financial news

Highlights The US dollar is still consolidating/correcting its recent decline against most of the major currencies today.  The notable exception is the British pound, where a considerably stronger than expected initial estimate of…

The Automatic Earth: October 23 2010: Jim Puplava interviews Stoneleigh, Part 2 End Of An Era: Sony Stops Manufacturing Cassette Walkmans FT.com / Comment / Opinion - Why capital controls are not all bad SEC questioned Warren…

Highlights The US dollar is broadly weaker in the wake of the G20 statement that appeared to encourage flowing in emerging markets and risk assets in general.  Leading the move is the Australian dollar and Swedish krona.  The…

Pound forecast to tumble on 'insane' spending cuts - Telegraph Five Best Mobile Alarm Apps - Lifehacker What is Wrong with the New Elite?, Arnold Kling | EconLog | Library of Economics and Liberty Wie eine Finanzkrise sich in…

We had a lot of good posts at Credit Writedowns this past week. Below is a list of the most-read. Enjoy. Chile: "We are very much concerned about what's happening with our currency": Comments by Chile's central bank…

Rosenberg: Vincent Fernando Is Wrong, The ECRI Did Predict That The Economy Would Suck Why the Fed is popular in Ecuador | beyondbrics | FT.com America’s Top 25 Foreclosure Banks - Deal Journal - WSJ Banker höjer bolåneräntor…

Finally We Find Out How Ray Dalio's Bridgewater Is Making Billions More Than Every Other Hedge Fund This Year Frankly you are frightening people | afoe | A Fistful of Euros | European Opinion YouTube - Murdoch's BSkyB Bid May…

by Win Thin News service is quoting China government economist saying that the central bank is seen as behind the curve and may need to hike twice more this year.  He added that an alternative would be hikes in commercial bank reserve…

Highlights The US dollar continues to trade choppily against the major foreign currencies as corrective pressures encounter the underlying bearish sentiment.   The unexpected rise in the German IFO (107.6 vs consensus 106.5 and…

Highlights The US dollar is mixed today and the real feature is the euro’s strength.  Asian central bank reserve diversification and model-driven leveraged accounts appeared to help drive the euro higher.  News that US Treasury…