Archive for May 4th, 2009


It's Time to Hear from You!

May 4, 2009

Currency Thoughts has been on the web for just over a year.  It’s time for a “reader survey.”  Please take a minute or two to let us know your thoughts  in the linked ten-question survey so we can provide the coverage that means the most to you.  Many thanks in advance for your response.  -Larry […] More

Larry's Blog

Keynes or Friedman: A Never-Ending Debate

May 4, 2009

John Maynard Keynes was the most famous economist during the first half of the twentieth century.  His counterpart in the second half of that century was Milton Friedman.  Each of these men was extraordinarily brilliant, prolific in their writings, influential in public policy-making, and a philosophical mentor to broad swatches of future economists and interpreters […] More

Central Bank Watch

Preview of Australian Cash Rate Decision

May 4, 2009

It’s a closer call than generally realized whether the central bank cuts the cash rate by 25 basis points to 2.75% or leaves such at 3.0%. I give a marginal edge, but only that, to the street consensus of no change and would consider such to be a pause in easing, not the end of […] More

Currency Markets in the News

Manufacturing in the United States and Europe

May 4, 2009

Mf’g PMI’s United States Euroland Spread EUR/USD Feb 2008 48.8 52.3 -3.5 1.475 March 49.0 52.0 -3.0 1.553 April 48.6 50.7 -2.1 1.574 May 49.3 50.6 -1.3 1.555 June 49.5 49.2 +0.3 1.557 July 49.5 47.4 +2.1 1.577 August 49.3 47.6 +1.7 1.497 September 43.4 45.0 -1.6 1.437 October 38.7 41.1 -2.4 1.331 November 36.6 […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Stocks Post Robust Gains

May 4, 2009

Financial markets are shut in Japan for Greenery Day and in Britain for a bank holiday. Equities advanced 6.4% in India, 5.7% in Singapore, 5.5% in Hong Kong, 4.7% in Vietnam, 3.5% in China, 3.0% in Thailand, and 2.1% in South Korea.  The German Dax and Paris Cac are 1.7% and 1.1% higher.  Australian equities […] More