Charting Stocks

Hillary Clinton has asked China to keep buying U.S. debt and to work with Washington in combating the global economic crisis. Clinton was speaking Sunday before leaving Beijing at the end of a four-nation tour of Asia — her first overseas trip since taking office.
Clinton urged that buying treasuries would be in China’s interest as [...]

The credit worthiness of the United States is deteriorating rapidly and may lead to a credit rating downgrade.
In our 2009 forecast, we mentioned that the United States may be downgraded this year.  The trillions of dollars being pumped into a dying financial system will have its consequences. The treasury is expected to issue $2 trillion [...]

The 2008 US dollar rally is losing steam and may be coming to an end. I know that the run up in the currency left many in the financial world scratching their heads. How can the currency of a collapsing economy strengthen? Why, when trillions of new dollars are being created out of thin air, [...]

Credit default swaps on treasuries hit another record. It now costs 66 basis points (0.66%) to buy protection against a US Government default on its treasury bonds. The cost has risen over 100 times the  January 2007 level of .06 basis points (0.006%) .
Credit default swaps (CDS) are a kind of insurance contract that can [...]

Today’s treasury auction outlined the panic that still dominates the financial markets. $36 Billion in T-Bills were auctioned off today which gave a 0% yield. Why would anyone be willing to make an investment in which they are guaranteed to make nothing? The one word answer is “Fear.”

Because treasury bills are direct obligations of the [...]

Charting Stocks Update
March 17, 2007
Merrill Lynch urges the Fed to cut rates:
Merrill Analyst — “If the inflation-fighting Federal Reserve were to keep rates unchanged to contain price growth — instead of cutting by 1 percentage point in the second half of 2007 as Merrill expects — then this would put the probability of an outright [...]