Larry's Blog
Reflections on Socialism
September 14, 2009
The two areas of the Obama agenda being watched most closely by markets are health care and financial sector regulatory reform. Each of these proposed initiatives has met considerable popular and congressional inertia and outright resistance. Along with explosive growth in the federal deficit, the two debates were emotionally charged with accusations that Obama is […] More
Currency Markets in the News
U.S. Versus Foreign Economic Growth: 2010 From 2007
September 14, 2009
The latest issue of The Economist publishes results from the September and newest monthly survey of forecasters. Projected GDP growth in 2010 has been revised higher for a wide cross-section of economies. Revisions amount to 0.6 percentage points (ppts) for the case of the euro area, 0.5 ppts for the United States, 0.3 ppts for […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks and Commodity Currencies Slide
September 14, 2009
The U.S. dollar recovered 1.0%, 0.9%, and 0.6% against the Canadian, New Zealand and Australian dollars, respectively. Gold lost 0.8% and slipped under $1000 to $998 per ounce. Oil fell 1.1% to $68.56 per barrel. The greenback also recouped 0.7% against sterling, 0.2% against the Swiss franc, and 0.1% relative to the yen and euro. […] More
