Risk Aversion Sends Stocks and Commodities Lower and Yen and Dollar Higher

June 8, 2011

Euroland officials still haggling over the composition of a Greek bailout. OPEC ministers meeting in Vienna have range of stands over whether to raise oil production. Moody’s again warns that British AAA sovereign debt rating may get downgraded. Today’s release of the Fed Beige Book of regional trends comes amid mounting concern that U.S. growth […] More

Oil Prices Rocketed in the 00s

December 30, 2009

The past decade saw a quantum leap in oil price pressures.  When oil and other commodity prices shot up in the 1970s, central banks lost control of inflation.  Although general goods and services prices were very subdued nonetheless over the past decade, so too was economic growth.  In the United States, for example, inflation of […] More

Somewhat Less Pressure on Greek Debt

December 22, 2009

The dollar was narrowly mixed overnight, easing 0.4% against the Canadian dollar and 0.1% versus the euro but advancing by 0.3% against sterling and the Australian dollar, 0.2% against the yen and Swiss franc, and 0.1% relative to the kiwi. Stocks are mostly higher, with the notable exception of China.  Equities have risen 1.9% in […] More

Quiet Start to Pre-Xmas Week

December 21, 2009

Trading volume has been restrained by snow storm in Eastern U.S. and approaching yearend holidays.  Federal snow day in D.C.  European weather also severe. The dollar is unchanged against the euro and Swiss franc.  The Swissy remains stronger than 1.50 per euro (latest quote = 1.4955) despite released Swiss National Bank quarterly report that reiterates […] More