EU Flags the Risk of Debt Snowballs in Southern Europe – Irony or Tragedy?

As it seems that we are finally about to get something which resembles a stable summer here in Denmark it may seem strange to suddenly start talking about snowballs. Yet, the idea of debt snowball is very relevant in the current environment as it relates to the potentially unstoppable development in public/domestic debt levels . . . → Read More: EU Flags the Risk of Debt Snowballs in Southern Europe – Irony or Tragedy?

Structural Change in the Indian Exchange Rate Regime

The rupee/dollar rate has gained in flexibility. In order to visualise what has changed, it’s useful to look at a graph of the time-series of weekly percentage changes, expressed in absolute terms. That is, a change of -3% or +3% is shown as a bar of height 3 in this graph:

The vertical blue . . . → Read More: Structural Change in the Indian Exchange Rate Regime

Economic Events on June 16, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 7.3% last week, which is the first increase since the second financial stimulus program for home sales came to a close at the end of April.

At 8:30 AM EDT, the Housing Starts report . . . → Read More: Economic Events on June 16, 2010