Archive for May 9th, 2008

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

May 9, 2008

It’s much easier to spot an asset bubble than to predict when it will deflate. Commodity markets in general and oil prices in particular display the typical characteristics of a bubble. Asset bubbles always have a fundamental basis in their early stages before a bubble in fact exists. The bubble develops when market exuberance transforms […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 9, 2008

Equities are sharply lower. Sovereign bond prices are higher (yields down). Commodity prices are up. Wire news services overnight were filled with poor inflation reports. The dollar is mixed but mostly lower, with losses of 0.9% against the Swiss, 0.7% against both the yen and C-dollar, and 0.4% against the euro. Greenback is up 0.4% […] More

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