Archive for January 3rd, 2013

Foreign Exchange Insights and Next Week

Currency Market Disconnection

January 3, 2013

Industrial economies are fouled up beyond all recognition.  Emerging nations aren’t compensating for this slack in demand.  A whole lot of deleveraging still must be done in the private sector.  Private sector dysfunctionality put strain on public finances, and ill-advised attempts to reduce government deficits now has instead aggravated the private sector mess without achieving […] More

New Overnight Developments Abroad - Daily Update

Second Thoughts about the U.S. Fiscal Cliff Pact

January 3, 2013

There have been predictable misgivings about what the U.S. Congressional deal to avert the full fiscal cliff has accomplished.  Rating agencies like Moody’s have noted with disappointment that unsustainable deficits in the long term were not corrected.  President Obama signed the bill. Japan’s market remained closed Thursday for the extended New Year holiday.  Share prices […] More