2011

The dollar is mostly weaker except against the yen and Swiss as risk appetite has increased today. The talk regarding the nuclear situation in Japan leads to hopes of stabilizing the situation, and G7 leaders agree to intervene to weaken…

By Warren Mosler In the context of this ‘everyone’s out of paradigm’ world, it makes sense for Japan’s MOF (Ministry of Finance) to buy dollars vs yen. But it makes no sense to do this as a coordinated effort with other nations also…

So the dialling for dollars campaign is under way in U.S. municipalities. I'm talking about the use of eminent domain laws to dispossess property owners of property in order to make way for luxury facilities. This is an ongoing process I…

In January, Jeff Clark of Casey Research’s BIG GOLD advisory set out to get opinions from some of the smartest, most accomplished investors in the gold industry – where is the gold price going to go, how volatile will the markets be, what’s…

By Marc Chandler There seems to be a general consensus among observers that contrary to the talk of repatriation that the yen's rise is largely speculative in nature. This is very much in line with our assessment from the get-go.…

From the Federal Reserve Bank of Philadelphia: The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from 35.9 in February to 43.4 this month (see Chart). This is the highest…

Here are some links that seem useful in the context of the Japanese Fukushima Daiichi 1 nuclear power plant situation. I also have a picture about radiation levels in Japanese below. The Haaretz link is related because it shows that some…

BBH CurrencyView North American Update US dollar mostly weaker versus majors USD/JPY reaches record low as uncertainty remains elevated; G7 to discuss Swiss franc stronger on safe haven bids; SNB remains on hold…

By Warren Mosler As previously discussed, the US should outlaw the use of libor by its banking system. It makes no sense to allow US dollar rate setting for our banks to be set overseas by the BBA. Setting our banking system’s dollar…

The Japanese Yen reached a new all-time high against the U.S. dollar fuelling speculation that the Bank of Japan will forced to intercede to ward off speculators. With the prospect of repatriation of profits back to Yen, the currency has…