It is now confirmed that the US housing and labor market is in serious trouble. New home sales broke below the 500k make or break mark for the first time in 17 years. The last time we saw new home sales at these levels was during Bush Senior’s Administration. Jobless claims also [...]

Posted in Bloomberg, Forex, Forex News, Forex Podcast, LIBOR, TED Spread, forex blog, paulson dollar 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 7:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- Results of Fed’s Term Auction Facility
- Markets React to ECB’s $500 billion Loan
- Morgan Stanley has Wider than Expected Loss, China Will Invest $5 [...]

Posted in Bank of England, Bloomberg, ECB, FX Radio, Federal Reserve, Forex Podcast, Japanese Yen, LIBOR, Subprime, Trichet, US Dollar, US Treasuries, Wall Street Journal, china No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 09:06 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
- Verbal Intervention from Germany?
- Bank of Canada Lowers Interest Rates
- JPMorgan Downgrades Goldman, Morgan Stanley, Merrill and Lehman
- Goldman’s Cohen Sees S&P 500 Up [...]

Posted in Bank of Canada, Bank of England, Bloomberg, Canadian Dollar, Crude Oil Prices, ECB, FX Radio, Federal Reserve, Forex Podcast, Japanese Yen, LIBOR, US Dollar, US Economy, USD/CAD, Wall Street Journal, retail sales No Comments »

The big story of the day is the sharp rise in LIBOR rates. This morning the LIBOR rate in Euros increased to the highest level in 6 years while the rate in dollars increased to the highest since September 17. This has caused central banks around the world to offer additional “emergency funding.” [...]

Posted in Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, LIBOR No Comments »