The U.S. is leading the charge against the Chinese government to revalue its currency. The majority of the world including the IMF is along side the U.S. in their opinion that the Yuan is significantly undervalued and is hindering the global economy. Additionally, some US Senators believe the Yuan is undervalued by as much as [...]
Author Archives: Elliott Choquette
Greek Debt Woes are Back
Greek debt fears have surfaced once again as the EU continues to deliberate over the source of funding. The indecisiveness of the EU in the past week has lead to a sell off in bond market with Greek 10-year yields reaching 6.265% significantly above historical levels of 4.5% and recession lows of 6%.
Greece will need [...]
Posted on March 22, 2010 – 5:50 PM
Basel Committee Proposes New Bank Regulations
The financial crisis and recession of 2008 and 2009 has exposed flaws in the global financial system. As we enter 2010, regulators and governments are now are considering radically restrictive regulations proposed by The Basel Committee on Banking Supervision. The committee is spearheading financial reform worldwide with the release of a new consultative proposal aimed [...]
Posted on February 18, 2010 – 2:46 PM
Greek Debt Worries the World
Greece continues to worry the world as it faces significant liquidity and debt issues. The Greek deficit amounted to 12.7% of its GDP in 2009, which far exceeds the 3% maximum set by the European Union. Additionally, Greece has fraudulently prepared its financial statements to show a reduced deficit and debt burdens since 2001. This [...]