Deeper Analysis
Bank of Canada Monetary Policy Quarterly Report
January 21, 2010
As always, today’s Canadian central bank policy report provides a mountain of handy information. Several useful guideposts are provided, and then one can make inferences that illuminate even more clues about likely future policy. Projected economic growth in 2010 was revised upward from forecasts made in October to 2.5% in the United States from 1.8% […] More
Larry's Blog
All Bets Off on U.S. Recovery If Equities Plunge
January 21, 2010
A very wide dispersion persists among U.S. growth projections. Some analysts expect real GDP to expand more than 4.0% in the year between 3Q09 and 3Q10, and others have penciled in a return to recession. The pessimists tend to stress the temporary nature of factors behind the impressive rebound of activity, namely a favorable turn […] More
New Overnight Developments Abroad - Daily Update
Dollar Higher on Chinese and European Data
January 21, 2010
The dollar strengthened 1.0% against sterling, 0.8% versus the kiwi, 0.6% against the yen and Canadian dollar, 0.4% relative to the Swiss franc and euro, and 0.2% against the Australian dollar. Stocks in the Pacific Rim rebounded 1.2% in Japan, 0.5% in South Korea and 0.4% in China but slumped 2.4% in India, 2.0% in […] More
