Archive for March 30th, 2009

Currency Markets in the News

Mounting Impatience With Obama

March 30, 2009

In its pre-U.S. election issue entitled “It’s time,” The Economist ran a cover photo of Barack Obama looking somewhat downward but striding confidently forward.  The picture and black-lettered message are set against a white backdrop.  That issue endorsed the Obama candidacy, conceding some risk in the choice but explaining that he had “campaigned with more […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Big Tumble in Equities

March 30, 2009

Stocks and oil are sharply lower.  The yen, dollar and bond yields rose in fresh wave of risk aversion. GM CEO Wagoner is gone.  Obama administration gave thumbs-down to GM and Chrysler consolidation plans.  Geithner suggests some banks will need more federal money. Bank shares tumbled overnight.  A Spanish savings bank, CCM, was nationalized. The […] More