May 2010

As we are about move into the fourth day of the week where EU policy makers together with the IMF and the ECB launched an unprecedented series of aid tools to combat the mounting risk of a collapse in Greece and elsewhere in the European…

Econ 101 Imagine you and I are the only two people in an economy. For the sake of argument, say we use sea shells as a currency and we trade with no one else but each other. So when we do trade, we exchange goods and services with each…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must reads:  Gas surge shut well a couple of weeks before Gulf oil spill | NOLA.com Divorce, a way round China's…

Highlights A calmer market environment has returned and the US dollar is mixed. Talks of renewed problem in Dubai may help dollar bulls in the US session though. Attention has (for now anyway) moved away from the euro debt crisis onto the…

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three. Last Week's Numbers: 06 May 2010 Meanwhile, other…

The news out of Spain that the government is taking drastic action to avoid debt revulsion is a clear indication that the Eurozone is entering a new phase of economic weakness. All across Europe from the UK to Greece to Spain to Germany,…

There's no question that the potential destruction of the euro has moved from the realm of "Black Swan" event to a serious possibility.  Some of chosen to read broader implications into this, suggesting that this is the…

RBS' Chief Market Strategist Bob Janjuah is one of the more bearish prognosticators in global finance.  He takes a fairly anti-fiat currency position and couches what he sees with the present financial crisis as the era of the destruction…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Economic News "Jobs" Drops to No. 2 on Americans' List of Top Problems - Gallup E.C.B. Advocates Caution in…

Highlights The post EU/IMF bailout out euphoria continues to wind down and this means that the US dollar and the yen are in solid shape. The euro has eased back to pre-weekend levels, trading closer to the $1.2650 mark by late euro session…