
Japan closing in on China as largest holder of US debt
For just the 2nd month since mid 2009, foreigners sold US Treasuries on a net basis according to the just released TIC data. The main...
Japan downgrades its economy, yet again
The Japanese government downgraded its view on the Japanese economy, once again. The report, released today, reduced forecast employment,...
10 Friday AM Reads

Kumbaya?/Nikkei spikes again/Shanghai drops again
In terms of the major issue of the day, that being fiscal, today’s the most important day of the week as finally the President will...
Cue la France

Time for a Bounce?
Markets have slid about 2% on two consecutive weeks. SPX is now off its September highs of 1465 by about 110 points or 7.5%. So far, this...