Euro Reprieve To Be Brief
Highlights The US dollar is modestly lower against the major and emerging market currencies. The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…
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Monthly Archives
June 2010
Charlie Gasparino Takes Negative View on Warren Buffett’s Ratings Agency Testimony
Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here's the money quote:
He believes that a sleazy business and it makes a lot of money so he's gonna own…
Random Shots on Global Monetary Policy, Martin Wolf and Small Business Lending
This post on macro ideas affecting the global economy originally appeared at Alpha.Sources. With Edward Hugh busy mingling with the economic elite and literally saving Spain one step at the time I thought that it would be time for some…
Yen Pushes Euro Out Of The Spotlight; Brazil and Singapore Also In View
Highlights The US dollar was mostly softer vs. the majors, but EUR/USD was sidelined for a day as the yen was the big mover on political uncertainty (see below). We believe the euro bear trend remains intact, but that the pace of…
Give unto Caesar – What to Pay When You’re Selling
By: Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Proper planning with your finances is incomplete until you consider the endgame consequences of your investment decisions today. So, what are the tax consequences of selling…
Roubini: A Crash Course in the Future of Finance
The following is an hour-long speech Nouriel Roubini recently gave based on his new book Crisis Economics–A Crash Course in the Future of Finance (Penguin Press, 2010). This is probably the most complete framing of the credit crisis by…
More on Steve Jobs’ comments at the D8 All Things Digital Conference
In the links this morning I highlighted the D8 All Things Digital technology conference hosted by Kara Swisher and Walt Mossberg. Apple CEO Steve Jobs was there sounding off on all manner of topics from Google to Adobe to the iPad. The Wall…
Unemployed Down in Spain but Black Market a Problem for Austerity
The number of unemployed in Spain dropped in May by 76,223, the second consecutive monthly drop. While this is a positive data point, the drop is largely due to seasonal actors and more than 4 million people remain unemployed. Yet, to…
James Galbraith: Why the ‘Experts’ Failed to See How Financial Fraud Collapsed the…
The following is the text of a James K. Galbraith’s written statement to members of the Senate Judiciary Committee delivered this May. Original text is here. Chairman Specter, Ranking Member Graham, Members of the Subcommittee, as a…
More About Japan and the Yen
The yen is drifting lower in the North American morning. If at first in response to the resignation of Prime Minister Hatoyama the yen was sold on political uncertainty, it may be being sold because of uncertainty appears to be…