Larry's Blog
Assessing Bernie Sanders
February 12, 2016
International financial markets are nervous about the prospects of either a Trump or Cruz presidency on the right, but one can find much about the Sanders phenomenon that is also worrisome. His much bigger-than-expected victory in New Hampshire demonstrates that at minimum his candidacy presents a serious challenge to Clinton. Here’s what to like about […] More
Central Bank Watch
Central Bank of Chile
February 12, 2016
Chilean monetary policy has been tightening lately as in neighboring Peru to its north, but officials have been acting less aggressively. In contrast to Peru’s four 25-basis point moves since September including a hike announced yesterday, officials at the Central Bank of Chile have tightened just twice, also by 25 basis points each in October […] More
Central Bank Watch
Central Reserve Bank of Peru
February 12, 2016
Peru’s monetary policy rate was raised 25 basis points for a third straight month and by such an amount for the fourth time since September. It now stands at 4.25%. Inflation accelerated to 4.6% in January (versus a target of 1-3%) from 4.4% in December and 4.2% in November. But that’s not why monetary officials […] More
New Overnight Developments Abroad - Daily Update
A Market Respite… But for How Long?
February 12, 2016
Share prices in Europe have recovered part of yesterday’s declines, rising so far this Friday by 2.6% in Italy, 1.7% in Greece and Great Britain, 1.5% in Germany, 1.3% in Switzerland, 1.2% in France and 1.0% in Spain. Markets in the Pacific Basin faired worse. Stocks dropped 1.5% in Hong Kong, 1.3% in Indonesia, 1.2% […] More
