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By Joseph Trevisani |
January 5, 2009
The Chinese New Year does not begin until Jan. 26, but her economic future was foretold back in September and October when American consumer and credit spending collapsed leading the world into its
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By Joseph Trevisani |
December 22, 2008
In journalism, it is August when all the newsmakers are on vacation. The business movers are in the Hamptons and the political shakers are back in their Congressional districts, but the print pages
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By Joseph Trevisani |
December 15, 2008
Deflation is one of those semi-mysterious economic events that is often talked about but rarely seen. In simple terms, it is a general and persistent decline in prices. For the consumer that might
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By Joseph Trevisani |
December 8, 2008
On first analysis it would seem that the survival or demise of the American automobile manufacturers will have little direct effect on the dollar. The United States economy is no longer a
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By Joseph Trevisani |
December 1, 2008
In December 1989, the Nikkei Index for the Tokyo Stock Exchange closed at 38,915.87. Nineteen years later it is at 8,512.27. The current Bank of Japan (BoJ) overnight call rate is 0.3%, the lowest
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By Joseph Trevisani |
November 10, 2008
American equity investors are worried about the incoming Obama administration. The Democratic candidate’s campaign promises to raise capital gains and marginal tax rates are viewed by many as a
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By Joseph Trevisani |
November 3, 2008
The demise of the carry trade and its associated components is without parallel in the history of modern currency trading. But the extraordinary rise and fall of the carry did not take place in the
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By Joseph Trevisani |
October 13, 2008
The week past may have been the most wrenching in the history of U.S. equities. From Monday to Friday, the Dow lost 18.1%, the S&P 18.2% and the NASDAQ 15.3%. European and Asian bourses had their
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By Joseph Trevisani |
October 6, 2008
The subprime debacle and its dire effects on the American financial system have been on full display for more than a year. The attempts of the Federal Government and private investment to deal with
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By Joseph Trevisani |
September 29, 2008
The success of the Federal Government’s rescue of the U.S. financial system may not be known conclusively for several weeks or even months. But the currency market reaction is already charted. From