Archive for May 13th, 2009


Administrative Notice

May 13, 2009

Unavoidable circumstances through Wednesday, May 20, will limit how much, if anything, can be posted on this weblog.  Production should return to normal later next week. More

Currency Markets in the News

Reality Checks

May 13, 2009

Several developments have grabbed the attention of investors, who had become previously comfortable with the notion that the global recession is becoming less intense.  Substantial and widespread weakness persists. U.S. retail sales fell 0.4% last month on top of a 1.3% plunge in March, a two-month annualized 9.7% rate of decline.  That is almost as […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Another Big Drop Reported in Euroland Industrial Output

May 13, 2009

Euroland industrial production fell 2.0% in March, twice expectations, and by 20.1% from a year earlier.  Output plunged 28.1% annualized in 1Q09, more than the 23.4% pace of drop in the prior quarter. The Bank of England released a quarterly inflation report that has weighed on sterling.  The pound is down 0.7% against the dollar, […] More