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U.S. Economic Outlook

January 29, 2010
The US economy expanded by an eye-popping 5.7% pace in Q4 09, according to the government's initial estimate, the fastest in six years. The slower pace of de stocking, contributed about 3.4 percentage points to GDP. Consumer spending rose at a 2% clip, a bit better than expected, but off the 2.8% pace seen in Q3 09 that was boosted by the cash…
U.S. Economic Outlook U.S. Economic Outlook Reviewed by magonomics on January 29, 2010 Rating: 5
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January in Retrospect, February in Prospect

January 29, 2010
One of the forces that we expected to emerge in January was an unwinding of some of the trends seen in December. This force was evident in parts of the foreign exchange market. The poorest performing currency against the dollar in December was the Japanese yen. It lost a little more than 7% in December. In January it was the best performing curren…
January in Retrospect, February in Prospect January in Retrospect, February in Prospect Reviewed by magonomics on January 29, 2010 Rating: 5
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Policy Dilemma Crystalizes in Spain

January 29, 2010
Greece has drawn investors' ire, but it is in Spain today where the policy dilemma is most stark.
Today Spain reported that its unemployment rate in Q4 rose to 18.8% from 17.9% in Q3. The consensus was for a rise toward 18.5%. The unemployment rate has doubled in the past two years. As seems to be typical in Europe, the unemployment challenge …
Policy Dilemma Crystalizes in Spain Policy Dilemma Crystalizes in Spain Reviewed by magonomics on January 29, 2010 Rating: 5
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Japan Data and Flows

January 28, 2010
In recent weeks several investment houses and observers have suggested the attractiveness of Japanese shares. It is difficult as is often the case that what came first the upgraded assessments or the flows. The fact of the matter is, drawing from MOF data, foreign investors have been net buyers of Japanese shares for nine consecutive weeks through…
Japan Data and Flows Japan Data and Flows Reviewed by magonomics on January 28, 2010 Rating: 5
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We suspect many observers are exaggerating the hawkishness of the FOMC statement We suspect many observers are exaggerating the hawkishness of the FOMC statement Reviewed by magonomics on January 28, 2010 Rating: 5
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