As you may have read, the Chinese grilled OMB director Peter Orzag on the impact that the health care bill would have on the US fiscal position. As I have warned, the passing of the current bill by Congress is a negative for the US dollar and may trigger a re-evaluation of Chinese US Treasury purchases. Read More
Both the Dow and S&P closed lower on Monday as investors ditched natural resource names after commodity shares succumbed to pressure from the higher U.S. dollar. Read More
Legendary Wall Street investor Byron Wien, senior managing director at Blackstone Group, issued his predictions of top surprises for 2009 at the beginning of the year. Ten months later, he discussed those predictions with CNBC. Read More
Stocks rose on Thursday after a surprise profit from Alcoa sent materials names higher and generated an overall feeling that earnings season had gotten off to a strong start. Read More