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Yen surge overshadows Japan unemployment drop
A fall in Japan’s jobless rate pointed at a recovery in the world’s number two economy Friday, but the government fretted that the surging yen could again derail the export-reliant nation.The fall in unemployment—the third successive drop—co...
Wall Street – The sky is falling
Dubai is built on imported sand islands, its economy is all about tourism and oil and . . . . they can't pay their bills; American investors are worried.The rush for the door pushed the index of blue chip US companies down 2.2pc. The broader S&P...
The Yen\'s Perfect Storm
The Yen's Perfect Storm escalated overnight amid the combination of unexpected decline in Japanese unemployment and falling global equity futures following the Dubai fallout. FX traders shall be eager to find out how Japanese officials will follow u...
The Forgotten Economic Depression of 1920
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often de...
Paul Krugman: Taxing the Speculators
Is it time to impose a financial transactions tax?: Taxing the Speculators, by Paul Krugman, Commentary, NY Times: Should we use taxes to deter financial speculation? Yes, say top British officials... Other European governments agree — and the...
Restructuring ‘A Sensible Business Decision’
The Dubai government sought to reassure markets about its plans to seek a six-month delay in debt payments for its flagship Dubai World conglomerate. The government said the restructuring plan was “a sensible business decision” that aims to ens...


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Posted: September 26th, 2009 | Report This Comment