Thursday, March 17, 2011

The Story Behind the Yen's Record Surge

Why the Japanese Yen Surged - WSJ.com

5 Characteristics of Successful People

5 Characteristics of Successful People

CHART OF THE DAY: How Long Could Japan's Post-Crisis Construction Boom Last?

CHART OF THE DAY: How Long Could Japan's Post-Crisis Construction Boom Last?

Economic Implications Of Japan Tsunami, Earthquake and Nuclear Crisis

Economic Implications Of Japan Tsunami, Earthquake and Nuclear Crisis : Planet Money : NPR

The Bank of Japan Poised for Battle of the Yen

The Bank of Japan Has a Major Battle Ahead - The Source - WSJ

Market Overvalued by 30% According to PE Ratio Valuation

Q4 2010 S&P 500 Earnings Show Fair Market Value = 868 (30% Overvalued)

AAII Sentiment Survey: Pessimism at Highest Level Since Last September


Inflation Watch: Measuring Inflation

Calculated Risk: Core Measures show increase in Inflation

Euroview: Swiss Franc A Good Barometer Of Risk

In times of extreme uncertainty the Swiss franc outperforms, and this week has been no exception.

A Complete Guide To Japan's $200 Billion Disaster And How It Will Affect The Global Economy

A Complete Guide To Japan's $200 Billion Disaster And How It Will Affect The Global Economy

Big Picture: Does the Market have Legs?

By Grant de Graf

WSJ reports:

"Factory operators doing business in the Philadelphia Fed’s district saw already-strong growth heat up further in March to the best pace in nearly three decades, as inflation pressures remained persistent.

"The Federal Reserve Bank of Philadelphia reported Thursday that its index of general business activity for manufacturers moved up to 43.4, the best reading since January 1984, from 35.9 the month before. Economists had been expecting a modest slowing in the rate of expansion, and had predicted the index would come in at a still very respectable 30.0. Readings over zero indicate expansion and describe the breadth of the change, not its magnitude."


Given the market's automatic adjustment mechanism in reconciling expectations with actual performance, the strong growth reading suggests that the market is scheduled for further appreciation this year, providing that the world can manage or come to terms with geopolitical and catastrophic risk. It's always difficult to call a bottom, but in the long term seemingly, there is still evidence of some reasonable upward momentum

Earthquake: No Impact on Japan's GDP - Goldman

FT Alphaville » Goldman sees no earthquake impact on Japan’s GDP

Perspective: Yen Volatility


By Grant de Graf

Yesterday at about 5pm EST the Yen made a major correction of over 5%. Guess what? Within about four hours that spike had been literally wiped out and gains were quickly parred. Reports suggested that because of the huge amount of foreign Japanese assets that would need to be liquidated to repatriate funds and pay for rebuilding, the USD/JPY was being hammered. After the Japanese government issued a statement that no foreign assets were being disposed, the market quickly corrected itself.

Yen Makes Correction

Remember That Unreal Yen Surge?

Demand for Spanish Bonds Robust

Spain Sells EU4.1 Billion of Bonds at Auction, Demand for Securities Rises

Spain Ramps Up Job Efforts

Spain Ramps Up Job Efforts

Irish Perspective on Bank/Sovereign Default

Irish Perspective on Bank/Sovereign Default « naked capitalism

Paul Krugman Suggests We're In A Liquidity Trap

Paul Krugman: Yes, We're In A Liquidity Trap - Brad DeLong's Grasping Reality with All Ten Tentacles

Calculated Risk: Housing Starts decrease sharply in February

Calculated Risk: Housing Starts decrease sharply in February

Q&A: Eichengreen on the End of Dollar Dominance

Q&A: Eichengreen on the End of Dollar Dominance - Real Time Economics - WSJ

Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion

Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion

World Nuclear Power Reactors | Uranium Requirements | Future Nuclear Power

World Nuclear Power Reactors | Uranium Requirements | Future Nuclear Power