Bonds and Stocks
Bubbles
May 12, 2008
My posting last Friday, Foreign Exchange Insights, opens with a discussion of recent oil price developments and observes that “it’s much easier to spot an asset bubble than to predict when it will deflate.” By coincidence, the esteemed Princeton economics professor and New York Times columnist, Paul Krugman, has a self-explanatory Op-Ed piece today, […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad
May 12, 2008
The U.S. dollar firmed 0.9% against the yen, 0.6% versus the Swissy, 0.2% against the euro and 0.1% against the C-dollar. The dollar lost 0.2% against sterling and 0.1% against the A-dollar. Sovereign bond yields are higher. 10-year JGB yield climbed 4.5 bps to 1.6%. Most equities are up: Nikkei +0.6%. Australia +1.0%. Dax +0.5%. […] More
