Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. Goodbye, Green ShootsThe FT's John Authers (video clip) on market reaction to today's US payrolls data, which were far worse than expected.Labels: bailout, economic indicators, employment, financial crisis, John Authers, US employment Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). Something Else To Worry AboutThe Financial Times' John Authurs on last week's other (besides the US jobs reports) big event affecting the markets:Long View: Eyes on the renminbi By John Authers Financial Times Friday Dec 5 2008 16:45 In a year when we have all grown used to extreme numbers, this week was book-ended by two shocking figures. Only one seems shocking at first to those outside the market. The news came on Friday that more than half a million jobs were lost in the US last month, the worst month in more than a quarter of a century. The week began with the news that the Chinese renminbi had depreciated by 0.73 per cent on Monday. This appears trivial by comparison, but generated almost as much concern as the news on US jobs later in the week. Why? Read the rest of the article Labels: China, currencies, financial crisis, Financial Times, John Authers Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). Carry Trade: Key To Understanding Crisis TurnA fine piece by the Financial Times' John Authurs on the unwinding of this trade, and the impact it has been having on the recent, otherwise partially inexplicable, US dollar strength. Understanding this trade is absolutely essential to understanding the turn the crisis has taken. Apologies for the image: it's the only link I can find to this article.Read the article "Chaos Carries a Risk for Emerging Markets" Labels: currencies, Emerging markets, financial crisis, John Authers, Yen carry trade Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). |
