Larry's Blog
U.S. GDP Growth Under Different Presidencies
September 26, 2008
In this fifth and final examination of a key economic indicator during the last nine presidencies, I turn to the most important one of the bunch, real GDP growth. Price stability, a healthy labor market, a well-regarded and firm currency, and a robust stock market are each favorable pre-conditions for sustainable and brisk expansion in […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: September 26th
September 26, 2008
The wires, newspaper, and video press have been loaded with dire predictions for the dollar, even as uncertainty remains high regarding the details of a massive and comprehensive U.S. government rescue plan for bad financial assets. Confidence remains weak that Secretary Paulson’s plan will be effective and strong that disaster will ensue if no action […] More
Currency Markets in the News
First-Half Growth in the G7
September 26, 2008
As a result of a downward revision in U.S. GDP growth last quarter to 2.8% at a seasonally adjusted annualized rate (saar) from a previous estimate of 3.3%, economic growth in the first half of 2008 (that is between 4Q07 and 2Q08) amounted to 1.8% saar. Such a pace represents little change from growth of […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Largest U.S. S&L Failure Ever
September 26, 2008
Washington Mutual was closed by the government. JP Morgan bought its deposits and branches. Action followed stalled talks over Paulson’s Troubled Asset Relief Program. House Republicans balked and offered a different mortgage insurance plan. Democrats accused McCain of promoting this action. Stocks mostly fell in Asia and U.S. equities are indicated to open much lower. […] More
