The Opportunity Cost Of Green Shoots

JPM’s Michael Cembalest with a terrific compare and contrast between the current economic situation and that of the 70′s. Useful to not that no matter how many contrasts on draw to previous major recessions, what we are living through now is so much more than a simple manufacturing recession as Rosie keeps pounding the table. [...]

Obama’s New Strategy on China is USD Negative

The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US [...]

(BOC) Bank of Canada Releases Monetary Policy Report

In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Heightened uncertainty is undermining business and household confidence worldwide and further eroding domestic demand. Major advanced economies, including… Read more….