Currency Markets in the News
Much More Than a Financial System Gone Bad
March 9, 2009
An Op-Ed column in yesterday’s Sunday New York Times by Tom Friedman portrays 2008 as an historic year of inflection when depleting natural resources collided with unsustainable demands for more and more stuff. In the old regime, new stores forever sprouted to sell things built in developing economies like China, and money recycled into U.S. […] More
Currency Markets in the News
Expected GDP Growth in 2010
March 9, 2009
The newest issue of The Economist contains results from its March survey of forecasters and, for the first time, includes projections for 2010. Three facts stick out. The first is a dramatic 2.1 percentage point revision of projected Japanese growth in 2009 to minus 5.3% from minus 3.2% that was was the consensus view in […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: HSBC Shares Plunged 24%
March 9, 2009
Stock prices are sharply lower, typical of other recent Mondays. In Asia, equities fell 4.8% in Hong Kong led by a 24% tumble in HSBC, 3.7% in China and Singapore, 2.0% in Thailand, 2.1% in India, 1.5% in The Philippines, 1.6% in South Korea and 1.2% in Japan to a new 26-year low. The Paris […] More
