BK In the News
Latest Media Quotes
“The market has priced in the possibility of a full sovereign bailout for Spain, especially since gross domestic product growth for 2013 has been revised down to -0.5% from +0.2%” – Kathy Lien
Investors Business Daily – July 20, 2012
“The Germans are being strict that the liability stays with
the sovereign and all that does is exacerbate the debt burden of
the sovereign and the market doesn’t like that” – Boris Schlossberg
Reuters – July 19, 2012
“Bernanke’s noncommittal comments on QE3 are consistent with the central bank’s strategy of biding their time until there is unambiguous evidence that another round of asset purchases is necessary” – Kathy Lien
WSJ – July 18, 2012
“Initially the [US] dollar had rallied against all the major currencies as people had adjusted easing expectations because he didn’t mention it,” Kathy Lien, managing director of foreign exchange at BK Asset Management, told Bloomberg. “As he continued, people realised Bernanke overall remains pessimistic and didn’t send a clear-cut signal because he wants to buy time. The door is still wide open.” – Kathy Lien
New Zealand Herald, July 18, 2012
“What investors wanted to hear were clear signals on the timing for QE3 and unfortunately Bernanke failed to deliver,†said Lien. “He reiterated that the Fed is prepared to ease further if necessary, but declined to mention specific steps which means the door is open but they are still not ready to walk through it.†– Kathy Lien
Marketwatch – July 17, 2012
“There’s nothing new (in Bernanke’s testimony), and the fact that he avoided any mention of specific steps clearly indicates there is going to be no increase in asset purchases or new stimulus in August,” said Kathy Lien, managing director at BK Asset Management in New York. They are really just biding their time until the September meeting. This is far less dovish than the market had anticipated, which is why we’re seeing such a significant dollar rally.” – Kathy Lien
Reuters – July 17, 2012
“It’s very common for currencies to make fresh year-to- date lows and then bounce back on short covering,†– Boris Schlossberg
Bloomberg – July 13, 2012
The euro “may drift lower†against the Aussie now that it has fallen below the $1.2000 level, Boris Schlossberg, New York- based managing director of foreign exchange at the investment advisory firm BK Asset Management, wrote today in a note to clients. – Boris Schlossberg
Bloomberg – July 11, 2012
Boris Schlossberg, a currency strategist at BK Asset Management, said the euro could fall as low as $1.20 by the end of the month if more isn’t done to ease Europe’s debt crisis. – Boris Schlossberg
Washington Post – July 11, 2012
Latest Television Interviews
Tune In! Kathy Lien has a Weekly Spot on Sky Business at 4:15pm ET or 6:15am Sydney – Video Clips not Available Online
CNBC Money In Motion (July 20, 2012) – Kathy Lien
CNBC Money in Motion EUR/USD Trade
CNBC Money in Motion (July 19 2012) – Boris Schlossberg
Short EUR/USD Trade
CNBC Half Time Report (July 14 2012) – Boris Schlossberg
CNBC Half Time Report
Business News Network (July 12, 2012) – Kathy Lien
Outlook for Currencies
CNBC Half Time Report (July 12, 2012) – Boris Schlossberg
China GDP Trade
CNBC Half Time Report (July 10, 2012) – Kathy Lien
FOMC Trade