Marc to Market

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G7 is Overshadowed

magonomics October 12, 2007

Another G7 meeting is upon us. It is the first such gathering since the market turmoil began and the acceleration of the US dollar’s decline. Some observers have suggested that it may be one of the most important G7 meetings in years. More likely though such hopes will be dashed and the G7 meeting will be overshadowed by two other gatherings, Chin…

G7 is Overshadowed

Reviewed by magonomics on October 12, 2007 Rating: 5

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And Now What? Q4 and Beyond

magonomics October 05, 2007

The closing of a couple of European bank managed funds and the failure to secure financing for two large acquisitions in August marked the beginning of the credit crisis in earnest. The rally in US share prices that lifted the Dow Jones Industrials and S&P 500 to new record highs and the September US jobs data, coupled with the sharp upward re…

And Now What? Q4 and Beyond

Reviewed by magonomics on October 05, 2007 Rating: 5

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Making Cents of the Dollar

magonomics September 21, 2007

The US dollar’s slide is once again prompting a steady drum beat warning that the end is nigh. While a further dollar decline seems likely, its demise is likely being exaggerated and a recovery is likely late this year or early next year. This view is predicated on the understanding that what is ailing the dollar is largely cyclical in nature and…

Making Cents of the Dollar

Reviewed by magonomics on September 21, 2007 Rating: 5

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Trade and The Dollar

magonomics September 14, 2007

One of the interesting elements in the US dollar’s recent decline is that few, if any, are suggesting that it is being driven by its perennial nemesis, the large trade deficit. Most seem to recognize that the divergence of monetary policy and the anticipated trajectory of interest rate differentials are the significant force driving the greenback …

Trade and The Dollar

Reviewed by magonomics on September 14, 2007 Rating: 5

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The Rubicon is Crossed

magonomics September 07, 2007

The unexpected decline in non-farm payrolls, the first such decline in four years, leaves no doubt that the Federal Reserve will cut interest rates at the September 18 FOMC meeting. The jobs data, which included a downward revision of 81k jobs over the past couple of months, is simply horrific and fans the most pessimistic fears. The housing mark…

The Rubicon is Crossed

Reviewed by magonomics on September 07, 2007 Rating: 5