Despite edging up a little over the summer, the yield of US 7-10 year B-rated corporate bonds remains close to its lowest level in at least a quarter of a century. We think that this is a bubble and...

The US dollar is close to the strongest it has been against the other major currencies in over a year. But we doubt its rally is over given the relative prospects for monetary policy in the US and...

Although the S&P 500 has broken above 2,000 this week for the first time, we doubt that the stock market will go from strength to strength. For now, we are sticking with our forecast that the index...

The weakness of the euro-zone economy and the persistent threat of deflation should keep German government bond (Bund) yields relatively low. However, any scaling back of fiscal austerity and the...