financial news

Highlights The US dollar is firmer against most currencies. The euro failed to extend Friday’s break up out of the $1.3436-$1.3788 range in which it has been trading since Mar 17th while against the Swiss franc, the euro is trading at its…

This past week’s posts marked a turn for me on a few levels. It is apparent that most market reform efforts are mere tweaks of the existing system. I am being to conclude that no meaningful financial reform can occur absent an absolute…

Tea Party Avoids Divisive Social Issues – NYTimes.com What's Happening to China's Migrant Workers? A New Generation Coming and Going – The China Sourcing Blog States may hold onto tax refunds for months – USATODAY.com Fed Helped Bank…

Obama to tap Yellen for Fed vice chair:source| Reuters BBC News – Rove 'proud' of US waterboarding terror suspects Walmart vende la Barbie negra a mitad de precio que la blanca ¿discriminación? – elConfidencial.com Examiner sees…

Highlights The US dollar is lower against most currencies with the European currencies leading.  Talk of an EU rescue package for Greece on the order of 55 bln euros has contributed to the moves helping to trigger stops.  The…

FT.com – Spain has the means to avoid Greece's fate FT.com – Mohamed El-Erian – How to handle the sovereign debt explosion BofA under regulatory pressure to shrink: report| Reuters Second Lien Writedowns, II « Rortybomb Discouraged…

Highlights The US dollar is mixed against the major and emerging market currencies.  The euro is consolidating in yesterday’s range as bonds stabilize and despite a smaller than expected German trade surplus.  Comments from EU…

FT Alphaville – Tracy Alloway – Some useful things I’ve learned about Germany’s hyperinflation’ Another Real-Time Economic Indicator Is Rolling Over And Showing Contraction FT.com – Martin Wolf – Germany's eurozone crisis nightmare…

Highlights The US dollar and yen are trading with a firmer tone against the major and emerging market currencies.  But the markets still appear to be consolidating and we expect the “rule of alternation” to remain in play meaning…

AIB has the 'worst loan book' ever seen in Europe - Irish, Business - Independent.ie China Blames U.S. for Strained Relations - NYTimes.com FT.com – Gideon Rachman – Japan edges from America towards China Why do journalists expect to…