The Big Picture

I very much appreciated this perspecitve offered by Dylan Grice of Société Générale: “All outcomes are caused by an...

While I wish for the day when the millions of market participants daily set the price of money based on the natural supply of it and...

Japan posted its 1st ever trade deficit with the EU. In May shipments declined by -0.9% YoY, though up 38% to the US. Imports rose by...

Source: Bloomberg BRIEF June 18, 2012

Flirtin’ with Disaster John Mauldin June 18, 2012 This week I offer a main course, a veritable piece de resistance, for...

I am curious as to what people’s views are regarding the new entry into the tablet wars: Does this thing have a chance? Can...

My afternoon Long Island Railroad quiet car homework: • Spain pleads for ECB rescue as bond markets slam shut (Telegraph) see also Debt...

All this week, we will be looking at Isaac Gradman’s Top 5 RMBS Cases to watch this Summer (author bio at bottom). Today, we go to...

Eurozone crisis: Germany set to allow eurozone bailout fund to buy troubled countries’ debt — this story getting around. My...

In my May 22nd post here on the Big Picture titled “Are Markets in a Crash?”, I argued at the time that credit spreads, which...