The weak flash PMI is just the latest in a bad series of data.
Its move toward a free float of the ruble is a victory for Russia's people.
Central banks can't afford to make one mistake.

Dissecting Two Fed Speeches Real Money Pro($)

Both give us some good insight into where the Fed is headed next.

Pairing Stocks With Bonds Real Money Pro($)

These two trades could be the best bet for a day like today.
Stocks should benefit from a pickup in federal spending, and we are likely to get it.
A board member has admitted that the economy has structural issues.
When volatility passes, the stage will be set for the euro carry trade.
Wages and benefits are up sharply, but we're a long way from inflation.
It can get away with a shrinking balance sheet if interest rates stay the same.

Columnist Conversations

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