2010

Highlights The US dollar is trading narrowly mixed against most of the major currencies ahead of the FOMC meeting. The euro’s recovery, after disappointing price action late Friday and yesterday, has brought it back to within striking…

With a pressing unemployment problem depressing growth in the US, former president Clinton plans to demonstrate his five-year old public service community can create jobs in America while still implementing projects that achieve results…

Unlike Mr. Market who seem to be in full risk-on mode at the moment I am a bit handicapped on account of an awfully slow internet connection which is why posting is unusually slim at the moment. Another part of the market which seems to be…

The NBER Business Cycle Dating Committee has determined that the recession which began in December 2007 ended in June 2009. In the report announcing this decision, the NBER wrote that economic activity is typically lower post-recession than…

Topic of the Day: Bonds After a huge rally in Treasurys earlier this year, the risk/reward has become unappealing despite the safe haven status. Corporate bonds are benefitting from the risk on trade. Both areas have risks.

Asian equities have been a market darling this year, but the pace of inflows have increased in recent weeks. At around $534 mln, foreign inflows into Indonesia this month after nearly a quarter of the entire year's.   The $222…

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

My own posting will be light for the next few days as I will be in New York at the Clinton Global Initiative annual conference in New York.  Expect some posts on the goings on there. P.S. – The Credit Writedowns site should be faster…

As is often the case, the genesis of this post is a conversation initiated by Edward (Harrison) on the question of why we aren’t using monetary policy to stimulate aggregate demand. That question was posed here by Tyler Cowen at Marginal…

by Gary Shilling Investor attitudes have reversed abruptly in recent months. As late as last March, most translated the year-long robust rise in stocks, foreign currencies, commodities and the weakness in Treasury bonds that had commenced…