May 2010

Three month dollar LIBOR has edged up again today.  It has risen every day since May 10th, though the pace has slowed.  This reflects the demand for dollar funding.  While the focus in on European banks, the scramble to…

Highlights The US dollar is broadly weaker today as is the Japanese yen as the latest bout of market anxiety eases.  News that China indicated that it is not planning on selling its European bond holdings helped the euro recover…

Hilarious.

Marshall Auerback presents us with a perspective on how deficit hawks want to cut social programs but leave defense spending untouched while completely overlooking the fiscal cost of bailouts (originally published at New Deal 2.0). Harold…

Bill Gross is a bond guy. And in the bond world, the return of capital counts for a heck of a lot more than the return on capital. So, naturally, with debts being socialized from the private to the public sector, Gross has been asking…

Nothing is so bad, that it isn't good for something. So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard-burdened Eurozone policy makers and investors are finding it hard to find any kind…

Here are two stories that I have picked up on in the last hour that demonstrate how contagion spreads during a panic. Both stories involved the strongest of actors within the Eurozone. The first story is from Spain. The Wall Street Journal…

Hat tip Marshall Auerback.

Japan's DPJ government has been forced to back down on its campaign pledge regarding the moving of the US Marine Corp base in Okinawa.  Prime Minister Hatayama's retreat may come at a high political cost.  It appears to have…

Subscribe to Our News Feed If you would like to receive our links in real-time, please follow me (Edward Harrison) at @edwardnh. I'm in a techie mood, so today's edition features a few stories from the technology world. Enjoy. Must Read…