Stocks surged, sending the S&P 500 up for a sixth straight session and propelling the Dow to a 13 month high, after a G-20 host became the market’s Darling for a day. Equities and ironies e

I'm just back from the road and have two thoughts this morning. First, contrary to every press report that you've read, consumer credit didn't shrink during August. Once again, the media have focused

Cancel that Prius, just like commodity technicians Fall Out Boy once sang, "Oil, We're Going Down". OK, it was "sugar," but oil is definitely going lower. Seriously. Why you ask?

There were 2 articles out recently about the structure of volatility derivatives. One suggested the worst was probably over; the other suggested investors bet on a return to volatility.The note out t

Monday, January 12 Economics Earnings Before: SCHW, MTB After: AA Events UBS Greater China Conference Deutsche Bank Securities Global Markets Outlook Conference - Singapore Mortgage Securities Associ

As the full extent of crooked money manager Bernard Madoff’s crimes becomes clear, losses are being felt around the world. This morning in Europe, Spain’s Grupo Santander and France&rsquo

Despite a litany of bleak economic and corporate news during the past week, global stock markets digested the bearish fodder with a sense of aplomb. The MSCI World Index and the MSCI Emerging Markets

Letters of Credit: Going, Going Gone?Just as the business world is dependent upon commercial paper as its life blood, the world of global trade depends on letters of credit (LOC). Without LOCs, the w

I’ve been writing for almost a year that the next shoe to drop on US banks would be commercial construction lending. Today we look at some hard numbers.Construction Lending: The Next Shoe to Dr

The Securities and Exchange Commission may require some US companies to switch to international accounting rules by 2014. The SEC says the change will make American companies more competitive in the