2010

by Win Thin We continue to be concerned about contagion risks in the peripheral euro zone.  The package for Ireland has ultimately been shrugged off by the markets this week after initial gains in the euro and peripheral bond…

by Win Thin The won has been one of the worst performers so far today due to developments in the Korean peninsula.  Clearly, North Korea is trying to make a statement to the West with its recent saber-rattling, and reports of the…

Highlights The US dollar is higher as the markets seek safe haven after North Korea fired artillery shells at South Korea and the euro zone jitters continue. With the upcoming US holiday dampening volume the euro continued its choppy…

Jonathan R. Laing reports in Barrons that the exposure of U.S. banks to liability for putbacks of defective MBS (mortgage backed securities) is greater than the $52 billion reported last week from the findings of the COP (Congressional…

A cross post by Rick Bookstaber which originally appeared on his blog. My last post posited a future world where technology-driven production and consumption lead to a secular drop in demand, and with it a drop in employment, resulting in…

Randall Wray advises us to support Representative Kaptur's bill and restore the rule of law Every link of the home finance food chain promoted fraud—from mortgage brokers and appraisers who conspired to overvalue property to stick buyers…

I was just having an argument/debate about quantitative easing. Marshall Auerback, Randy Wray and I all have posts here at Credit Writedowns which explain that quantitative easing does not create new net financial assets and is merely an…

by Win Thin Brazil press is reporting that President-elect Rousseff won’t ask central bank chief Meirelles to stay on after she takes office January 1, and repeats earlier speculation of changes to the economic team.  We have been…

by Michael Hudson Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.” But banks are not…

Omid Malekan produced a great video called "Quantitative Easing Explained" which we posted here a little over a week ago. The video has really hit a nerve because it resonates with people's sense of outrage. Kevin Depew, the Editor-in-Chief…