2010

Highlights The US dollar is trading heavier today as Asia and Europe sold into the strong gains scored in North America yesterday following yesterday’s surprise Chinese rate hike.  Of the majors, the euro and Australian dollar are…

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A few months ago I was running through some out of the box thinking for how the Fed might be able to give quantitative easing more of an impact. Not that I think the Fed should go QE, but if they do, the question is what should they do.…

Simon Johnson, a former chief economist for the International Monetary Fund and author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, says the recently passed Dodd-Frank Financial Reform Act does little to…

by Vedran Vuk filling in for David Galland Facebook will certainly be talked about in business books for a long time, but will it be the endless growth story that many predict? With a possible IPO in a few years, I thought to myself,…

This is the Golden Age of Fed Watching. And we’ve done our fair share. On a day when we have speeches from 5 Fed presidents and 1 governor, what more is there to say that hasn’t already been said? Faith in the Fed is high, and capital…

Felix Salmon is right.  This is going to be a big, big problem for the financial institutions. A group of investors holding $16.5 billion of mortgage bonds took a step toward a possible suit against a Bank of America Corp unit for…

Manuel Marfán, vice-governor of the Central Bank of Chile, told CNBC Europe Tuesday that the Chileans are concerned about what is happening in the currency markets. He said their first responsibility was to be "good global…

by Win Thin We don’t think that the timing of the PBOC hike was any coincidence, as the monthly data deluge from China is scheduled for October 21.  It appears that price pressures and bank lending remain too strong for the…

by Michael Pettis The PBoC has just announced that it is hiking the one-year lending and deposit rates by 25 basis points. Here is what Bloomberg says: China raised its benchmark lending and deposit rates for the first time since 2007…