Deeper Analysis
Oil Prices Rocketed in the 00s
December 30, 2009
The past decade saw a quantum leap in oil price pressures. When oil and other commodity prices shot up in the 1970s, central banks lost control of inflation. Although general goods and services prices were very subdued nonetheless over the past decade, so too was economic growth. In the United States, for example, inflation of […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: Yearend Edition
December 30, 2009
The dollar is winding up 2009 on a bid note. Except in the unlikely event of a major decline on the final trading day of the year, this will be only the second time in the past eight years in which the U.S. currency rose against the euro between mid-December and yearend. The greenback’s firm […] More
New Overnight Developments Abroad - Daily Update
Stocks Lower in Japan, Germany, France and Britain
December 30, 2009
The dollar firmed 0.5% against the Canadian dollar, 0.3% relative to sterling, 0.2% versus the yen and 0.1% against the euro and Swiss franc. The Aussie and New Zealand dollars are unchanged against the buck. German and Japanese markets will not be open tomorrow. Stocks fell 0.9% in Japan, 1.0% in Thailand, 0.3% in India […] More
