But currency markets remain range bound...

On Tuesday the Council on Economic and Fiscal Policy (CEFP) released the 2009 Basic Plan for Economic and Fiscal Reform (known colloquially as the honebuto), available here along with other documents from the Tuesday meeting...

Imagine the following scenario. A small Italian town on the Swiss border. The customs officers, checking the passengers on a local cross-border train, notice among the usual workers making their daily commute to Switzerland a couple of well-dressed Asian men, one of whom is carrying a briefcase. When examined, the briefcase proves to have a false bottom...

When I traded the Nikkei during the nineties, every market rally was capped by a predictable flood of new equity issuance by cash starved, undercapitalized Japanese banks...