February 5, 2010 I was on the Business News Network talking about this morning’s U.S. and Canadian employment reports. Click on the image to access the video:
Posted in 2009 canadian dollar, Forex TV, forex blog, forex trading videos
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February 2, 2010 I was on CNBC Europe this morning talking about Volcker’s speech today and outlook for ECB and BoE rate decisions
Posted in CNBC, forex blog
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February 2, 2010 Had a short quick hit on CNBC Australia yesterday - I was running soooo late!
Posted in CNBC, forex blog
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February 1, 2010 The U.S. dollar has had an incredible run over the past 2 months, leading many traders to wonder whether the dollar is overvalued. The answer is NO. Based upon purchasing power parity, all of the major currencies are still very overvalued against the U.S. dollar - particularly the Aussie.
What does this mean? From a valuation stand-point, the dollar still has room to rise.
Posted in US Dollar
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January 29, 2010 The Great Recession is now in our rear-view mirrors and with GDP growth of 5.7 in the fourth quarter, the recovery looks well underway. However, the surge in growth is unlike anything we have seen in a while. The recessions of the early 2000’s and 1990’s saw inconsistent growth after the recession ended. After the 2001 recession, growth peaked at 3.5% before falling back to 0.1% by 2002. The early 90’s recovery saw growth reach 4.5% before declining to a tepid 0.7% a year later.
However the 1980s recession may once again be our best guide for how the current recession may fare.
The recession ended in 1982 and by 1983, the U.S. economy was growing at extremely healthy rates. Between Q1 of 1983 and Q2 of 1984, average GDP growth was more than 7 percent. This is not to say the U.S. economy will replicate this pace of growth in the quarters ahead, but we have previously seen the rubber-band effect after deep recessions and there is no reason why it couldn’t happen again.
Posted in GDP
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