June 2010

The European debt crisis has thus far unfolded as a sovereign debt crisis.  And the sovereign here is the national government.  This is particularly true in Greece. However in the coming months, it may become clearer that local…

China's Ministry of Commerce is on the wires saying it will monitor the yuan reform impact on Chinese export companies.   While China is a big exporter it is also a significant importer as well.  The increase in the yuan's…

Meredith Whitney was a guest host on CNBC at 8AM ET talking about an anticipated housing double dip. The videos are below. A few comments first.  Whitney was late to the recovery party in 2009 in my view. But I found the recent Rip…

Check out the related article at the Globe below. Where are the gals, pray tell? Hat tip Tracy Alloway Source: Inside the mind of the anonymous online poster - Boston Globe

Ideas that China will allow greater flexibility in the yuan, which for many means appreciation, will have positive impact on Latam currencies.   The Mexican peso and Brazilian real are leading the advance with about 0.66% gain…

This morning ECRI's Lakshman Achuthan was talking about the recovery on CNBC. His take is that the recent slowdown in GDP growth is normal for the recessions since before World War II so far. If we dip even more from here, we have trouble.…

Highlights The US dollar is generally softer.  News that China has agreed to make its currency more flexible has captured the imagination of the market and this has been expressed in what are regarded as risk trades.  Among the…

This week I have decided to do the weekly review both as a links post and in narrative form.  I have already posted the links of the most-read articles (see them here). In this weekly review narrative, I want to discuss the…

This week I am going to run the week in review posts both in links and narrative form.  Here is the links version. The narrative version is up next. The Week’s Most Popular Ghost Town Detroit PIMCO on British National Solvency…

Fannie and Freddie Cost of Fannie And Freddie Keeps Rising - NYTimes.com Related Posts May 2010: Banks Making Shed Loads But Fannie And Freddie May Be “Losing Money as a Matter of Policy” Jan 2010: Manipulating mortgages Sep…