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COFER --Q2 Reserves

September 30, 2009
The most authoritative source of reserve data, the IMF's COFER data was just released for the second quarter. Central banks are rebuilding their reserves. Reserves peaked in Q2 08 at about $6.96 trillion. In Q1 09 they had fallen to $6.49 trillion and in Q2 they rose to $6.80 trillion.
COFER --Q2 Reserves COFER --Q2 Reserves Reviewed by magonomics on September 30, 2009 Rating: 5
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China, Russia, Middle East and Treasuries

September 29, 2009
Perhaps one of the most noteworthy developments at the recent G20 meeting is what wasn't said. There was no major call for a new international monetary regime or a new international reserve asset, like the Chinese and others pushed for at the previous G20 meeting. Similarly there were no calls from US or European officials for a renewed yuan a…
China, Russia, Middle East and Treasuries China, Russia, Middle East and Treasuries Reviewed by magonomics on September 29, 2009 Rating: 5
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Irish Referendum Oct 2: Yes, This Time

September 29, 2009
Ireland goes back to the polls Friday to approve the Lisbon Treaty after rejecting it in June 2008. Irish voters have been subject to a full court press, with even the EU, under the guise of simply informing voters, has seen to be weighing in heavily. All the lobbying and reassurances appear to be yielding the desired outcome. Polls out in recent …
Irish Referendum Oct 2: Yes, This Time Irish Referendum Oct 2: Yes, This Time Reviewed by magonomics on September 29, 2009 Rating: 5
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The United States and Norway

September 28, 2009
It is a study of contrasts. About midway through the 24-hour trading day on Wednesday, 23 September, the Norwegian central bank announced that although it had considered raising its key rates, it decided not to. A few hours later, the Federal Reserve announced that not only would rates be left on hold, it anticipates the economic conditions that w…
The United States and Norway The United States and Norway Reviewed by magonomics on September 28, 2009 Rating: 5
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Mundell: Fix Euro-Dollar Exchange Rate--Fat Chance

September 24, 2009
Nobel prize winning economist Robert Mundell has renewed his call for fixing the euro-dollar exchange rate. Although he has advocated this before, this time he has added it to the Chinese call to increase the role of the SDRs. He argues that by fixing the euro-dollar exchange rate, the new economic zone would represent 45%-48% of the world economy…
Mundell: Fix Euro-Dollar Exchange Rate--Fat Chance Mundell: Fix Euro-Dollar Exchange Rate--Fat Chance Reviewed by magonomics on September 24, 2009 Rating: 5
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