Posts Tagged ‘2/10’

Notes From Underground: British Currency Gets Pounded

December 16, 2010

Yes, the dollar rallied Wednesday as the U.S. Treasury curve continued to steepen but European and British news was very negative. The potential downgrade of Spain and German Parliamentary battles roiled the European currencies. In Germany, politics are being played out to see if the economic locomotive of Europe is going to be more European or more German. A Financial Times op-ed by Frank-Walter Steinmeier and Peer Steinbruck set the tone for the battle lines. These are political heavyweights as Steinmeierwas foreign minister and Peer Steinbruck was finance minister in the first Merkel administration so their voices are louder than others.

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Notes From Underground: CNBC- Fed is ‘Stuck’

December 15, 2010

Click on image to watch me on CNBC.