Larry's Blog
Fragile Equities
May 17, 2010
It’s beginning to feel a little like late 2007 in financial markets. The loss of confidence in European sovereign debt is rattling other cages, specifically confidence in big European banks in both directly affected and comparatively healthy economies. Also, stock markets around the world have run into turbulence. Investors are uneasy about the possibilities of […] More
Deeper Analysis
Capital Sought Refuge of United States as European Conditions Grew More Precarious
May 17, 2010
The Treasury Department’s so-called monthly TIC data revealed a surge in net foreign purchases of long-term U.S. securities to $157.7 billion in March from $51.4 billion in February. By comparison, such averaged $53.3 billion per month last year and $34.3 billion in 2008. Treasury notes and bonds comprised $108.4 billion or 68.7% of the March […] More
New Overnight Developments Abroad - Daily Update
Euro Touched 49-Month Low
May 17, 2010
Market movement has grabbed overnight attention in environment of relatively light data and event calendar. The euro touched $1.2232, its weakest value since April 18, 2006. The dollar has risen 0.4% against the euro, Swiss franc, and Canadian dollar. The greenback’s gains have been stronger against sterling and the Aussie dollar (0.9% in both instances) […] More
