2010

Currency performance this week:  The biggest EM gainers vs. the dollar this past week were HUF, RON, CZK,PLN, MXN, TRY, and ZAR, while the only EM losers vs. the dollar this past week were RUB, PHP, CLP, COP, IDR, and ARS. …

by John Lounsbury David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, Toronto, has a graph that goes a long way toward explaining why this recovery does not feel like a recovery: Click on images for larger graphs. Is…

Gallup: Bush Still Takes Brunt of Blame for Economy vs. Obama Falkenblog: Is Capital a Cushion for Bad Times? Small Business Can't Get Loans From Bailed-Out Banks in U.S. - Bloomberg Barry Eichengreen: Competitive devalution to…

Highlights The yen led gains overnight, rebounding from yesterday’s intervention. Still, USD/JPY remained above JPY85, with the pair hitting a low of JPY85.23, before trading around the 50 mark. EUR/JPY dipped back below JPY111. PM Kan…

George Soros has finally come out and said what he meant by his comments about gold being the "ultimate bubble." The National Post reports the following exchange from a Reuters interview. “Gold is the only actual bull market…

This chart comes via David Rosenberg at Gluskin Sheff. Rosenberg tops it off with this commentary: While we are “underweight” equities as an asset class, we aren’t exactly zero-weight. There are always things to buy and S.I.R.P. does…

by Annaly Capital Management Lest anyone think we missed it, on August 31st the FDIC put out its Quarterly Banking Profile for the second quarter of 2010. The headline was glowing: “Quarterly Earnings Are Highest in Almost Three Years.”…

Topic of the Day: Banking Regulation Banking reforms will give Mervyn King too much power, warns Myners | Business | The Guardian YouTube - Obama May Name Warren as Interim Consumer Agency Head: Video FT.com / Columnists / John…

The Duke University/CFO Magazine Global Business Outlook Survey which concluded last week showed a high level of concern amongst top financial officers in major organizations worldwide. Of note are the CFOs ideas regarding employment and…

A friend who is a well-connected Washington insider sent me the text of a piece by Ben Smith on how successful TARP was late last night, asking: This is the first mention I’ve seen in the more mainstream media. Anybody raise this in…