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
