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FX Shakeout

January 03, 2013
The reversal in the holiday period positioning that began yesterday in Europe has gained momentum, producing a shakeout of long euro and sterling positions and short US dollar and yen positions.  The dollar-bloc, which lagged during the holiday period, are little changed today.  This also supports the sense of that market positioning, perhaps aft…
FX Shakeout FX Shakeout Reviewed by Marc Chandler on January 03, 2013 Rating: 5
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Cool Video: Big Bang and the First Light Cool Video:   Big Bang and the First Light Reviewed by Marc Chandler on January 02, 2013 Rating: 5
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What's the Hurry? What's the Worry?

January 02, 2013
While elated that the full 3.5% US fiscal drag was avoided, many observers are understandably dissatisfied with the fiscal compromise that was struck.
Marianne Faithfull's song "What's the Hurry" may ironically offer some insight. She asked, "What's the panic, where's the static?" That seems to be the ke…
What's the Hurry? What's the Worry? What's the Hurry?  What's the Worry?  Reviewed by Marc Chandler on January 02, 2013 Rating: 5
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US Fiscal Cliff Averted, Risk Appetite Increases

January 02, 2013
There seems to a collective sigh of relief.  The full force of the US fiscal cliff that could have dragged the world's largest economy into a recession has been averted, even though the results do not seem particularly satisfactory as the debt ceiling and spending cut decisions have been postponed for several weeks.  
Global equity markets ha…
US Fiscal Cliff Averted, Risk Appetite Increases US Fiscal Cliff Averted, Risk Appetite Increases Reviewed by Marc Chandler on January 02, 2013 Rating: 5
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The Fiscal Stiff

January 01, 2013
US Vice President Biden and Senate Minority leader McConnell brokered an agreement that was approved by the Senate that seems to avoid the full fiscal cliff. It now is before the House of Representatives.
While the Jan 1 deadline is passed, the more significant one, we had argued, was Jan 3, when a new Congress is sworn in. A failure by the 112…
The Fiscal Stiff The Fiscal Stiff Reviewed by Marc Chandler on January 01, 2013 Rating: 5
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