Larry's Blog
Can Anybody Define the American Crisis?
August 13, 2012
People widely agree that the United States is in crisis but just as widely dispute its nature. Perceived problems are depicted as matters of urgency, presenting a stark choice between ruin and renewed glory but only if this, that, and the other recommended change is adopted immediately. Problems are perceived so differently that solutions from […] More
Deeper Analysis
Slowdown Confirmed in Japanese GDP Growth
August 13, 2012
Several aspects of Japan’s GDP release were disappointing. Nominal GDP was 0.1% smaller in the second quarter than in 1Q. That’s a decline of 0.6% at an annualized rate. Deflation persists. The GDP price deflator was 1.1% below its year-earlier level. The personal consumption deflator dropped 0.7% on year. Real GDP growth slowed to 0.3% […] More
New Overnight Developments Abroad - Daily Update
Japanese GDP Released on Otherwise Quiet Monday
August 13, 2012
Overnight dollar movements have been modest, with gains of 0.3% against the kiwi, 0.2% versus the Australian dollar, and 0.1% relative to the loonie and sterling but losses of 0.2% against the euro and Swissie and 0.1% versus the yen. The yuan is steady following a weekend in which the People’s Bank of China failed […] More
