2010

The Foreclosure Mess-a Follow-up | The Big Picture FT.com - Joseph Stiglitz - It is folly to place all our trust in the Fed Felix Zulauf Podcast, 16 Oct 2010 - King World News The disastrous US debt drive | Steve Keen | Commentary |…

by Win Thin People’s Bank of China surprised markets with a 25 bp hike in early North American hours, taking the 1-year lending rate to 5.56% and the 1-year deposit rate to 2.5%.  This was the first official rate hike since December…

Highlights The US dollar has been put back in the driver seat as the Central Bank of China raised its one-year lending and deposit rate by 25 bps.  In effect, the move by the Chinese has drawn capital out of risk and reaffirmed the…

Highlights The dollar continued to edge higher through the Asian session, even making ground against the yen. EUR/USD slipped back towards $1.39, erasing the gains from the North American session, ahead of Germany’s ZEW report out later…

by L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute. Fed Chairman…

Apple had a blowout quarter on sales of iPhones and iPads when they reported after the bell. Steve Jobs went absolutely ballistic on Google during the conference call. His message: "We think Android is very, very fragmented and…

by Win Thin No big surprise from Brazil’s decision to boost the IOF tax again on fixed income foreign investment to 6% from 4% previously.  Still, this is a pretty strong statement since it comes just two weeks after it was hiked to…

John Hussman has a piece out today that dissects the current economic environment in two parts. In part one, Hussman puts a spotlight on quantitative easing (QE) and why it is unlikely to have the intentioned effect on the U.S. economy. And…

by Win Thin Brazil central bank starts its two day meeting Tuesday, and market is looking for rates to be kept steady at 10.75%.  Though rates are expected to remain steady through 2010, market is looking for tightening to resume next…

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