Author : Marc Chandler

Economics, dubbed the dismal science, studies scarcity.  A question that predates human society is how to distribute scarcity.  Nature rewards the strong, the quick, and the cunning.  Societies mitigate...

The semblance of stability that had seemed to return to the global capital markets has ended abruptly.  Nearly every major country that has reported August manufacturing PMI except Germany...

After a tumultuous week, the global capital markets are struggling to stabilize.  Chinese equities were under sharp downward pressure following news reports that the large-scale intervention was to end. ...

There are three things that will command investors' attention in the week ahead.  The first, and most important, is whether the global capital markets will continue to move toward...

The US dollar has been on a roller coaster ride. Many have lost confidence in the underlying trend.  An important prop for the dollar, namely the prospects for the...

1. Turkey has formed an interim government, but the AKP is slipping in the polls.  2. The South Africa Reserve Bank (SARB) is debating FX intervention, but sending confused...

While Asian equity markets extended yesterday's rally, a consolidative tone has emerged elsewhere.  This translates into heavier equities in Europe, including US shares that trade there, lower core bond...

US 10-year Treasury yield has risen 30 bp since Monday's low water mark.  There are a number of reports that are trying to link the back up in US...

The global capital markets are staging a convincing recovery.   The strong sustained gains in US equities yesterday has fueled continued recovery in Asia and Europe.  The strong rally of...

The US dollar and equity futures responded favorably to the stronger than expected durable goods orders.  The sizable upward revision in the June shipments (from 0.3% to 0.9%) underscores...