Archive for January 21st, 2010

Deeper Analysis

Bank of Canada Monetary Policy Quarterly Report

January 21, 2010

As always, today’s Canadian central bank policy report provides a mountain of handy information.  Several useful guideposts are provided, and then one can make inferences that illuminate even more clues about likely future policy. Projected economic growth in 2010 was revised upward from forecasts made in October to 2.5%  in the United States from 1.8% […] More

Larry's Blog

All Bets Off on U.S. Recovery If Equities Plunge

January 21, 2010

A very wide dispersion persists among U.S. growth projections.  Some analysts expect real GDP to expand more than 4.0% in the year between 3Q09 and 3Q10, and others have penciled in a return to recession.  The pessimists tend to stress the temporary nature of factors behind the impressive rebound of activity, namely a favorable turn […] More

New Overnight Developments Abroad - Daily Update

Dollar Higher on Chinese and European Data

January 21, 2010

The dollar strengthened 1.0% against sterling, 0.8% versus the kiwi, 0.6% against the yen and Canadian dollar, 0.4% relative to the Swiss franc and euro, and 0.2% against the Australian dollar. Stocks in the Pacific Rim rebounded 1.2% in Japan, 0.5% in South Korea and 0.4% in China but slumped 2.4% in India, 2.0% in […] More