Currency Markets in the News
Deficit Spending and Long-Term Interest Rates
December 22, 2008
Warnings have begun that U.S. long-term interest rates will turn higher by the second half of 2009, possibly significantly, under the weight of massive government deficit spending. This of course did not happen in Japan, so a brief review of that economy’s experience seems timely. Japan’s housing bubble burst in the early 1990’s. There was […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: China Interest Rates and Reserve Requirements Cut Again
December 22, 2008
Stocks are lower. In the Pacific Rim, stocks fell by 3.3% in Hong Kong, 2.9% in Thailand, 2.8% in Singapore, 3.3% in the Philippines and 1.6% in Australia. A 1.6% rise of Japan’s Nikkei-225 index was an exception to the global downtrend. In Europe, the Paris Cac, German Dax, and British Ftse are trading down […] More
