financial news

YouTube - German Workers Demand Higher Wages as Economy Recovers Ingrid Betancourt: I still have nightmares | World news | The Guardian Gross' Pimco makes $8.1bn bet against US deflation Mike Whitney: The Swelling Backlog…

Marginal Revolution: On Austro-European business cycle theory In Pursuit of Empirical Macroeconomics, Arnold Kling | EconLog | Library of Economics and Liberty Automatic stabilisers and the global crisis | vox Avinash Persaud:…

Highlights The US dollar is mostly softer, but consistent with this week’s developments, the Japanese yen and Swiss franc are laggards. Additional intervention was not seen and the dollar has held above the JPY85.50. Japanese exporters…

Currency performance this week:  The biggest EM gainers vs. the dollar this past week were HUF, RON, CZK,PLN, MXN, TRY, and ZAR, while the only EM losers vs. the dollar this past week were RUB, PHP, CLP, COP, IDR, and ARS. …

Gallup: Bush Still Takes Brunt of Blame for Economy vs. Obama Falkenblog: Is Capital a Cushion for Bad Times? Small Business Can't Get Loans From Bailed-Out Banks in U.S. - Bloomberg Barry Eichengreen: Competitive devalution to…

Highlights The yen led gains overnight, rebounding from yesterday’s intervention. Still, USD/JPY remained above JPY85, with the pair hitting a low of JPY85.23, before trading around the 50 mark. EUR/JPY dipped back below JPY111. PM Kan…

Topic of the Day: Banking Regulation Banking reforms will give Mervyn King too much power, warns Myners | Business | The Guardian YouTube - Obama May Name Warren as Interim Consumer Agency Head: Video FT.com / Columnists / John…

Topic of the Day: Is the economy headed up or down? Buffett Rules Out Double-Dip Recession Amid Growth - Bloomberg Hatzius pegs a double dip at only 25 percent | Credit Writedowns Small business optimism sees slight uptick |…

Highlights The US dollar is mostly higher as a result of disappointing German, UK and New Zealand economic data. However, Prime Minister Kan succeeded in holding off the challenge at the DPJ leadership contest, easing the threat on the…

Topic of the Day: Positive Economic Data A few positive developments to highlight today. The data from China were generally good. Marc Chandler has the summary.  Chinese Data Provides Boost to Risk Rally | Credit Writedowns Data…