Archive for November 18th, 2009

Larry's Blog

Yuan Rules and the 2010 U.S. Election

November 18, 2009

A shift away from the yuan’s fixed peg at 6.83 per dollar had been a top goal of Team Obama’s Asian trip and is now one the week’s largest embarrassments.  Chinese officials rebuffed the request more forcefully than necessary and turned the object of complaint around to Washington’s neglectful dollar policy.  This public posturing backs […] More

Deeper Analysis

Developments in Inflation

November 18, 2009

The United States and Canada reported new consumer price statistics today, and Euroland and British data were released within the past week.  The comments of central bankers would have us think that if low and stable inflation can be secured, all other economic problems will be manageable.  The latest 12-month inflation rates are minus 0.2% […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Dollar and Pound Softer

November 18, 2009

The dollar is steady against sterling but has dropped 0.7% against the Swiss franc, 0.6% against the euro, 0.5% relative to the Canadian dollar, 0.4% against the kiwi, 0.3% against the Australian dollar and 0.2% against the yen. Asian stocks were mostly lower, but European bourses are higher.  Equities fell by 0.5% in Japan, 0.7% […] More