Seeing Through Politicians’ Spin on Brexit Phase One


The “major breakthrough” in Brexit negotiations looks more like a can-kick.

Stocks’ Calm Isn’t Irrational


Efficient markets aren’t turning a blind eye to world events.

The World Isn’t a Safe Place. Own Stocks Anyway.


Conflict and tension are omnipresent, and markets typically aren’t impacted materially.

MarketMinder Minute - Terrorism Doesn't Terrorize Stocks


This MarketMinder Minute evaluates how stocks generally react to terrorism.

Terror Will Never Succeed


Free societies and markets are too resilient for terrorism to materially impact them.

There Is Nothing About Terror to Fear But Fear Itself


As we remember the events of September 11, 2001, we take a look back at how terrorism has historically impacted stocks.

About Ukraine and Russia …


Tragically, Ukraine is the center of attention again. But the situation as it pertains to global stocks hasn’t changed much.

Bizarro Diplomacy, Normal Bull Market


Recent foreign policy flubs shouldn’t hurt stocks—they’re just more fuel for the gridlock markets love.

Thug Island Dreamin’


Historically, geopolitical tensions move stocks less than you might think.

A Look at Egypt and Global Markets


Tensions are flaring in Egypt, but history shows this shouldn’t much impact global stocks.

German CO2 Panels China: Vitamin C


This week in governments … governing.

Do You Hear the People Sing?


Thanks to France’s Constitutional Council, incomes over €1 million won’t be taxed at 75% in 2013, but President François Hollande may try again for 2014.

Inside Korea’s Election


With the election of Park Geun-hye as Korea’s next president Wednesday, the outlook for free trade appears bright.

Gambatte Ne, Abe-san


Japan’s new prime minister pledged to end his nation’s long-running economic funk, but his planned fiscal and monetary stimulus likely won’t combat Japan’s deep structural issues.

Regulatory Wrangling


A look at some of Tuesday’s international squabbling over financial regulation.

Moody’s Muddled French Markets


Economic reality doesn’t seem to have influenced Moody’s downgrade of France as much as political pressures likely did.

The Tie That Binds


At this week’s ASEAN and East Asian summits, free trade talks trump territorial disputes.

Greece Is the Word


The latest on Greece’s aid negotiations.

A Look Around the Eurozone


While the US hunkered down for Hurricane Sandy, Europe was plenty busy.

Japan and China’s Island Tug-of-War


Japan and China’s land dispute may have some short-term economic impact, but it shouldn’t derail global growth.

Alba Gu Bràth!


Scotland got clearance to hold a referendum on independence in two years. What does this mean for Scotland and the UK?

This One Goes to 11


Eleven eurozone nations agreed to pursue a financial transactions tax—a misguided endeavor, in our view.

Welcome Changes


India and Hungary have made notable economic policy shifts in recent days.

Songs We’ve Heard Before ...


Another “critical week for the euro,” a proposal to ring-fence eurozone banks and putting the cart before the horse on jobs and economic growth.

Fisher Investments on Global Elections


The skinny on this week’s elections in Venezuela and Georgia.

Budget and Bailout Burros


It is a mistake to underestimate the political willingness of those in Europe to support the euro.

Bluster, Barroso and Bazookas


Europe was busy Wednesday, with some potentially significant steps toward resolution underway.

Predictable Politicking


The latest on Greek budget negotiations and Germany’s upcoming court ruling on the ESM.

September to Remember?


Neither market history nor current events should give investors an automatic reason to fear September.

Privatizing Postbank and Power


Greece and India have huge economic differences, but both could benefit from private sector expansion.

Homage to Catalonia


Catalonia’s bailout request provides a window to Spain’s fascinating history.

Disputed Territory


A territorial dispute between South Korea and Japan may stall their trade talks, but the global free-trade march continues.

Ich Will Europa


During the latest critical week for the euro, Angela Merkel makes a video and the Greek bailout renegotiations heat up.

Another ‘Critical’ Week for the Euro


A brief update on what’s being heralded as another “critical” week for the euro.

P Is for Politicking, Progress and Portugal


As Greece continues politicking over economic reform, Portugal demonstrates the benefits of getting more competitive.

Democracy Wins in Romania


While EU officials take heat for their treaty-focused slow-go approach during another supposedly “critical week for the euro,” they should earn kudos for taking that same approach during Romania’s democratic crisis.

Super Mario?


From the Olympics to Mt. Olympus and Mario Draghi—all eyes were on Europe on Thursday.

Weighing Tuesday’s Follies


A roundup of Tuesday’s more head-scratching developments.

Nineteenth Time’s the Charm?


What NOT to expect at this week’s not-so-make-or-break EU summit.



All the latest on the Greek and French elections.

Here Come the Men in Black?


The skinny on Spain’s bank rescue agreement.

A Spanish-German Compromise?


As Spain and Germany debate how to support Spanish banks, there are signs a compromise is in the offing.

Fisher Investments View: The Greek Jitterbug


Markets were jittery again Wednesday tied likely to Greek news—even though it wasn’t particularly new news.

Mind Your Own Beeswax


Seems some supra-national bodies were busy handing out (unsolicited) advice Tuesday.

The Greek Gambit


Alexis Tsipras is stirring the debate in Greece … and apparently playing chicken with EU leaders.

Grexit Strategy?


In the wake of last week’s parliamentary election, Greek politics are getting a bit more bizarre.

Europe the Morning After


A look at the French and Greek election results.

The EU’s Great Growth Debate


As Spain officially re-enters recession, EU leaders debate how to stoke growth.

Crossing the Pyrenees


Demand was strong at Spanish and French debt auctions despite jitters over Spain’s borrowing costs and France’s election.

China Check-Up


Spotty data over the course of Q1 have worried some about not only China’s chances for growth this year, but also the world’s. So what do the data have to say?

Around the World in Manufacturing


As global manufacturing continues expanding broadly, regional reports highlight some interesting happenings around the world.

Around the World in Manufacturing


As global manufacturing continues expanding broadly, regional reports highlight some interesting happenings around the world.

Walking the German Tightrope


A look at what may be motivating German Chancellor Angela Merkel.

The Politics of Preferential Purchasing


Despite some protectionist politicking, EU trade is getting freer.

Mid-Week Potpourri


A brief look at some of Wednesday’s global news items, including Spain’s attempt at irony and Hungary’s latest tempest.

As Oil Prices Rise, So Do Theories


Oil prices have risen lately, resurrecting some old theories regarding their impact.

Raising Flags Over the Eurozone


Greece continued to make incremental progress Thursday, and additional signs of the eurozone’s multispeed economy emerged.

Running the Greek Marathon


Greece’s parliament passed a key austerity vote on Sunday, but that’s just one mile marker in a grueling marathon.

Same Greek Dance, Different Italian Song


Eurozone officials continue to show ample willingness to forestall a sudden and disorderly euro breakup.

Tick Tock Goes the Clock


Greek debt talks are down to the wire. But what does that mean?

A World of Politics


2012 isn’t just a US election year—globally it’s an active election year.

A European Spectacle


At EU leaders’ first 2012 summit, officials jousted over Greek funding and the new fiscal compact.

Dancing About Europe


A survey of the eurozone’s latest.

Talking Tokyo


Japan’s been quite busy the last few days—here’s a quick rundown of some primary stories.

Bonds and Banks


Spanish yields, the ECB and Hungarian politics dominated European news on Tuesday.

Darkness and Light


Lessons from the markedly different lives of Kim Jong Il and Vaclav Havel.

Lowering the Euro Curve


Measures enacted by the ECB Thursday are far from a cure-all to fix the eurozone’s copious issues—but they do represent incremental steps to add liquidity at a time when it’s perceived to be much needed.

Pearls of Resilience and Wisdom


Wednesday marked a couple momentous global milestones—each a testament to democracy’s resilience, in starkly different ways.

Fisher Investments: Is the Euro a Relic in the Making?


A look at why a sudden eurozone splintering could be quite bad. And why it’s quite unlikely.

Taxation and Competitiveness 101


Tobin Tax rhetoric heated up between Germany and Britain Wednesday—a debate that’s a bit of a head-scratcher, in our view.

Transatlantic Economics Tuesday


In economic news Tuesday, eurozone GDP grew modestly, US wholesale inflation was tame and US retail sales grew again.

Molto Mario?


A look at what’s in store for Italy’s new Prime Minister, Mario Monti.

Political Turnover Thursday


New governments in Italy and Greece are a step in the right direction to help fix their fiscal houses.

Midweek Mash-up


Euro politics dominated headlines again Tuesday, but eurozone musical chairs wasn’t the only story. Here’s a look at what news caught our eye.

Mediterranean Musical Chairs


The latest on Greece and Italy.

24 Hours in the Eurozone


It’s been a busy 24 hours for the eurozone. Expect the debate to continue in the coming days, but for Greece, the choices are few.

Greek Curve-Ball


Greece continues the tradition of political grandstanding over eurozone bailout plans.

When News Isn’t Really New


A look around the web at some of Tuesday’s not-so-new news.

From the Eurozone Department


Wednesday brought more eurozone news—some new, some not-so new, but none terribly surprising.

No Chinese Hard Landing


China’s Q3 GDP growth at 9.1% seems a normal deceleration and an intentional set-up for reacceleration in 2012.

Don’t Bank on the Big Bang


Germany tempered the world’s expectations for an overnight eurozone fix, keeping with the gradual approach we’ve seen thus far.

Slovakia and Beyond


A look around the eurozone at some recent news—both commonly reported and much less heard.

Planfully Planning a Plan


Nicolas Sarkozy and Angela Merkel have a plan to keep the eurozone intact, but they won’t share it until month’s end. 

Easing On Down the Eurozone Road


Although much remains to be done, the eurozone made incremental improvements to its various debt woes Thursday.

Trifling With Transaction Taxes


European officials announced a proposal Wednesday that would implement an EU-wide financial transaction tax. While ill-advised in our view, if implemented, it’s an incremental negative markets likely overcome.

What Matters in Greek Chatter?


We survey the latest Greek headlines and sift between those stories with substance…and those without.

Differentiating Europe’s Periphery


While peripheral Europe is often referred to collectively, this obscures the fact the issues confronted are different in magnitude, severity, potential resolutions and progress.

Italy and the IMF


S&P downgraded Italy’s credit rating Monday and the IMF lowered its estimate of global growth Tuesday. But are these changes as negative as they seem?

From Whispers to Murmurs


Amid heightened rumors of a Greek debt default, a look at Monday’s flurry of Greece-centric headlines.

Market-Moving Myopia


Markets seemed to cheer Germany’s Wednesday court ruling supporting recent eurozone bailouts—but what does that tell you about stocks’ longer-term outlook?

Politicking and Progress in Europe


While debate over EFSF changes continues, Greece appears to be making some small headway.

Collateral Combat and More


Political posturing between eurozone politicians and new derivations of existing debt fears could continue to contribute to market volatility in the short term.

A European Update


Though the media’s focused on US developments, the bigger news is in Europe. While problems do exist in Europe, fears seemingly exceed reality—much like in the US.

Half Full or Half Empty?


Debt ceiling dramatics came to a conclusion Tuesday, leaving many frustrated in its wake. Here’s a look around the news at what’s poking that frustration—and largely unnoticed remedies.

The Politics of Fear


White-hot, fear-based rhetoric is flying around the debt ceiling as politicians try to sell their positions. And, some links.

Fisher Investments Outlook: The Plot Thinnens?


The plot surrounding eurozone debt issues continues to unfold—but are things becoming more complex or less?

Catching Wild Pitchers


Moody’s downgraded Portugal Tuesday—but that’s not a huge surprise. Overall, Europe’s indicated they have the means and the desire to backstop struggling eurozone countries.

French History Lessons


France announced a plan Monday to help Greece avert a total debt disaster—a pleasant departure from France’s historical record.

PIIGS Political Posturing


Negotiations over Greece’s bailout took three steps forward on Friday —but two steps back on Monday.

Kicking the Greek Debt Can


The IMF gave the Greek drama a breather on Thursday, reducing the immediate need for a bailout and austerity measures for the time being.

OPEC’s Oil Undulations


OPEC left oil production quotas unchanged Wednesday, but the impact on markets is likely minimal and short term in nature.

One Lord to Rule Them All


It seems no one is happy about the pace of anyone else’s financial regulation—the EU thinks the US is too slow and vice versa.

Yogic Wisdom on the Euro


Disbanding the euro isn’t a magic solution to Europe’s debt woes.

Rumors and Bailouts


S&P once again downgraded Greece’s rating—but EU officials are likely to continue to provide financial support as necessary to avoid a collapse of the euro currency.

And Then There Were Three


Portugal announced preliminary details of its bailout package Wednesday. But are bailouts really the heart of the matter?

Eurozone Power Plays


Recent local elections suggest gridlock is taking hold in Europe.

Nuclear No Go?


Global stocks have largely shrugged off short-term declines in the aftermath of Japan’s earthquake and tsunami. However, political debate on the future of nuclear energy rages on.



Lost amid the headlines, eurozone officials made positive strides in overhauling bailout fund terms—but there’s still plenty of work to do.

Oil’s Ominous Overhang?


As oil prices rise, many speculate about the future using comparisons to recent history. But it's important to keep historical comparisons in perspective when making forward-looking decisions.

Unrest at Oil's Door


Unrest in Libya could have a material impact on global energy supplies and prices.

Egyptian Flip-Flop


Unrest in Egypt continues, but don't overestimate its potential to impact global markets.

Vaguely Inconclusive


The EU held an economic summit last week—but concrete results were lacking, with dissent across the board.

Distribution or Inflation?


Sharp food price swings are stoking inflation in some countries, but monetary policy likely isn't the answer.

Egyptian Unrest


Tensions in Egypt escalated over the weekend as riots continued—but global economic fundamentals remain strong.

SOTU: An Acronym Promising Fewer Acronyms


The President dropped a tempting teaser in his State of the Union address Tuesday night when he discussed deregulation. We've got some ideas of where to start.

Iberian-Induced Anxiety

Despite successful auctions by Portugal and Europe's periphery, sovereign debt fears remain. However, the worst-case scenario—a disorderly EMU breakup—remains unlikely in 2011.

Cutting the Cord

China cut rare earth export quotas again, but the reduction does not appear particularly spiteful.

Creativity Counts

Protectionist measures endanger prosperity—and are often based on misleading official data. 

Briefly Bellicose

Geopolitical tensions on the Korean peninsula knocked stocks Tuesday.

Protectionist Hot Air

This year's wave of free trade agreements shows cooperation among nations is increasing, despite recent protectionist headlines. 

Basel-ed on Rumors

Rumors are flying over the details of "Basel III” international banking standards ahead of Sunday's big reveal.

Hungary for News

Global stocks shed mid-week gains on Friday, tied to one story that was positive but not positive enough, and gamesmanship from a new Hungarian politician.

London Fog

British GDP declined for the sixth straight quarter, fueling fears the UK may recover slower than most countries.

No Surprise Here

Markets are discounters of known information, so they can be jolted by surprises.

Redundant Rhetoric

There's little need for pols to further discuss global stimulus—it's already in the works.

The Four Corners

What should investors be vigilant of now? Look abroad.

Oily Promises

Despite OPEC's pledge to cut oil production, some analysts are still predicting depressed oil prices for 2009. But such predictions typically don't hold water in the long run.

All Together Now

The leaders of the Group of 20 are hoping to prevent future financial crises.

The Silliest Season

For the second time in less than a year, Japan's getting a new prime minister.

Georgia on Our Minds

As tensions escalate in Georgia, the question is, beyond the human costs, should folks be concerned?

You Can’t Fathom the Froot Loops

Geopolitical events are scary but completely unpredictable. You can't plan a portfolio around them, and history shows you wouldn't want to anyway.

A Midsummer Night’s Dream

The annual Group of Eight summit will likely amount to little more than illusions.

Trade Liberalization Grudge Match, 2008

A showdown between Nicolas Sarkozy and Europe's trade commissioner threatens to turn world trade talks upside down.

The “Stabilitator” – Rise of the Knee-Jerks

The British government wants the BOE to be the "stabilizer” for the British financial system. Alas, the plan is merely another political knee-jerk reaction.

Orwell’s Words Proved Wise?

Uncertainty abounds as Irish voters head to the polls to decide the fate of the EU's Lisbon Treaty.

Socialist Serenade

From Venezuela to Northern Rock, nationalization is rearing its ugly head, though history teaches us it almost always ends badly.

A Government Sponsored Bank Run?

In a bizarre twist of irony, the British government exacerbated credit problems by blocking a merger between banks earlier this year. The episode underscores both the perils of government intervention and the gross misunderstanding of today's so-called "credit crunch.”

China's Fabulous Moolah

China's historic bull market run-up probably has further to climb, but investors should use extreme caution before making a foray into Chinese equities.

Is the LDP DOA?

Japan's ruling Liberal Democratic Party suffered a stunning defeat in the upper house election on Sunday, giving up control in the chamber to the opposition Democratic Party of Japan. What does it mean for global stocks?

Pricing Armed Conflict

International military conflicts and terrorism can sometimes have a big impact on stocks. But probably not exactly in the way you'd think.

Abe on the Outs?

Political turmoil returns to the world's second largest economy.

Bizzaro Economic Policy

One of Superman's arch-enemies is Bizzaro.

A Yawner in Essen

The recent Group of Seven (G7) meeting in Essen, Germany was ho-hum.

Baht Were They Thinking!?

Since the coup earlier this year (see our past commentary: "Could a Thai Coup Overthrow the Markets?"), Thailand's new military-installed government has made a major economic policy gaffe.

Emerging Market Contagion?

If you read the newspaper in the past several weeks, you would think emerging economies were on the brink of imploding: a coup in Thailand, an assassination of a central banker in Russia, a budget fiasco and rioting in Hungary and a political maverick in Mexico declaring his own government after losing an election fair and square.

It's Not a Law Just Because it Passes

Protectionism is lurking and ready to rear its ugly head again.

Could a Thai Coup Overthrow the Markets?

A story hit the wires around midday that Thailand's Prime Minister Thaksin Shinawatra has declared a state of emergency in response to a military coup.


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