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Financial Repression

May 31, 2011
With crisis comes new vocabulary. Out of the Great Depression came the use of the word "recession" to denote the end of a business cycle rather than crises, panics, and depressions, which had previously been used.
The recent crisis has given rise to many new words, including "haircut", "re-profiling" and the "Vie…
Financial Repression Financial Repression Reviewed by Marc Chandler on May 31, 2011 Rating: 5
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The Significance of the Euro: A Primer

May 31, 2011
Europe’s monetary union is simply one of the most important experiments of our time. Can the countries whose wars against each other shaped to a large extent the past millennium, if not longer, form a sustainable monetary union without political union?
This experiment is being tested currently under conditions of dramatic imbalances among the part…
The Significance of the Euro: A Primer The Significance of the Euro: A Primer Reviewed by Marc Chandler on May 31, 2011 Rating: 5
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Dollar Mostly Heavy, Euro Optimism, Positive Technicals

May 31, 2011
The US dollar is mostly lower, led by the euro.  The news stream has turned more positive regarding Greece. 
First reports suggest that part of the conditions for new aid will likely include a loss of sovereignty.  Previously, Greece's statistical collection agency had to have a Eurostat representative.  Now it seems that European representati…
Dollar Mostly Heavy, Euro Optimism, Positive Technicals Dollar Mostly Heavy, Euro Optimism, Positive Technicals Reviewed by Marc Chandler on May 31, 2011 Rating: 5
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Dollar Upside Move Over?

May 27, 2011
The US dollar has generally trended higher in recent weeks, but provided that it does not recover today, I suspect its upside correction may very well be over.  In euro is trading at new highs for the week today and the Australian dollar and British pound are at new two week highs.   Frankly, there is some contradictory evidence and it needs to be…
Dollar Upside Move Over? Dollar Upside Move Over? Reviewed by Marc Chandler on May 27, 2011 Rating: 5
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Juncker is Talking Junk...Again, Sending Euro Lower

May 26, 2011
The leader of the euro zone finance ministers Juncker is again triggering heightened anxiety and cutting short the euro's push above $1.4200 for new highs this week.  Juncker is quoted saying that Greece will not make its deficit target this year and more importantly may not get the next tranche of aid from the EU/IMF.  The euro has dropped mo…
Juncker is Talking Junk...Again, Sending Euro Lower Juncker is Talking Junk...Again, Sending Euro Lower Reviewed by Marc Chandler on May 26, 2011 Rating: 5
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