Archive for April 7th, 2016

Larry's Blog

Experiential Qualification to be a U.S. President

April 7, 2016

A headline in today’s U.S. political news caught my eye.  Bernie Sanders called Hillary Clinton unqualified to be president.  In fact, a tradition was established in the early days of the Republic that identified the job of Secretary of State has the most ideally suitable experience for an aspiring president.  Five of the first eight […] More

Central Bank Watch

National Bank of Serbia

April 7, 2016

The statement released by the central bank executive board after it left the 4.25% key interest rate as is for a second straight time makes the same points mentioned in the prior statement.  The “cautious” current policy stance is projected to promote gradual economic recovery and a moderate return of inflation, which should return to […] More

New Overnight Developments Abroad - Daily Update

High-Flying Yen

April 7, 2016

The yen climbed to new highs for the move of 108.02 per dollar and 123.12 per euro.  The yen overnight gained 1.3% on balance against the U.S. currency despite yesterday’s hint from a Ministry of Finance official that intervention is possible.  Today, Prime Minister Abe seemed to undermine that threat, saying that countries should not […] More