Larry's Blog
Stormy Weather and GDP
February 9, 2010
First-quarter U.S. GDP growth is not in danger because of the imminent arrival of a second monster snowstorm to hit the Eastern Seaboard in less than a week. At least that’s the conclusion one draws from an examination of historic quarters when storms or other natural disasters occurred. Here’s a quick sampling. August 25, 2005: […] More
Bonds and Stocks
Market Contagion
February 9, 2010
Although Greece constitutes just 2.65% of the euro area economy, it is understandable why the Greek debt crisis rattled the region’s other markets. One element of Greece’s problems, the unreliability of reported data and past gimmicks used by Greek authorities to meet standards for joining the European Monetary Union, naturally raise suspicions about other members […] More
New Overnight Developments Abroad - Daily Update
Better Market Tone Tuesday
February 9, 2010
Commodity currencies have firmed against the U.S. dollar, and the euro and Swissy have recovered, too, despite continuing worries about Greek, Spanish, and Portuguese public finances. The greenback fell 0.9% against the kiwi, 0.7% against the Australian dollar, 0.4% against the euro and Swiss franc and 0.3% relative to the Canadian dollar. The yen lost […] More
