Archive for May 26th, 2010

Larry's Blog

An Understandably Spooked Market

May 26, 2010

The obscure but critically important corners of the international banking system, which seized up in 2007-8, may be performing more normally, but segments of the financial system that are followed by average folks increasingly resemble a chaotic casino game.  Wide swings in equities and the euro not only between days but within them are becoming […] More

New Overnight Developments Abroad - Daily Update

Calmer Tone in Markets

May 26, 2010

Financial markets have reverted today to their Jekyll side after yesterday’s Hyde performance.  The dollar is narrowly mixed, with gains of 0.2% against the euro and 0.1% against the yen but losses of 0.4% against the Australian dollar, 0.3% relative to the Swiss franc, 0.2% versus the kiwi and 0.1% against the Canadian dollar and […] More