Daily Archive: Monday, October 25, 2010

Japan- Govt Seeking Y340bn For Extra Budget

The only nation going in this direction? Probably too early to short the yen, but keep an eye on it… Govt Seeking Y340bn For Extra Budget TOKYO (Nikkei)–The government is looking to secure 336.9 billion yen in a supplementary budget for fiscal 2010 to implement its new growth strategy, The Nikkei learned ...Read More

Pound Set for Pain as Cuts Push King to Print Money

The UK is tightening fiscal policy while the CB is enacting QE. The market thinks that this will substantially weaken the pound, is that the correct logic no. but drives short term portfolio shifting and specs or is QE not real money printing and the tight fiscal is the real force to ...Read More