Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Rising Risk Aversion Favors JPY, USD, and CHF
From the BBH Currency Strategy Team. Highlights The US dollar is stronger vs. the majors as risk aversion carries over and intensifies. EUR/USD is making new lows for this move but is finding some support around 1.26 for…
On How Tim Geithner and I agree on public policy
If you haven't read Monday at the Treasury: an overlong exegesis, Steve Waldman's review of his meeting at Treasury with Tim Geithner, do so. It's a great piece. Steve's piece certainly showed how Tim Geithner and I agree on public policy.…
The Government’s Bank
How does the government pay for stuff? That's a question we should all be asking ourselves. I'm speaking here both from a philosophical and functional perspective. You and I have to earn our money by working. Usually we deposit this money…
Stresses Remain In Play For Europe
From Win Thin, Senior Currency Strategist at BBH. Bloomberg headline reads “Europe’s Budget Cuts Pose Risk to Debt Ratings, Moody’s Says.” Really?The article goes on to quote the agency as saying budget cuts in response to the…
Links: 2010-08-23
Short links post today. The link I want to highlight is the Greek one on illegal immigration. When the economy is poor, immigration always becomes an issue, especially illegal immigration. Watch how Europeans handle this versus Americans as…
Dollar Softer In Narrow Trading Ranges
From the BBH Currency Strategy Team. Highlights The US dollar is mostly softer vs. the majors as earlier risk aversion during the Asian session has been reversed during early European trading. Overall FX trading has been in very…
Links: 2010-08-22
The Stock Market is still for Suckers and why you should put your money in the bank « blog maverick FT.com - Michael Pettis - The last chance to avoid a global trade war Euro crisis has not gone away, it is merely masked by other…
How Many Times Can One Driver Fall Asleep At The Same Wheel (And Live)?
Watching the TV news here is Spain at the moment is often a rather discomforting and sad affair. The normal menu seems to consist of a constant stream of ministers who have to appear before the cameras and the public to explain something…
On who is saving and what it means as well as other links
Topic of the Day: Savings rates Marginal Revolution: Australian fiscal policy BBC News - Savings used to boost spending and income BBC News - Savings raided to cover income shortfalls On the Way Down: The Erosion of…
What Does the Philly Fed Contraction Signal Really Mean?
By John Lounsbury David Rosenberg, chief economist for Toronto's Gluskin Sheff, has a graph showing the history of the Philly Fed Business Outlook Survey. I have added annotations below: Before this month and since 1968 there have…