Browsing Tag

quantitative easing

The Danish krone problem

In the wake of the turmoil surrounding the Swiss Franc, the Danish krone has become the subject of speculative attack. Unlike the Swiss, the Danes have a peg to the euro that is permanent and long-lasting. They also have a backstop via a…

The U.S. economy is doing well

The GDP and jobless claims numbers for the U.S. came out today and they confirm the continued solid pace of recovery that has taken shape since Q2 began. GDP growth came in at a 3.5% annualized and initial jobless claims were 287,000,…

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