Late Night Reading

Thursday, August 07, 2008 | 08:15 PM

A few tidbits for your evening amusement:

Confessions of a risk manager (The Economist)
An insider explains why it is so hard to stop traders behaving recklessly

Financial Cowboys Need to Be Lassoed, Corralled (Bloomberg)

Repel the calls to contain competitive markets by Alan Greenspan (FT)

Uncle Sam's Wonderful Fantasy (Barron's)

Discounters Make July Gains (WSJ)

Economists: Most Stimulus Went Into Savings (Real Time Economics)

How to build a US recovery by Lawrence Summers (FT)

The Difference between a bull market and a rally in a bear market (Barron's)

8 who saw the crisis coming......and 8 who didn't (Fortune)
One year after the credit crunch began, Fortune looks back at who saw trouble ahead, and who just ended up in trouble. (Warning -- click whoring at its finest)

Thursday, August 07, 2008 | 08:15 PM | Permalink | Comments (9) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Late Night Reading:


Most of you are aware that the weaker dollar helps the earnings of multinational corporations based in the US in two makes our exports price competitive and when foreign earnings are converted back into dollars, more dollars come back. The dollar is now baouncing. In fact, from my dollar chart we see first that the dollar has broken above its 200 day MA. Second, by looking at the 65 day (1 quarter) moving avg of the dollar index, we can get a rough idea of how foreign revenue was boosted by the weaker dollar. For example at qtr end on June 30 the dollar was at 73 vs 82 a year y/y, foreign revenue got an 11% boost. this is quite a boost to earnings. Looking forward though, I believe that if the dollar continues this bounce, by 12/31/08, the boost will be practically zero. Next year it could start hurting foreign revenue.

Posted by: Steve Barry | Aug 7, 2008 8:56:10 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™