Archive for August 5th, 2011

Foreign Exchange Insights and Next Week

Next Week

August 5, 2011

The start of next week will mark the fourth anniversary of the onset of the subprime housing loan crisis.  On August 8, 2007, Mortgage Guaranty Insurance Corporation revealed a $1 billion loss of its investment in C-BASS.  The next day BNP Paribas suspended three investment funds that invested in subprime mortgage debt, and the ECB […] More

Foreign Exchange Insights and Next Week

Some Fear the End of the World as We Know It

August 5, 2011

Investor psychology is best summed up in hit song titles sung by Barry McGuire, Eve of Destruction, and R.E.M., The End of the World as We Know It.  The current mood is reminiscent of September 15, 2008 – March 9, 2009, the span of time between the failure of Lehman Brothers and the day that […] More

New Overnight Developments Abroad - Daily Update

Share Price Plunge Continued Ahead of U.S. Jobs Report

August 5, 2011

Equities plummeted 5.6% in Taiwan, 4.9% in Indonesia, 4.3% in Hong Kong, 4.0% in Australia and Pakistan, 3.7% in Japan, 3.6% in South Korea and Singapore, 3.0% in New Zealand, 2.7% in Thailand, 2.2% in India, and 2.1% in China.  In Europe, the British Ftse and German Dax have so far lost 2.5% and 2.3%. […] More

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