Archive for May 23rd, 2012

Larry's Blog

Krugman, Brooks and Zuckerberg

May 23, 2012

Paul Krugman and David Brooks, regular OP-ED columnists for the New York Times, disagree so widely, frequently and precisely in their presentations that their by-weekly commentaries read like a point-counterpoint debate, as if each is inspired by what the other has written recently.  In his other capacity as a Princeton professor, Krugman is one of […] More

Central Bank Watch

Bank of Japan Retains Existing Policy Settings

May 23, 2012

A statement from the BOJ Board affirmed by unanimous vote existing policy settings.  The overnight uncollateralized interest rate has been zero to 0.1% since October 5, 2010.  The target hasn’t been greater than 0.5% since September 1995.  The asset purchase plan wasn’t changed either after having been enhanced on April 27 by 5 trillion yen […] More

New Overnight Developments Abroad - Daily Update

Stronger Yen and Sharply Lower Share Prices

May 23, 2012

Equities have plunged 2.0% in Japan, 1.8% in Taiwan, 1.5% in Singapore, 1.3% in Australia and Hong Kong, 1.1% in South Korea, 1.0% in Indonesia, 0.6% in India and New Zealand and 0.4% in China.  In Europe, mounting fear surrounding Greece’s options saw stocks drop by 2.2% in France and Spain, 3.0% in Italy, 2.0% […] More