Archive for December 22nd, 2008

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