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Obama: US willing to up savings, Germany and China need to up dometic demand

By   || April 16, 2010 at 18:09 GMT
|| 4 comments || Add comment

As part of the G20 framework, Obama says the US is willing to raise its savings rate but purely export-driven like China and Germany must improve domestic consumption. How they do that is up to them, he says.

Markets are backing and filling, with risk aversion easing a bit as stocks climb off their lows. With any luck, the worst is over for EUR/JPY, AUD/USD, etc…

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4 Responses to “Obama: US willing to up savings, Germany and China need to up dometic demand”

  1. Matthew on April 16th, 2010 18:22 GMT

    Hey Jamie,

    Great job today staying on top of the madness.

    Based on this post http://www.forexlive.com/100215/all/very-large-bid-surfaces-at-92-50-in-usdjpy about the $250 bid at 92.50, would you say it got stopped out?

  2. Jamie Coleman on April 16th, 2010 18:24 GMT

    Sorry? I don’t understand the question. The 92.50 bid was, by definition, a buy order. Whether or not the buyer turned around and sold them lower, I have no way of knowing…

  3. Annie on April 16th, 2010 19:39 GMT

    Trout season starts tomorrow. I am going to have great time because of all of your timely wisdom that you share. Thank you have a great vacation.

  4. fmsn on April 16th, 2010 19:53 GMT

    Jamie, if you haven’t taken off yet, remember to have a pint or three in excess of what’s good for any sane man :D Awesome work here. Enjoy your time out.

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