Stocks are obvious. America’s businesses aren't worth 20 times earnings. They're not worth that much because we’re in a Great Correction.

Next week's economic docket is highlighted by the July new homes sales, durable goods orders, and GDP reports.

With little of note on the UK economic calendar, the British pound is set to take its cues from trends in underlying sentiment across financial markets in the week ahead.

Traders seemed intent on finding the next weak link in the Euro Zone chain.

The Japanese yen had a mediocre week, trading in the middle of the major currencies.

So, what's the difference between an angry zombie and a person who is angry because he's tired of supporting zombies?

Permanent zero. That's a name for the Fed's new policy of guaranteeing ultra-low interest rates for the next two years.

Investors are still bullish. The press is bullish. Warren Buffett is bullish. What are the odds that all this bullishness will pay off?

What’s wrong with the world’s financial system? How come so many economies – the US in particular – are in such a funk? And what or who is to blame?