June 2010 was a month in which markets certainly saw their fair share of ups and downs. The Dow lost approximately 250 points (2.46%), opening 10,133.94 June 1st and closing 9774.0195 on June 30th, having had plenty of action in between. The Dow’s peak June close, at about a one and a half month high [...]
The sovereign-debt related decline in the Euro against the U.S. dollar notwithstanding, it is extremely unlikely U.S. policymakers will agree to a stronger dollar policy for the foreseeable future. Although European nations desperately need a weaker Euro to ease the severe economic pressures brought about by the sovereign debt crisis and austerity measures, the U.S. [...]
The Philly Fed keeps a set of monthly historical maps that show the relative financial health of each state based on a coincident index: “The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic,” according to the Philadelphia Federal Reserve website. The four state-level variables in each coincident index [...]
“Is A ‘Double Dip’ Automatically Bad For Stocks?” asks a post on Babak’s Trader’s Narrative blog. The post and responses to it illustrate how blogging can lead to productive collective analysis that sees the same situation from different points of view. Babak observes what may be an obsession with ECRI Weekly Leading Index movement. With [...]
For a proposed rule that could affect millions of trades a year, the Security and Exchange Commission Rule 613 audit trail scheme has elicited minimal comment. In contrast, proposals relating to short selling have promoted deluges of comment letters, including so much from the lunatic fringe that the Commission has to triage the letters to [...]
Currency markets set the stage for a rampage by the yen today, as Japan’s denomination trounced the euro and some other currencies. “The yen traded near the strongest level in eight years against the euro as signs the global recovery is waning boosted demand for safer assets,” Bloomberg reported. “The Euro headed for a quarterly [...]
Few would disagree that the world’s vampire-like feeding on internet video, pornography, social media, and occasional legitimate information exchange has put a premium on bandwidth. Even in the dozen or so few years since the internet took off, the quest for bandwidth has become increasingly intense, resulting in a number of casualties including those who [...]
For years, Hollywood producers have worked rigorously to emulate the lives of traders, investors, bankers, C-suite executives, and real estate pros through film in effort to reveal a peek of their exciting and lavish yet stressful and dramatic lives to the world. Some have hit the nail on the head while others, well, not so [...]
The groundbreaking financial reform bill is to reach the desk of President Obama by the Fourth of July while the major banks, along with the over-the-counter derivatives markets – who will face a major regulatory face lift – await petrified. Among the major changes for big banks, according to the bill that is currently floating [...]
Discussing whether the recession is headed for a double-dip, with Nouriel Roubini, Roubini Global Economics chairman. Source: CNBC
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