Archive for May 29th, 2008

Larry's Blog

Give It Up, Scott

May 29, 2008

In the middle of a presidential election campaign, former White House press secretary Scott McClellan has released a tell-all highly critical expose about the administration for which he worked. Normally, that kind of revelation might be expected to be very damaging to the incumbent Party. Recall, for example, how a report just before the 1992 […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad

May 29, 2008

The dollar is stronger as markets look ahead to eventual Fed tightening, with gains to 0.7% against the Swiss franc, 0.5% against the euro, 0.4% versus the Aussie dollar, 0.3% against the yen, 0.2% relative to sterling, and 0.1% against the Canadian dollar. The Nikkei leaped 3.0%, and 10-year JGB yields advanced 5 bps to […] More