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A SURPRISE fall in the unemployment rate yesterday sent the Australian dollar through US90c, pushed the sharemarket sharply higher and ensured the Reserve Bank would deliver more interest rate rises before year's end. The dollar surged US1.28c to ...
The Australian dollar was higher today after posting a fresh 14-month high during the morning session. But the currency drifted back towards 90.5 US cents after reacting negatively to a private-sector survey which showed a slight deterioration in ...
A year after the collapse of home values triggered the financial crisis and Great Recession, another rapid and irrational rise in the price of assets — whether stocks, home values, oil or something else — would seem unlikely. After all, major ...
In the summer of 2007, Bear Stearns confessed it had spent $3.2 billion bailing out two of its funds that were exposed to the sub-prime market. At the same time, the yen carry trade marked its top. Soon thereafter, Bear Stearns went belly up, and the ...
Todd Harrison, founder and CEO of Minyanville, has eighteen years of experience on Wall Street. After graduating from Syracuse University with honors (1991), he spent seven years on the worldwide equity derivative desk at Morgan Stanley (vice ...
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