US wages stopped growing at about the time of the first oil shock in the early ’70's.

Can there be any doubt that China is destined to become the world’s economic superpower?  It has the size, the energy, the know-how, and it has the money.

The trouble with inflation today is that it is the worst kind of inflation. It makes prices go up, but not incomes.

This week we turn from the crisis brewing in the US to the one that is coming to a slow boil in Europe.  We visit our old friends Greece and Ireland and ponder how this will end.

Instead of following market direction, traders always want to fade it, because they think they know best.

The US dollar showed important signs of strong reversal against the euro and other major counterparts, taking honors of top G10 performer through the past week of trade.

If ever there were a good example of the equilibrium of risk-reward in the markets, it would be the euro.

The Japanese yen struggled to hold its ground against the greenback as yields tied to U.S. Treasuries pared the decline from earlier this month.

The pound's losses accelerated on Friday as yet another bout of risk aversion engulfed markets.

The Australian dollar ended the week lower by nearly 1.2 percent against the greenback as a commodities rout accompanied by a broad based risk sell-off weighed on higher-yielding, growth backed assets.