2010

From Win Thin More and more EM policy-makers are complaining about currency strength, and we think it’s only a matter of time before other countries resort to capital controls to help ease appreciation pressures.  Chile President…

This is from Gallup: Overall, 46% of Americans believe the federal government "poses an immediate threat to the rights and freedoms of ordinary citizens," little changed from the prior reading in 2006. However, during that…

Anticipation of QEII in the US remains among the most potent forces in the capital markets.   Bernanke's pre-weekend speech and two dovish speeches since--Evans and Rosengren (both voting members of the FOMC).  The case the…

The Fed’s intent is not to create consumer inflation, but rather asset inflation — primarily in the equity market.  By pulling longer-term bond yields lower, the Fed hopes that this will alter how investors value equities relative…

The US industrial production fell 0.2% in Sept.  The market consensus was for a gain of the same magnitude.  This is the first decline since June 2009.  Manufacturing output fell 0.2%, utility output fell 1.9%, and mining…

Highlights The US dollar is broadly higher as the correction seen before the weekend was extended through the Asian session.  In Europe, the greenback’s gains have been pared, but it remains above last Friday’s high against the…

How propaganda is disseminated: WikiLeaks Edition - Glenn Greenwald - Salon.com BBC News - Merkel says German multicultural society has failed Public Bravado, Private Doubts at Countrywide - NYTimes.com Guest Post: So Why Did the…

Note from 19 Oct 2010: It has come to our attention that the substance of this post was originally penned by Gonzalo Lira, who posted it both at his site and at Zero Hedge this time last week. Initially we thought that there was some sort…

Krugman: We Need $8-10 Trillion Worth of Quantitative Easing: Paul Krugman says the Fed would have to print multiple trillions of dollars to close the output gap. That's not going to happen. The implication is that money printing is all…

by Edward Hugh For reasons which aren’t worth going into now, I’m reading through a recent report by Deutsche Bank Global Markets Research entitled “From The Golden To The Grey Age” this afternoon. The report (all 100 pages of it, many…