Marc to Market

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Seven Stories in Double - O Seven

magonomics December 22, 2006

Re-acceleration of the US economy Many economists and US debt traders and foreign exchange traders are pessimistic about the outlook for the US economy. However, the equity market, the narrowness of credit spreads, like corporate bond yields over Treasuries or emerging market debt over Treasuries, would seem to agree with the Federal Reserve and ot…

Seven Stories in Double - O Seven

Reviewed by magonomics on December 22, 2006 Rating: 5

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Trust but Verify

magonomics December 01, 2006

There is a battle going on between the Federal Reserve and the market. It is over the outlook for the economy and the appropriate monetary policy.

The Federal Reserve position is clear. As it expected, the economy has slowed. However, as Chairman Bernanke said recently: “Outside housing and motor vehicle sectors, economic activity has, on balance, …

Trust but Verify

Reviewed by magonomics on December 01, 2006 Rating: 5

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Dollar Down, but Bears may be Over-reaching

magonomics November 24, 2006

A run on the US dollar is underway. While momentum suggests there is scope for additional near-term losses, the risk is the dollar bears are getting ahead of themselves, Rather than jump aboard what appears to be a southbound dollar express, traders might be better advised to take some profits and wait for the next train. Money managers and corpor…

Dollar Down, but Bears may be Over-reaching

Reviewed by magonomics on November 24, 2006 Rating: 5

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Risks Mounting In Turkey

magonomics November 08, 2006

Turkey faces only two challenges: politics and economics. These are conspiring to increase the downside risks of the Turkish lira. The news today is that the EC has put off until next month the decision to break off membership negotiations with Turkey There are two main areas of concern. The first is Turkey's refusal to open its ports to Cypri…

Risks Mounting In Turkey

Reviewed by magonomics on November 08, 2006 Rating: 5

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Trust and The Canadain Dollar

magonomics November 03, 2006

The main shock in recent days was the announcement from Canada’s Finance Minister, Jim Flaherty, that the trust form of corporate organization would no longer enjoy its tax exempt status. This was a bolt from the blue. This past spring Flaherty promised that the coalition government would not tamper with the trust’s status. The previous Liberal go…

Trust and The Canadain Dollar

Reviewed by magonomics on November 03, 2006 Rating: 5