Archive for October 23rd, 2008

Larry's Blog

Counting Upon The Asian NIE's and Developing Economies

October 23, 2008

The severity of the global recession will hinge importantly on the resilience of Asian newly industrialized economies, emerging economies, and developing economies. The notion of a polarized world, with advanced economies in North America and Europe as well as Japan, Australia and New Zealand posting quarters of negative growth but other countries only downshifting into […] More

Central Bank Watch

Swedish Riksbank Lops Another 50 Basis Points Off Its Repo Rate

October 23, 2008

Sweden’s central bank had been expected to ease by either 25 or 50 basis points further in follow-up to a 50-bp cut on October 8th, and it opted for the bolder and, in this analyst’s opinion, more appropriate action. Today’s reduction takes effect on October 29th, and minutes from the meeting will be released on […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Tumble in Equities Continued in Asia and Europe

October 23, 2008

Stock prices fell 7.5% in South Korea, 2.5% in Japan, 4.6% in the Philippines, 4.1% in Singapore, 4.4% in Australia, 3.6% in Hong Kong, and 3.2% in New Zealand. In Europe, the German Dax, Paris Cac, and British Ftse show losses of 3.1%, 2.4%, and 1.6%, and Swedish share prices are 2.0% lower. Commodity currencies […] More