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Christopher Galakoutis
Independent Investor & Commentator - MurkyMarkets.com, Westport, Connecticut - USA. He has been writing about the markets since 2005.
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| Of Fed Heads and Rat-Holes |
| Tuesday, 31 August 2010 at 10:21 |
The Federal Reserve announced earlier this month that economic conditions were “likely to warrant exceptionally low levels of the federal funds rate for an extended period.” As stated in a prior column the Fed follows the market when setting interest rates, and economic conditions are what...
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| Mid-Summer Stock Rally Sending False Signals |
| Wednesday, 18 August 2010 at 10:23 |
Stock markets around the world have rallied strongly since the start of July, snapping losing streaks for the year, and stepping back from the edge of the cliff after marching there to the beat of the Greek debt crisis.
The Chinese stock market for instance, as good an indicator as any given its...
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| Unemployment: The Elephant in the Room |
| Sunday, 15 August 2010 at 10:30 |
In the lead-up to the vote on the massive $787 Billion stimulus bill of February, 2009, the White House was touting the 8 per cent unemployment level as a number well within reach, given that the intent of the stimulus was to create jobs and promote investment and consumer spending during one of...
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| Are Central Banks Really in Control? |
| Sunday, 01 August 2010 at 10:38 |
It continues to amaze how market participants wait with bated breath the comments of central bankers, particularly the Federal Reserve and specifically those of current chairman Ben Bernanke.
In addition they clamor about the federal funds rate, and whether it will be increased from its current...
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| Are Comparisons to Great Depression Unwarranted? |
| Thursday, 29 July 2010 at 10:13 |
Much has been written in the last two years about the gravity of the financial crisis and the consequences for so many people around the world. Economics however is not physics, and finance and the markets even less so, which helps explain the wide-ranging opinion out there on whether the worst of...
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| The Vise Continues to Tighten |
| Friday, 16 July 2010 at 14:15 |
We continue to read daily of the budget struggles not only at the US federal government level, but all the way down the line from the state and local governments to the essential service providers.
Tax revenues are the crucial variable in any budget formula, and they have been falling for the last...
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| Deflation is now the Primary Trend |
| Monday, 12 July 2010 at 10:02 |
I find it very interesting to see advertisements all over the radio and on late night television about gold. This has been happening for a few months now.
We have even seen conservative talk show hosts on American prime-time cable television recommending this or that gold dealer, while letting it...
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| Standing Clear of Today’s Crowd |
| Friday, 09 July 2010 at 16:43 |
I was asked the other day what I thought about the Gulf of Mexico oil spill and whether it would impact the markets in a negative fashion.
We see such questions posed every day. Looking for the edge, today’s market participants of every stripe, from the professional to the casual investor with...
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| Are Corporate and Muni Bonds a Safe Haven? |
| Wednesday, 07 July 2010 at 12:28 |
With the stock markets seesawing their way out of the public’s comfort zone since the dramatic declines of 2008-2009, many investors have turned to the “safety” and “security” of bonds for piece of mind.
Is that piece of mind warranted?
We don’t think so.
In early May of this year we...
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| China move on currency largely misinterpreted |
| Friday, 25 June 2010 at 14:25 |
Both the stock markets and news reports have largely overstated, in my opinion, the Chinese central bank’s announcement on June 19 that it would further reform its exchange rate regime and increase the flexibility of the RMB exchange rate.
The knee-jerk interpretation -- rarely correct -- is...
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