Larry Summers
Seemingly Contradictory Themes
February 20, 2024
Contradictory financial news headlines this Tuesday do not paint a consistent story. For a couple of months, Fed watchers with encouragement from top FRS officials have been trying to discern when and how quickly interest rates will be lowered. Out of the blue today, there’s a headline that the highly credentialed economist and former Treasury […] More
Spotlight on the U.S.
September 13, 2013
Currency markets have been marking time ahead of the U.S. release of retail sales, producer prices, and the latest Reuters/U. Michigan reading of U.S. consumer confidence. The dollar is unchanged against the yuan, loonie and sterling. It is 0.1% softer versus the kiwi and has edged up 0.1% relative to the euro, Swissie, and yen. […] More
Geopolitical Market Havoc
August 27, 2013
The Middle East again is holding the rest of the world hostage, as the U.S. feels compelled to respond to Syria’s alleged use of chemical weapons against its own citizens. Commodities have spike 1.4% in the case of gold to $1412.0 per ounce and 1.2% in the case of WTI crude oil to $107.21 per […] More
