Obama's Faith in Dollar Strength
Obama's belief that "the dollar is extraordinarily strong right now" is absolutely right at the moment, says Benjamin Pedley MD & investment strategist at LGT Investment Management (Asia).
Dollar to Trek Higher
Gary Shilling, president at A. Gary Shilling and Company, says the idea of a global currency is long way off and the dollar will remain the default safe-haven and reserve currency at a time of international stress. He talks to CNBC about the greenback's outlook and the upcoming G20 summit.
Dollar to Remain Under Pressure
Following the announcement of the U.S. toxic asset plan, the dollar is likely to remain under pressure in the short term, predicts Ulrich Leuchtmann, head of FX research at Commerzbank.
Obama Needs to Dial Down Rhetoric
Obama is going to have to dial down the rhetoric a little bit if he wants to get the hedge funds on board to facilitate the toxic asset plan, says Benjamin Pedley MD & investment strategist at LGT Investment Management (Asia).
Bank Plan Positive for Larger Institutions
Andrew Marquardt, senior bank analyst at Fox Pitt Kelton says larger institutions will most likely benefit from the government's bank plan because they have been more aggressive in writing down problem assets.
Time to Make Changes in Regulations
Gary Shilling, president at A. Gary Shilling and Company, says a problem with government regulation is that if it is overdone, it stifles innovation and risk-taking. He discusses the likelihood Washington will be given power to wind down troubled non-bank financial institutions.
The Impact of Corporate Bond Buying
"Corporate bond buying will have very little impact on the markets. I hope it can increase liquidity a little bit, but I don’t think it will not give us much performance," Willem Sels from Dresdner Kleinwort said.
Yen Looks Risky