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
