Larry's Blog
An Understandably Spooked Market
May 26, 2010
The obscure but critically important corners of the international banking system, which seized up in 2007-8, may be performing more normally, but segments of the financial system that are followed by average folks increasingly resemble a chaotic casino game. Wide swings in equities and the euro not only between days but within them are becoming […] More
New Overnight Developments Abroad - Daily Update
Calmer Tone in Markets
May 26, 2010
Financial markets have reverted today to their Jekyll side after yesterday’s Hyde performance. The dollar is narrowly mixed, with gains of 0.2% against the euro and 0.1% against the yen but losses of 0.4% against the Australian dollar, 0.3% relative to the Swiss franc, 0.2% versus the kiwi and 0.1% against the Canadian dollar and […] More
