Foreign Exchange Insights and Next Week
Equities But Not Dollar Benefiting from a Lack of Alternatives
February 20, 2014
Former British Prime Minister Thatcher popularized the acronym T.I.N.A. — there is no alternative — to justify painful fiscal austerity and deregulation in the early 1980s. The logic is analogous to a quote from Sherlock Holmes: “Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.” The principle seemingly explains […] More
Uncategorized
More Risk Aversion
February 20, 2014
Japan’s Nikkei slumped 317 points or 2.2%. Elsewhere in the Pacific Rim, share prices dropped 1.2% in Hong Kong, 0.9% in India and China, 0.6% in Taiwan and South Korea, and 0.1% in Singapore and New Zealand. In Europe, Stocks are down 1.0% in Italy, 1.2% in Germany, 0.8% in Spain, 0.7% in Switzerland, 0.5% […] More
