Larry's Blog
Long-Term Slumps in Stock Prices
May 20, 2010
In an update yesterday entitled U.S. Unemployment, CPI Inflation, Stock Prices and Fed Policy, I quantified several data trends, which make a rate increase by the Fed this year unlikely. This posting looks in further depth at the prolonged weakness of stock prices, which is already more than a decade long. It’s not limited to […] More
New Overnight Developments Abroad - Daily Update
Further Sharp Drop in Australian and Canadian Dollars
May 20, 2010
The U.S. dollar advanced 2.1% and 1.1% against the Aussie and Canadian currencies. The kiwi, down just 0.5%, has shown greater resilience following a well-received New Zealand budget that cut income taxes, raised sales taxes to 15% from 12.5%, and emphasized a long-term plan to contain raising foreign debt. The dollar has also risen 0.6% […] More
