Edit
) no-repeat top center;background-size:cover'>

Currencies Should Reflect Fundamentals, I love Mom, and Apple Pie

January 26, 2007
Who can disagree with such platitudes? And yet officials appear to think they are saying something substantive when they say foreign exchange prices should reflect fundamentals. Of course they should. Can they do anything but reflect fundamentals? The issue is not fundamentals versus something else, but which set of fundamentals.
Currencies Should Reflect Fundamentals, I love Mom, and Apple Pie Currencies Should Reflect Fundamentals, I love Mom, and Apple Pie Reviewed by magonomics on January 26, 2007 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Knowing the Known

January 19, 2007
Over the past six weeks, foreign exchange and short-term interest rate markets have made significant adjustments. The way that prices have responded to the latest economic data warns that this adjustment process is largely complete. This suggests a period of consolidation likely lies ahead, during which some of the recent trends may retrace. At th…
Knowing the Known Knowing the Known Reviewed by magonomics on January 19, 2007 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Central Banks, Surprises and Otherwise

January 12, 2007
In our age of transparency, monitoring the signals from the major central banks is not a full time occupation. Wall Street used to hire people whose sole job was to mine the data and official comments for clues into policy. Such people now are among the endangered species. When one wants to contemplate the Federal Reserve’s next move, one can cons…
Central Banks, Surprises and Otherwise Central Banks, Surprises and Otherwise Reviewed by magonomics on January 12, 2007 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Poor Conjugation: US Economy and the Dollar

January 05, 2007
The U.S. jobs data caps a string of impressive data that should but probably won’t silence the pessimists. Already the unseasonably warm weather is being cited by some to dismiss the recent stability of new and existing home sales and the stronger than expected employment data. It is unlikely that one of the biggest bond fund managers will change …
Poor Conjugation: US Economy and the Dollar Poor Conjugation: US Economy and the Dollar Reviewed by magonomics on January 05, 2007 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Seven Stories in Double - O Seven

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 Seven Stories in Double - O Seven Reviewed by magonomics on December 22, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Trust but Verify

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 Trust but Verify Reviewed by magonomics on December 01, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Dollar Down, but Bears may be Over-reaching

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 Dollar Down, but Bears may be Over-reaching Reviewed by magonomics on November 24, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Risks Mounting In Turkey

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 Risks Mounting In Turkey Reviewed by magonomics on November 08, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Trust and The Canadain Dollar

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 Trust and The Canadain Dollar Reviewed by magonomics on November 03, 2006 Rating: 5
Powered by Blogger.