Markets

NOMURA: The Euro May Hit $1.20 Even Before The Greek Elections

[credit provider=”ceesjw (Cees Wouda)” url=”http://www.flickr.com/photos/ceesjw/4881555885/”] In a conference call yesterday, Nomura analysts made some bearish predictions about the outcome of the euro crisis, predicting a that a “decisive moment” for Europe will come sometime in the second or third quarter of this year.This escalation of fear and risk, as well […]
NOMURA: The Euro May Hit $1.20 Even Before The Greek Elections
News

Inside The Shady Offshore Finance Networks Of The Chinese Elite

[credit provider=”Flickr – Sharon Drummond” url=”http://www.flickr.com/photos/dolmansaxlil/5495909760/”] HONG KONG, China — For some rich Chinese, the desire to secretly move vast sums of money out of the mainland isn’t just urgent — it can be a matter of life and death.A violently lurid illustration comes in the form of Gu Kailai, […]
Inside The Shady Offshore Finance Networks Of The Chinese Elite
Markets

MORGAN STANLEY: Argentina’s YPF Nationalization Is Stealing Attention From Much Bigger Problems

[credit provider=”AP” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=argentina%201989&showact=results&sort=creationdatelower%3Aalphabetical&intv=None&sh=10&kwstyle=and&adte=1300468526&pagez=60&cfasstyle=AND&rids=c9688825fae6da11af9f0014c2589dfb&dbm=PY2000&page=1&xslt=1&mediatype=Photo”] With Argentina seeking to nationalize its largest oil company, Morgan Stanley’s Daniel Volberg sees increased odds of a hard landing.“Policy radicalization” has suddenly become the top risk in the country.
MORGAN STANLEY: Argentina’s YPF Nationalization Is Stealing Attention From Much Bigger Problems
Markets

Seven Observations About The Yen

1. The yen was the weakest of the major currencies in Q1, losing about 7.2% against the dollar. There was a clear shift in both speculative and portfolio flows. The net speculative position in the IMM futures shows a swing from near the largest long position in a decade to […]
Seven Observations About The Yen
Markets

The Macroeconomic Problems Emerging For 2012

Even though India left interest rates unchanged this morning, as broadly expected, there were hints of rate cuts to come from the central bank governor, leaving scope for rates to come down from the current 8.50% level. The pattern we have seen in the BRICs recently (Brazil, Russia, India and […]
The Macroeconomic Problems Emerging For 2012