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China and Europe

December 05, 2011
Many observers mistakenly think that because China is not a parliamentary democracy that is it monolithic. Yet repeatedly we have seen this is not the case. Many officials at the PBOC, for example,seem more sympathetic to a more flexible currency regime, while officials more involved with commerce and trade are more opposed.
China and Europe China and Europe Reviewed by Marc Chandler on December 05, 2011 Rating: 5
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US Dollar Softer on Slightly Better News Stream

December 05, 2011
The US dollar is beginning the week on a softer note, but well within recent ranges.  Most of this week's key events lie ahead.   The day earlier than planned and somewhat larger Italian austerity plan coupled with talk of ECB purchases has helped send Italian bond yields sharply lower, with the 10-year yield falling over 50 bp toward 6%.  Spa…
US Dollar Softer on Slightly Better News Stream US Dollar Softer on Slightly Better News Stream Reviewed by Marc Chandler on December 05, 2011 Rating: 5
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March to Folly: Underestimating Germany and the ECB

December 04, 2011
The House of Finance is accustomed to a cacophony of opinions and voices. Rarely out of the free market place of ideas has such a strong consensus emerged: Germany and the ECB must capitulate.
The ECB must act as a backstop and support the bond markets ofthe heavily indebted euro zone members. Germany must relent and permit the issuance of Eurobon…
March to Folly: Underestimating Germany and the ECB March to Folly: Underestimating Germany and the ECB Reviewed by Marc Chandler on December 04, 2011 Rating: 5
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Some Thoughts on the U.S. Jobs Report and Implications

December 02, 2011
As often is the case, economic data can be a bit of a Rorschach test, in that reasonable people can see and value different aspects of the report. This holds for today's US employment report. The headlines were good--140k private sector jobs were created, near expectations, back months were revised up by 72k, and the unemployment rate fell une…
Some Thoughts on the U.S. Jobs Report and Implications Some Thoughts on the U.S. Jobs Report and Implications Reviewed by Marc Chandler on December 02, 2011 Rating: 5
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Hard Asset Investor: No Race to Debase Hard Asset Investor: No Race to Debase Reviewed by magonomics on December 01, 2011 Rating: 5
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Short Note on Canada

December 01, 2011
The Canadian dollar has appreciated about 1.5% since the start of the week. The general investment environment has improved compared to last week and the Canadian dollar responded well to yesterday's central bank swap line decision and the stronger than expected Q3 GDP (3.5% annualized vs 3.0% consensus). Yet the Canadian dollar has under-perf…
Short Note on Canada Short Note on Canada Reviewed by Marc Chandler on December 01, 2011 Rating: 5
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Fasten Your Seatbelts: A Week that Can Rock your World

December 01, 2011
Starting today and running through next week, there is a key event nearly every day.  The reports suggesting that the EU may sanction bank bond guarantees through next year is also indicative of the kind of headline risk that will exist as Europe officials grapple with the crisis. This is also an important element that can help banks secure their …
Fasten Your Seatbelts: A Week that Can Rock your World Fasten Your Seatbelts: A Week that Can Rock your World Reviewed by Marc Chandler on December 01, 2011 Rating: 5
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Great Graphic: Making Sense of Europe Great Graphic: Making Sense of Europe Reviewed by magonomics on December 01, 2011 Rating: 5
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Wating for Another Shoe to Drop

December 01, 2011
The major currencies are consolidating in yesterday's broad trading ranges, but the "real" action is in the European bond markets, with acceptable auctions in Spain and France, helping support of a bond market rally that was already underway, encouraged by yesterday's step to increase access to dollar funding.   
Egan-Jones cut F…
Wating for Another Shoe to Drop Wating for Another Shoe to Drop Reviewed by Marc Chandler on December 01, 2011 Rating: 5
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