Posts Tagged ‘Caterpillar’

Notes From Underground: Geithner and Schumer put more dung on the fire to heat up the Chinese currency battle

September 19, 2010

The news over the weekend was was not market moving. The Center Right coalition in Sweden looks to win re-election, which is a very rare occurrence in the model welfare state of Europe. The Swedes have weathered the recent financial crisis fairly well, since they learned their lesson from the financial pains they endured in the early-to-mid 1990s. In fact, the Swedish crisis has provided some of the best solutions for policy markers in the U.S. and Europe as they seek ways to ameliorate the credit stresses that have been plaguing the developed economies for two-plus years. The biggest problem for the Swedes is the anti-immigration party of Democratic Sweden polled stronger than anticipated, which means they will have seats in Parliament for the first time. The move to the right is something to watch for in the EU as the fiscal austerity programs begin to take hold. If the right can rise in the Swedish Utopia, governments in the rest of Europe have to take note.

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Notes From Underground: Kan faces a big test within the DPJ–can he remain prime minister?

July 11, 2010

The biggest story from the weekend was the release of the Chinese trade numbers and surprisingly the export component rose 44 percent year-over-year, while the imports slowed resulting in an increase in the trade surplus.We know that this will not play well in Washington and will provide fresh fodder for the protectionist drumbeat that is looking for more participants to march along.

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