2010

Europe is engulfed in a financial crisis that is also becoming a political crisis.  Sweden stands out as an exception and we affirm our expectation of the krona's out performance in period ahead. Sweden's economy contracted 5.3% last…

This is an analysis of the remaining options in the euro zone post-Ireland bailout. This period in Europe reminds me very much of the period after the Indy Mac failure in the U.S. after which markets were in a permanent state of stress.…

The euro continues to come under pressure and is making new lows in early North American turn over despite talk of interest from an Asian central bank. The euro has slipped below its 200-day moving average (~$1.3130) for the first time…

The US dollar continues its rally with the largest movements against the euro as the market is clearly disappointed with the rescue package of Ireland. Despite a three year high increase in euro-zone confidence, the euro continues to…

Along with the EU and IMF we can be in no doubt: the reform programme evidently is on track. The only issue which seems to divide everyone – and especially those office-bound Fund employees from their more financially savvy…

The latest stories on the WikiLeaks U.S. diplomatic cable leaks and other links from around the web. Expect to hear much more about this story.

The US economy grew at 1.9% for the last decade, the slowest since the 1930s. Given that government spending is going to go down, unemployment is going to take some time to get under control; and with the whole developed world in a mess, it…

Here is the daily links post with more of a Black Friday retail theme to it. So far, I have only heard god things about sales.

The daily links post with an emphasis on Europe. Other links include posts on Mexico, QE, retail, and commodities.

It seems like it’s only a matter of time before Portugal succumbs to the contagion. As seen in EM crises of the past, we simply cannot ignore the fact that contagion remains a very strong force and so we see little chance that Portugal…