The sharp moves in the euro versus the US dollar have been the result of expectations that, in the near-term, the Fed will hike rates and the ECB will cut.  However, there are indications that these shifts in interest rates won't even occur until 2009.

Bill Bonner writes that the idea of taxpayers bailing out the mortgage finance industry is ridiculous.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for September 9.

Bill Bonner looks at the big picture after the fall of Freddie Mac and Fannie Mae.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for September 8.

After The US government finally took control of mortgage giants Freddie Mac (FRE) and Fannie Mae (FNM) today.  Wall Street has been expecting this, so we could actually see a positive turn in the stock market, as well as the credit markets.  Improving credit markets will be important as evidence mounts of a slowdown in consumer spending.

We are entering the next stage of the credit crisis, and one which is potentially more troubling than what we have seen over the past year, absent some policy reactions by the central banks and governments world wide.

Markets across the globe are sinking.  Apparently, they still had some hope in a speedy U.S. recovery, but no such luck.

Tim Bourquin interviews Nigel Sher, who talks about his personal progression from a novice trader without much in the way of technical trading structure and or money management principles to a trader who has just recently experienced a major set of milestones and turning points in his career as a full-time trader.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for September 5.