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Some Auto Thoughts and Possible Dollar Implications

May 27, 2009
The seemingly inevitable bankruptcy of General Motors talk of the markets but it seems that the speed at which Chrylser is moving through its bankruptcy proceedings is remarkable. It may emerge from bankruptcy within the next couple of weeks, according to some press reports. This in turn spurs hope that GM, while significantly larger, may also eme…
Some Auto Thoughts and Possible Dollar Implications Some Auto Thoughts and Possible Dollar Implications Reviewed by Marc Chandler on May 27, 2009 Rating: 5
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US April Existing Home Sales Preview

May 26, 2009
The US will report April existing home sales tomorrow. Surveys by news wires expect a rise of around 2% following the 3% decline in March. Yet the market may still be a bit more optimistic than the data. Recall that the April housing starts and permits data disappointed and the March CaseShiller headline also was worse than expected. That said, in…
US April Existing Home Sales Preview US April Existing Home Sales Preview Reviewed by magonomics on May 26, 2009 Rating: 5
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Kohn Says Fed Purchases May Have Kept Rates Down 100 bp

May 26, 2009
This past Saturday the Fed's Vice Chairman Donald Kohn spoke on a panel at Princeton University. Kohn is also the most experienced person on the FOMC and he also headed up the working committee to help improve the FOMC communication. What he says is particularly important.
Kohn Says Fed Purchases May Have Kept Rates Down 100 bp Kohn Says Fed Purchases May Have Kept Rates Down 100 bp Reviewed by magonomics on May 26, 2009 Rating: 5
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BOJ to Accept Foreign Sovereign Bonds as Collateral

May 22, 2009
Earlier today the Bank of Japan indicated that it will accept government bonds of the other G5 countries (US, UK, Germany and France) as collateral for their money market operations.
The immediate reaction was that this will help enhance liquidity conditions on ideas that Japanese banks will be able to use their foreign bond holdings as collateral…
BOJ to Accept Foreign Sovereign Bonds as Collateral BOJ to Accept Foreign Sovereign Bonds as Collateral Reviewed by magonomics on May 22, 2009 Rating: 5
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Questioning the Dollar

May 22, 2009
In the near-term, the stars are aligned against the US dollar. Sentiment is decidedly negative. If the news stream is good, we are told investors are less risk averse and do not need the dollar’s security. If the news stream is poor, we are told the US is in horrific shape and the budget deficit and Fed’s balance sheet will swell even more.
It is …
Questioning the Dollar Questioning the Dollar Reviewed by magonomics on May 22, 2009 Rating: 5
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