Roger Arnold is the chief economist for ALM Advisors, a Pasadena, Calif.-based money management firm specializing in income-generating portfolios. Concurrent with his other business responsibilities, Arnold was a radio talk show host for 15 years. He focuses on behavioral economics and chaos theory, better known as the "butterfly effect." He explains the relationships between political, economic and social systems, and how they are all reflected in the financial markets -- stocks, bonds, commodities, currencies and real estate.

Treasury yields and mortgage rates have the potential to push each other higher.
Bernanke is a lame duck, and the market is acting on its uncertainty.
The bull case for Tesla.
The 'Texas Ratio' shows that nonperforming assets remain a problem.
Banks are not lending, and the debate over quantitative easing will likely get louder.
| May 20, 2013
| 12:08 PM EDT
Gold just spiked up by about $30. Massive move.
There is a vast disconnect between the meteoric stock rise and this bank’s actual performance.
| May 16, 2013
| 9:20 AM EDT
... average hourly pay up but average number of hours worked and down - this real weekly earnings decelerating.. the rep...
| May 16, 2013
| 9:00 AM EDT
... for the week, both seasonally adjusted and not... http://www.dol.gov/opa/media/press/eta/ui/current.htm http://www.r...
| May 16, 2013
| 8:56 AM EDT
... following PPI in same direction yesterday... Long end treasury yields should be declining.. the 10 year yield stuck ...

Columnist Conversation / Market Updates

| Jun 18, 2013
| 10:33 PM EDT
Good piece by Niall Ferguson on how protests going on in Brazil & Turkey could hit next in France over the summer. ...
| Jun 18, 2013
| 6:31 PM EDT
Now up to 962--It flagged things on the way down. could be doing it again.

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