Insights

 

FX Outlook
April 05, 2011 Posted by
Japan has been stuck in an economic malaise of historic proportions. Its stock market, the Nikkei, has fallen from a high of almost 39,000 in early 1990 to a closing level of 9755 on March 31, a decline of about 75 percent.
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Observation Deck
April 01, 2011 Posted by
In the time since the Federal Reserve Board brought the target fed funds rate to 0.00 - 0.25 percent, there has been more volatility and opportunity in the two-year Treasury note than short Treasury bills.
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Quarterly Economic Report
April 01, 2011 Posted by
No, the title to this commentary is not a typo. On March 22, the Treasury announced it would sell its mortgage holdings, plunking a cool $10 billion of the securities back into the market on a monthly basis until its entire $142 billion of holdings have been depleted. On the other side of this transaction, the Treasury will do… nothing.
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Economic Outlook
March 29, 2011 Posted by
Often when I'm asked to speak at events, I am introduced as an economist. When this occurs I do my best to correct the perception. In my view, to be considered an economist is a slur. Let me explain.
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FX Outlook
March 29, 2011 Posted by

In the last few months, we have had governments overthrown, devastating earthquakes, the U.S. has entered its third armed conflict, and some countries are on the verge of bankruptcy. In addition, the U.S. economy is struggling along and has yet to produce enough jobs to the unemployed.

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Economic Outlook
March 22, 2011 Posted by
Thus far, the government's attempts to jump over the drama of the current recession have had less than spectacular results. To be sure, the American drive is alive and well, but we've hit more than a bump in the road and now everyone is scrambling for answers.
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FX Outlook
March 22, 2011 Posted by
The yen's surge in the wake of the earthquake and tsunami may have seemed counter-intuitive at first glance, but it reflected, in part, market speculation that Japanese firms and the Japanese government will repatriate money now invested overseas in order to pay insurance claims and the cost of rebuilding.
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Global Edge; Asia
March 21, 2011 Posted by
China's new offshore currency (CNH) affords you new opportunities as you do business overseas. Learn about how offshore CNH will ultimately enable two-way foreign exchange conversions for ongoing, Hong Kong-only based transactions, and will not be subject to current onshore (CNY)-based restrictions ...
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