financial news

Highlights The US dollar was stronger vs. the majors as pessimism with regards to Greece intensified yet again after Trichet and ECB offered little in the way of euro support (see below).  Risk off trading picked too late in the day…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed.   Greece Greek Default Already Decided - The Source - WSJ It's Not About Greece Any More « The Baseline Scenario…

Highlights The US dollar remains firm against most of the major currencies today as the participants await the ECB meeting, which given the events in Europe, is the most important meeting arguably since 2008.  There are three…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. Annaly Blogs - Let’s Get This Party Started…No, Wait Greece, Germany, and the Dangers of Beggar Thy Neighbor « naked…

U.S. Car Sales Climbed 20% in April - WSJ.com UK manufacturing grows at fastest pace in 15 years - Telegraph Chinese Manufacturing Growth Slows, Survey Shows - Bloomberg.com Top 50 Business Books, ‘Animal Spirits’ to ‘What the Dog Saw’ -…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. EconomPic: Not Sustainable Apple Sold 1 Million Total iPads, Estimated 300K 3G Models Just This Weekend HotelChatter Annual…

Highlights The US dollar is firmer across the board.  The deal worked out by Greece and EU/IMF/ECB is helping to ease strains in the European debt market, but does not appear to have dealt a significant blow to those who think that…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. I like the first link below. However, it does move rather quickly from a discussion about Greece, which operates in a limited…

Failure Friday News Scotiabank buys Puerto Rican bank - The Globe and Mail Regulators Close Three Banks in Puerto Rico - WSJ.com FDIC: Failed Bank Information - Bank Closing Information for Frontier Bank, Everett, WA FDIC:…

Last week's most popular Albert Edwards: Global economy to roll over in six to nine months' time; bearish for shares Thinking about Creditanstalt today Andy Xie: I'll Tell You When Chinese Bubble Is About to Burst The…