Surprise from the FED
In early trading of 2013, currencies have been reasonably lively, with healthy intraday moves in most pairs. Gains from the first trading day have been...
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Rail Traffic Declines to Start 2013
The first reading on rail traffic showed a modest decline to -0.1%. The beginning of the year is usually a volatile period for rail traffic...
60% of Spanish Companies are Losing Money, Social Unrest Evident; Unemployment Rate Drops
In an interview with the newspaper La Razon, Rosell said that "social unrest is evident and the business world is no exception." The private sector...
No Debt Fix In Sight
The election is over, the fiscal cliff is over, and the problems remain. For the past several years on this blog I have been showing...
NGDP Now Has Nowhere to Hide
Back in late 2008 I was horrified to see NGDP growth expectations plunging sharply. This is exactly what a modern central bank is supposed to...
Emerging Market FX: The “Generational Trade”?
In short – Yes, and no… Emerging market currencies have undergone massive re-rating over last decade. In many cases they are still undervalued on a...
High implied Volatility in Emerging Markets
One of the interesting things about Q4 equity returns was how little most of the world seemed to care about the U.S. fiscal cliff. Except...
Read of the Day: Keep Investing Simple
Some good insights from a guy named Barry Ritholtz. He writes a blog or something . You may have heard of him: BR’s Guide...
Byron Wien: 10 for 2013
As always, Byron Wien of BlackRock issues his 10 for 2013 (Via Business Wire): Byron’s Ten Surprises for 2013 are as follows: 1. Iran announces...
Apple Inc. (AAPL) Wins Patent For New Way To Power Homes
Apple Inc. (NASDAQ:AAPL) has just won a patent for an Intelligent power-enabled communications port, which would provide a new way to power homes. According to...