Columns

Currencies
As of 05/13/08

Lombard Street Research

Daily Note: A GCC bad bet

WE SUGGEST: Re-pegging of GCC currencies postponed, still likely SUMMARY: A political determination to retain dollar pegs and a renewed commitment to a common currency by 2010, have dampened speculation in GCC currency revaluations. But inflation keeps accelerating. Faith in a common currency or dollar strength as inflation panaceas is likely to prove misguided. The case for revaluation remains as strong as ever. It will just take more time. Read more

Economy News

Northern Trust

Daily Notes: Mild Moderation in Consumer Prices

The Consumer Price Index (CPI) rose 0.2% in April after a 0.3% increase in March. On a year-to-year basis, the CPI increased 3.94% in April, down from a recent high of a 4.31% year-to-year increase in November 2007 (see chart 1).

The energy price index held steady in April after a 1.9% jump in March. In an environment of rising energy prices, this reading raises many questions and calls for a clarification. Read more

Nolte Notes

Weekly Commentary: Inflation Fear

Just as those long ago disc jockeys (when vinyl ruled the day) got disgusted with whatever they were playing would drag the needle across the record, jarring the listener who might actually like the song – today’s financial markets may be jarring investors. Investors were getting used to Happy Days are Here Again playing on the radio, but then the scratch from both Citigroup and AIG forced investors to sit up and take note.  Read more

Global Economics

Source: Bloomberg
(As of 04/29, Updated monthly)