Post Tagged with: "China"

11th Managing Director of the International Monetary Fund

Notes From Underground: Christine Lagarde Is Quietly Raising Her Voice

by / on 10/15/2012, 1:54 AM / in Today's Economy, Stock Market News

The IMF took center stage during the last four days as its meeting in Tokyo became the central focus of the global macro world. As usual, the IMF communique promised much via the usual platitudes but as investors and traders we are left in the lurch as much is promised but no real substance is revealed. Probably the most important element […]

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Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

by / on 09/20/2012, 12:20 PM / in Today's Economy, Stock Market News

And by the end of trading the YEN had reversed its initial weakness and wound up stronger–the 24-hour trading range was 79.20-78.25, with the settlement at 4:00 p.m. CST, 78.37. It seems that the market will not allow the BOJ (Bank of Japan) to do less than the ECB or the FED. BOJ Governor Shirakawa raised the asset purchase program to 80 […]

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Notes From Underground: Happy and Healthy New Year to All of Those Celebrating

Notes From Underground: Happy and Healthy New Year to All of Those Celebrating

by / on 09/17/2012, 1:02 PM / in Uncategorized

Last week we covered a great deal of ground on the economic front as the world’s central banks, from Beijing to Washington were busy generating versus types of stimulus programs. The Chinese government aided the cause by announcing an infrastructure program of $157 billion in an effort to generate even more stimulus to a slowing economy. As the Chinese authorities […]

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