Larry's Blog
Betting Against the Euro: Nothing is Ever a Slam Dunk
January 4, 2012
The news out of Continental Europe was horrendous in 2011. It was the second full calendar year of an intensifying sovereign debt crisis. Politicians devised a series of rescue plans that did not address the root imbalances behind the problem and offered insufficient firepower to end sentiment that the common currency is heading for a […] More
New Overnight Developments Abroad - Daily Update
Fresh Risk Aversion
January 4, 2012
The German Dax and Paris Cac have declined so far by 0.8% and 0.9%. After dropping Tuesday, the dollar recovered today by 0.7% against the Swiss franc, 0.5% versus the euro and Australian dollar, 0.3% vis-a-vis the kiwi, sterling and loonie, and 0.1% against the yuan. In a classic risk averse pattern, the yen edged […] More
