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A Nascent Growth Pact Begins to Take Shape

April 30, 2012
The agenda in the euro zone is changing.  The likely outcome of the weekend elections in Greece and France are just as much an effect as a cause of the shift in the agenda.  For the first time since the crisis began, the German insistence on austerity is being complimented by the push for a growth pact.  We recognized ECB President Draghi's s…
A Nascent Growth Pact Begins to Take Shape A Nascent Growth Pact Begins to Take Shape Reviewed by Marc Chandler on April 30, 2012 Rating: 5
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Firm Dollar, Eventful Week

April 30, 2012
The US dollar is paring back some of its pre-weekend losses at the start of the new week. Tokyo markets on holiday today and many European centers closed for May Day tomorrow. Asia equities generally were firmer, while European bourses are lower, but modestly so, with the Dow Jones Stoxx 600 off about 0.25% near midday in London. Financials ar…
Firm Dollar, Eventful Week Firm Dollar, Eventful Week Reviewed by Marc Chandler on April 30, 2012 Rating: 5
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Great Graphic: Royal Wedding

April 29, 2012
Can you believe it has been a year since the royal wedding? Yes an entire 366 days (2012 was a leap year) since this magical event:

So in honor of the anniversary here is a great graphic on weddings:


Great Graphic: Royal Wedding Great Graphic: Royal Wedding Reviewed by magonomics on April 29, 2012 Rating: 5
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Speculative Positioning and Technical Outlook for FX

April 28, 2012
The major feature of the foreign exchange market in recent days has been the resilience of the foreign currencies, despite a stream of poor news.  As noted in last week's review of the Commitment of Traders, technical considerations struck us as more supportive for the major foreign currencies than the macro-economic backdrop.  
The latest Co…
Speculative Positioning and Technical Outlook for FX Speculative Positioning and Technical Outlook for FX Reviewed by Marc Chandler on April 28, 2012 Rating: 5
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Great Graphic: Reading, Writing, and Earning Money Great Graphic: Reading, Writing, and Earning Money Reviewed by magonomics on April 28, 2012 Rating: 5
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Great Graphic: GDP and Longevity

April 27, 2012
Here is an Great Graphic by Stephen Hicks using Gapminder data.  The horizontal axis is GDP per capita at purchasing power parity terms. The vertical axis is life expectancy at birth. 
It illustrates the importance of wealth on longevity.  There are of course other factors.  It suggests that life expectancy is in large a function of the distribu…
Great Graphic: GDP and Longevity Great Graphic: GDP and Longevity Reviewed by Marc Chandler on April 27, 2012 Rating: 5
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GDP Pushes Dollar Down Further

April 27, 2012
The foreign currencies are mostly extending their gains against the greenback following the initial estimate of Q1 GDP.  The 2.2% pace was a bit disappointing to market expectations which had appeared to creep higher in recent days. 
The details are a bit better as household consumption was stronger at 2.9% after a 2.1% pace in Q4 11.   This acc…
GDP Pushes Dollar Down Further GDP Pushes Dollar Down Further Reviewed by Marc Chandler on April 27, 2012 Rating: 5
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