Larry's Blog
Age of the Next U.S. President: Some Interesting Facts
September 22, 2015
Barack Obama is the 44th U.S. president but only the 43rd different person to hold that office since Grover Cleveland served two non-consecutive terms. The average age of the 43 presidents at the time of their initial inauguration is 55. 25 were in their 50s. 10 were in their 60s but just 2 as old […] More
Central Bank Watch
Magyar Nemzeti Bank Reaffirms Appropriateness of Hungary’s Monetary Policy Stance
September 22, 2015
Hungary’s Monetary Council retained a 1.35% Base Rate and released a statement that Concluded “inflation is likely to be below the inflation target this year and next, and is expected to rise to levels around 3 per cent only in the second half of 2017.” Attributed unfavorable global financial developments to “Greek government debt problems,concerns […] More
Central Bank Watch
Central Bank of the Republic of Turkey Retains 7.5% Repo Rate
September 22, 2015
“The cautious monetary policy stance will be maintained, by keeping a flat yield curve, until there is a significant improvement in the inflation outlook.” Thus concludes the statement following the latest Turkish central bank meeting where officials left their one-week repo rate at 7.5% along with a 10.75% overnight lending rate and a 7.25% overnight […] More
New Overnight Developments Abroad - Daily Update
Ugly Day for Stocks
September 22, 2015
Equities in Europe have plunged 3.1% in France, 2.8% in Germany, Italy, Spain and Switzerland and 2.1% in Britain. U.S. futures point to a debacle here, too. VW shares continued to implode. Stocks in Asia had been more mixed, with Japan still closed for the second of three straight days in a bridge between Respect […] More
