Archive for February 2nd, 2012

Larry's Blog

Romney D Finally Getting Respect

February 2, 2012

With a landslide primary victory in Florida, which along with New York is tied with the third most electoral college votes (29 each) in the nation, Mitt Romney is finally getting the due respect he needs to challenge President Obama in November.  It is said that money can’t buy one love, but it certainly helps […] More

Central Bank Watch

Czech National Bank Policy Still on Hold

February 2, 2012

The two-week repo rate has been pinned at 0.75% since a 25-basis point cut twenty months ago culminated an eight-move easing that also included 150 bps of cuts in 2008 and 125 bps of cuts in 2009.  By a 6-0 unanimous vote with one absentee, the CNB’s Board decided to keep the rate at its […] More

Central Bank Watch

National Bank of Romania Implements Another Rate Reduction

February 2, 2012

Romanian monetary authorities implemented a twelfth interest rate cut as a majority of forecasters expected, reducing the main policy rate by 25 basis points to a cyclical low for the move of 5.5%.  The prior two 25-bp cuts were announced in November and January.  There were also five reductions totaling 225 basis points in 2009 […] More

New Overnight Developments Abroad - Daily Update

Quiet Start to Groundhog’s Day — Eye on Bernanke

February 2, 2012

The dollar shows minimal overnight movement.  It’s up 0.2% and 0.1% against the Swiss franc and euro but down 0.1% relative to the yen, loonie, Aussie dollar, kiwi and yuan.  Sterling is stable against the greenback. There were some big stock market rallies in Asia, but European bourses show little change after poor Spanish labor […] More

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