To Know (DIA,...
Finally, some volatility in the markets. Not that we were hoping for it. First, the scoreboard: Dow: 12,801.2, -89.3, -0.7%S&P 500: 1,342.6, -9.3, -0.7%NASDAQ: 2,903.9, -23.4, -0.8% And now, the...
View ArticleOne Big Market Streak Is Still Alive
It was looking a little hairy there for a bit, but all is well. A streak we've been watching for awhile now -- the market's lack of days without 1% down day -- is intact. Thanks to Greece coming...
View ArticleGreek Cabinet Approves Austerity Plan
After a day of worrisome headlines, Bloomberg reports that the Greek cabinet has approved a package of austerity measures necessary to receive troika loans. This comes despite numerous cabinet...
View ArticleSTEPHEN ROACH: China Should Experience A Soft Landing, But There's One Wild Card
Stephen Roach, the non-executive Chairman of Morgan Stanley Asia spoke with Bloomberg's Trish Regan on Friday about all things China. Roach's baseline scenario for China's economy is a soft landing,...
View ArticleECRI's Puzzling Recession Call Got Weaker AGAIN
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -4.3 in its latest reading, data through February 3rd. The latest public data point is a reduced...
View ArticleAn Amazing Apology From George Papandreou
Debate is happening inside the Greek parliament on the latest reform measures ahead of a planned vote tomorrow. The cabinet had approved these brand new measures yesterday. It's looking like another...
View ArticleDoes This Look Like A Hard Landing To You?
That chart's for China, and as you can see, small business PMI just hit its highest level in a year, despite the Lunar New Year slowdown. And so Deutsche Bank analysts Jun Ma, and Linani Liu write:...
View ArticleA Strange Anomaly Is Happening With Corporate Earnings
Earlier in the week, we did a quick story on a note from Credit Suisse's Andrew Garthwaite on various anomalies that were occurring in the market right now. The big anomaly, as almost everyone knows,...
View ArticleNow We Know Why The White House Did Such A Horrible Job Saving The Economy
For the first time since the Great Recession, the economy is showing some signs of being on a "sustainable" recovery path. And the timing is pretty great for Obama, if the momentum can continue...
View ArticleRemember That Bad Q4 GDP Report? Look At It Now
A couple weeks ago, the advance estimate of Q4 GDP came in at 2.8%, below the estimates of 3.0%, and it caused people to start getting worried about the economy sputtering out. Well, that was just the...
View Article16 Fresh Insights That Changed The Way We Viewed The World This Week
We thought we had it all figured out before this week started. We were wrong. The top minds in the investment business offered some novel analysis, broke conventional wisdom, and even opened our eyes...
View ArticleUBS Asks: Has Greece Already Been Printing 'Quasi-Drachmas'?!
In a note from this week, UBS economist Stephane Deo asks: Is Greece (already) printing its own money? Deo centers on two areas: The first is the expanding balance sheet of the Greek central bank via...
View ArticleJim O'Neill: China Has Already Created Half Of The Economy Of Greece In Just...
From the latest letter from Goldman's Jim O'Neill, a jaw-dropper of a stat... This past week, the 6 in the year 2012, has displayed a slightly different character to the previous 5 weeks with the...
View ArticleBarron's: THE DOW IS GOING TO 15,000 AND BEYOND
This weekend's Barron's cover story is sure to provoke people wondering if, perhaps, the new-found market euphoria isn't perhaps a bit overdone. The story keys off the work of finance professor and...
View ArticleThese 16 Countries Are Leading European Innovation
Europe may still be in the grips of a financial crisis, but that hasn't stopped a number of countries investing in innovation and research and development. An annual study by the European Commission,...
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