currencies

When is a Fraud Not a Fraud? (Greece-Goldman Edition) – naked capitalism The Greek derivatives aren't Goldman's fault | Analysis Borg tror inte Greklands plan räcker – DN.se Lenihan offers advice to Greeks on cutting deficit –…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. The South African rand is benefitting from two forces.  The first is the…

The following is a post which first appeared at the Big Picture from Paul Brodsky & Lee Quaintance who run QB Partners, a private macro-oriented investment fund based in New York. --- We Are All Austrians Now Things are different…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Relatively constructive US economic data in the form of a better than expected…

The great Lebanese poet Kahlil Gibran once wrote that sometimes the mountain is clearer from the plane than the summit.  This insight may be applied to the foreign exchange market.   Currencies in the modern era, not backed…

This post was originally published at A Fistful of Euros. A new kind of battle is going on out there at the moment. In what must surely be a new twist to the old dialectic of blow against blow argument, a combination of the internet age…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. We have argued that the EU faces a horrible dilemma.  One horn is the moral…

There are a lot of interlocking threads in the Greek saga. One consistent theme that ties all of the different threads together is the fragility of complex systems. In our globalized and complex world of finance and banking, every major…

The eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of…

Last week, I wrote a post “Is the recession dating committee preparing for a double dip?” the gist of which was to question whether the NBER recession data committee thought a double dip was likely.  But an e-mail exchange I had this…