Interesting chart pattern developing in the Euro. On the daily chart the Euro is making a rounded bottom and appears to be headed for the downtrend line:
I would not be surprised to see a run up to the 142 area that would close the gap on the chart. Just as we had a one sided [...]
The Wall Street Journal carried a short editorial with this title last week concerning the price of various credit default swaps:
Along with giving Ben Bernanke another term, the Senate voted yesterday to boost the federal debt ceiling by another $2 trillion to a titanic $14.3 trillion. Yet as Democrats debate whether to use the headroom to launch [...]
Every time the dollar rises the talking heads parrot the line about the US dollar being a safe haven. The same is often heard of the Japanese yen, that when risk appetites wane, investors rush to yen and dollar assets:
TORONTO (Dow Jones)–The dollar and the yen have advanced Thursday, gaining from renewed interest in safe-haven [...]
Societe Generale has two recent reports that are gaining them some publicity for their pessimistic view of the world economy. The first report is literally titled Worst Case Scenario and lays out the Bear Case in pretty stark terms (via the Telegraph):
In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue [...]
