Archive for June 27th, 2011

Larry's Blog

Surprises and Disappointments

June 27, 2011

Unexpected developments frequently are disappointing.  Japan’s massive earthquake in March, which triggered a massive tsunami and serious nuclear facility accident, arguably top the lists of greatest disappointments and greatest surprises during the first half of 2011.  Although Japan lies in geologically active region, it was not possible to know precisely where and when earthquakes will […] More

Central Bank Watch

Key Bank of Israel Interest Rate Not Changed

June 27, 2011

In leaving monetary policy unchanged for the coming month, a statement from the Bank of Israel made the following points: The key rate was raised from 2.0% to 3.25% between late January and late May. Despite a continuing high 4.1% rate of CPI on-year inflation in May, expected inflation has declined, and the underlying pace […] More

New Overnight Developments Abroad - Daily Update

New Concerns that Greek Lawmakers Might Not Approve New Austerity

June 27, 2011

Press reports in Greece that as many as four members of the ruling Socialist Party are have second thoughts about voting this week for the austerity plan sent the euro down as low as $1.4102, but such has recovered to 1.4213, up 0.2% on balance in nervous trading.  Monday has a light slate of scheduled […] More