Europe

Must-read: The paradox of public thrift FT.com - Edward Chancellor - The dreadful potential of frugality The Usual Fare Black Flight is the New Worry for Detroit - WSJ.com Sieben Menschen: Staatsziel sparen - so fühlt sich…

A post by Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. The G20 finance ministers and central bankers are meeting in South Korea to prepare for the summit in Toronto in a few weeks time.  There seem to be…

I'm going to make a change to the week in review post and talk a little bit about the week that was and how the posts from the past week fit into those events. This was a big week of posting and all of the links in this post are from the…

There is a lot more exposure to Italy, Ireland and Spain but we know that Thailand was the ultimate source of the Asian Crisis. These things have a way of metastasising – and we have already seen the strains in Spain and Greece. You could…

I will be out-of-pocket for most of the morning, so posting may be light.  I may have a brief word about the jobs number or you can catch some of it on my twitter feed. In the meantime, here are the links Must-reads: European Credit…

A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…

We have seen a host of manufacturing sector data over the past few days. Most of it has been pretty good and the data demonstrate that the global recovery has continued. Nevertheless, reviewing the data from the US, Europe, China and…

Highlights The US dollar is modestly lower against the major and emerging market currencies.  The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…

Highlights The US dollar is little changed against most of the European currencies and within the dollar-bloc as a consolidative phase is emerging.  The yen is center stage today following the resignation of Japan’s prime…

The PDF of Hugh Hendry's letter to investors is embedded below. Enjoy. Eclectica Monthly Letter 2010 05