The US economy has officially entered a recession and the labor market numbers that are due on Friday will confirm that. Not only do we expect the US economy to report its eleventh consecutive month of job losses, but the job losses will probably be the largest in 26 years.

With the global easing cycle in full swing, rate cuts are expected all around.

There has been three recessions in the past 30 years. In each of those recessions, the dollar weakened in the first six months of the recession, then gained strength in the next six.

With the global economic downturn in full swing, one of the burning questions on everyone’s minds is who will be the first central bank to take interest rates to zero and how close will everyone else get?

US GDP growth has contracted but that has not stopped the equity and currency market from rallying.

The incoming Obama Administration is beginning to grease the wheels and the market is liking it.

Every single day we have more reason to believe that the US unemployment rate will break 8 percent next year.

Does 1907 tells us how far stocks will far in 2008?

Although the core PPI numbers accelerated, core CPI dropped and it's expect to head even lower.  Less price pressure will give the Federal Reserve more room to cut interest rates.

Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite.  Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.