Archive for December 13th, 2010

Larry's Blog

American Close-Up: the 2000 and 2008 Elections

December 13, 2010

Presidential political mandates are earned on the job, not won in the ballot box, and it takes more than the executive branch of government to seal the deal. The presidential election of 2000 was decided by a Supreme Court decision in December that decided Florida and gave George W. Bush five more electoral votes, 266, […] More

Deeper Analysis

Dollar Against Euro in Late December

December 13, 2010

Is there a seasonal bias toward dollar weakness in the second half of December?  No such case can be made about dollar/yen.  However, the dollar has declined against the dominant currency of mainland Europe between mid-December and yearend in 70% of the 37 years since a floating exchange rate system was adopted for the dollar.  […] More

New Overnight Developments Abroad - Daily Update

No Rate Hike in China

December 13, 2010

The People’s Bank of China failed to complement the recent increase of reserve requirements with an increase in central bank interest rates.  The move in reserve requirements, it is now clear, was intended as a substitute tightening move and one that would put less upward pressure on the yuan, which fell back 0.2% against the […] More