Archive for January 4th, 2012

Larry's Blog

Betting Against the Euro: Nothing is Ever a Slam Dunk

January 4, 2012

The news out of Continental Europe was horrendous in 2011.  It was the second full calendar year of an intensifying sovereign debt crisis.  Politicians devised a series of rescue plans that did not address the root imbalances behind the problem and offered insufficient firepower to end sentiment that the common currency is heading for a […] More

New Overnight Developments Abroad - Daily Update

Fresh Risk Aversion

January 4, 2012

The German Dax and Paris Cac have declined so far by 0.8% and 0.9%.  After dropping Tuesday, the dollar recovered today by 0.7% against the Swiss franc, 0.5% versus the euro and Australian dollar, 0.3% vis-a-vis the kiwi, sterling and loonie, and 0.1% against the yuan.  In a classic risk averse pattern, the yen edged […] More