Greek vs. California CDS Prices: Twins or Distant Cousins

Let’s begin today’s edition with a riddle:

What location in the world is famous for its sun-drenched beaches, azure seas, arid Mediterranean climate, rugged coastlines, olive trees, earthquakes, smoggy cities, hedonistic mythology, dismal government finances and well-preserved antiquities?

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Greek vs. California CDS Prices: Twins or Distant Cousins

Let’s begin today’s edition with a riddle:

What location in the world is famous for its sun-drenched beaches, azure seas, arid Mediterranean climate, rugged coastlines, olive trees, earthquakes, smoggy cities, hedonistic mythology, dismal government finances and well-preserved antiquities?

[Read more...]

Brazilian Rate Hike in March?

The dollar bulls were celebrating again on Friday, as the dollar rally continued. The recent strength in the US dollar will probably continue this week, as it looks like it will be fairly uneventful as far as data releases. We won’t have any reports out in the US today, and tomorrow will only bring the wholesale inventory number. Wednesday we will see December’s trade balance along with the monthly budget statement for January. Both of these numbers will likely reflect an ever-growing deficit here in the US, with a $50 billion monthly budget deficit, and a trade deficit just below $35 billion.

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