ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I continue to read that the Swiss franc has been gaining on the euro because of the euro’s weakness. This observation appears correct when reviewing the euro’s slide against the dollar since early December (EUR/USD) and the parallel appreciation in the franc versus the euro (EUR/CHF). Yet, the euro has essentially stabilized versus the dollar … Read more
Middle Class Money Angst Still Apparent in Data In all, the latest Fed Flow of Funds data suggest that, to the extent middle class Americans' finances are improving, it's because their liabilities are being reduced by default. The gains in asset values are being concentrated by those so-called households with the ways and means to … Read more
In her Nightly Business Report blog, Terri Cullen summarizes the potential economic impact of Toyota’s problems in “Toyota Recalls and the Economy.” In this article, Cullens suggests that what is bad for Toyota (TM) might be good for the U.S.: “The Toyota recalls may turn out to have a positive impact on the U.S. auto … Read more
Although the S&P 500 almost touched its high for the year on its eighth up day out of the last nine trading days, the VIX (the volatility index) increased almost 4%. So, as the S&P 500 scrapes at fresh 18-month highs, the VIX is bouncing from 21-month lows. The chart below shows the current action … Read more
Extended Interview – George Papaconstantinou, Greece's Finance Minister | Nightly Business Report | PBS In tonight's program, NBR's Darren Gersh talks with George Papaconstantinou, Greece's Minister of Finance, about his nation's debt crisis. Mr. Papaconstantinou talks about the role speculators have played in destabilizing the Greek economy, and he also talks about whether the crisis … Read more