Archive for February 9th, 2010

Larry's Blog

Stormy Weather and GDP

February 9, 2010

First-quarter U.S. GDP growth is not in danger because of the imminent arrival of a second monster snowstorm to hit the Eastern Seaboard in less than a week.  At least that’s the conclusion one draws from an examination of historic quarters when storms or other natural disasters occurred.  Here’s a quick sampling. August 25, 2005:  […] More

Bonds and Stocks

Market Contagion

February 9, 2010

Although Greece constitutes just 2.65% of the euro area economy, it is understandable why the Greek debt crisis rattled the region’s other markets.  One element of Greece’s problems, the unreliability of reported data and past gimmicks used by Greek authorities to meet standards for joining the European Monetary Union, naturally raise suspicions about other members […] More

New Overnight Developments Abroad - Daily Update

Better Market Tone Tuesday

February 9, 2010

Commodity currencies have firmed against the U.S. dollar, and the euro and Swissy have recovered, too, despite continuing worries about Greek, Spanish, and Portuguese public finances.  The greenback fell 0.9% against the kiwi, 0.7% against the Australian dollar, 0.4% against the euro and Swiss franc and 0.3% relative to the Canadian dollar.  The yen lost […] More