The euro and S&P e-mini are acting in unison again, which warns us to watch the euro-US dollar like a hawk for directional clues about the e-mini S&P 500.

A depression reduces asset prices, consumer prices, and interest rates. This makes it possible for investors and business people to redirect their efforts on projects that will work.

Yesterday's Financial Times told us that the industrialized nations will borrow $10 trillion this year. Next year, the figure should be higher. Where does all that money come from?

People tend to view the future through the lens of the past.

We have come to the end of yet another European Summit that was supposed to be the one to fix the problem. If you are confused as to what happened then you are not alone.

Do you know what most traders hate the most?

Government is the natural phenomenon wherein the "insiders" take wealth, power and status from the "outsiders."

In America, the news has been good and bad. The good news was that unemployment was not as bad as it had been. But the bad news was that the good news was largely fraudulent.

The automatic cuts probably aren't going to happen -- at least, not the way they were supposed to happen. The pols are negotiating now. Their challenge is how to scam the voters and investors by pretending to cut spending, without really cutting much of anything.

Governments will pretend to tighten up. The ECB will lower interest rates and print up some new ersatz money. What could go wrong?