Emerging Markets

Moody’s upgraded Chile to Aa3 (equivalent to AA-), citing its “financial resilience” after the Feb earthquake.  Moody’s also praised years of solid macro policies, the fiscal surplus rule, and low debt as other factors behind the…

By Marc Chandler of Brown Brothers Harriman. Highlights US dollar was mostly firmer vs. majors, with EUR/USD making new multi-year lows after breaking 1.20.  More jitters about Hungary didn’t help the euro.  Yen was stronger…

By Doug Hornig, Casey Research Recent decades have witnessed an amazing shrinkage of the American manufacturing sector, from #1 in the world to virtual non-existence. Companies, taking advantage of cheaper labor costs abroad, have…

Highlights A calmer market environment has returned and the US dollar is mixed. Talks of renewed problem in Dubai may help dollar bulls in the US session though. Attention has (for now anyway) moved away from the euro debt crisis onto the…

In last month’s Absolute Return Letter I raised a yellow flag concerning the short term outlook for commodities. Quite a few readers asked me to elaborate on that, which is precisely what I am going to do. In the following, my assessment…

Highlights The US dollar remains largely on the defensive despite the recovery in North America yesterday.  The euro slipped to almost $1.3380 in Asia, but has recovered smartly in Europe, but It is sterling that is the stand out…

This is a post by Edward Hugh, who also blogs at Global Economy Matters. Global manufacturing activity continued to expand in February, albeit at a slightly weaker pace than in January. At 55.2, down slightly from 56.1 in January, the…

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. On our site please find our Weekly EMView, a one page table of driving forces and…

The following link goes to an hour-long video from the Russia Forum 2010 featuring famed investors and market watchers Hugh Hendry and Nassim Nicholas Taleb. Marc Faber was the moderator. The session is “Investments: Where is the Money in…

Given the fact that I have just finished writing two articles on Wien’s predictions for 2010, I thought it relevant to look back at the last three years of Wien’s surprises to just before the housing crisis.  I posted the 2009 predictions…