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Marc Chandler 872 posts 0 comments
Marc Chandler joined Brown Brothers Harriman in October 2005 as the global head of currency strategy. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. In addition to frequently providing insight into the developments of the day to newspapers and news wires, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs. Marc appears often on business television and is a regular guest on CNBC and writes a blog called Marc to Market. Follow him on twitter.
China has an interest in preventing the total collapse of the largest buyer of its exports, but it also has an interest in forcing Europe to divest its overseas assets. Chinese banks and companies are in a position to be a buyer of some of…
Slightly Better News Stream, US Dollar Softer
The US dollar is beginning the week on a softer note, but well within recent ranges. Most of this week's key events lie ahead. The day earlier than planned and somewhat larger Italian austerity plan coupled with talk of ECB purchases has…
March to Folly: Underestimating Germany and the ECB
The probability of a German-led fiscal union in Europe is greater than the consensus suspects given its arguments that only an ECB backstop and a European bond will prevent the end of the greater experiment. In addition, the argument is…
Fasten Your Seatbelts: A Week that Can Rock your World
Starting today and running through next week, there is a key event nearly every day.
Wating for Another Shoe to Drop
The major currencies are consolidating in yesterday's broad trading ranges, but the "real" action is in the European bond markets, with acceptable auctions in Spain and France, helping support of a bond market rally that was already…
Official Action and Why Italy is Still at the Vortex
The EU Summit is the last opportunity of the year, and some observers say the last opportunity period,
for action that will begin seriously addressing the crisis. Tomorrow France's Sarkozy is expected to present his proposals tomorrow and…
Choppy Market: Push Me Pull You
There have been several developments and they have imparted conflicting impulses into the market. The S&P downgrade of a number of large banks based on a new methodology that has been unfolding over the past couple of years comes at a…
More Thoughts on Euro Zone End Game Scenarios
The euro zone finance ministers meet today and tomorrow. Approval of the next tranche of aid to Greece and an agreement on EFSF leveraging is sought. Yet the real deal is still a week away and that is EU summit.
A year ago, we…
French and bank downgrades likely while Sweden blows away growth estimates
A French press report warned that S&P could put France on negative credit watch within a couple of weeks. Moody's warned that all 27 EU countries are at risk from the euro zone debt crisis. Moody's also placed subordinated debt,…
Risk Assets Jump, Smell Something, See Nothing
Equities, most foreign currencies and commodities have rallied. It is not as if there has been a great deal of clarity over the weekend. There have been a number of press reports that have been suggestive, but some, like the report that the…