2010

From the Friday BBH FX Special. Also see Win Thin's Thursday comments on this here. Recent weeks have seen much talk about "currency wars". This talk suggests that many countries are seeking the devaluation of their currencies in…

About 30% of home sales are distressed properties. Closings and future purchase contracts on distressed properties may not take place while a foreclosure moratorium is in effect to sort out title and foreclosure issues with recent vintage…

I haven't been writing about the foreclosure documentation crisis because I have been more focused on the 'currency war'. But I want to flag  three posts I wrote about this time last year on the mortgage and securitization market…

Topic of the day: Foreclosure Mills Ezra Klein - 'This is the biggest fraud in the history of the capital markets' Foreclosure Fraud For Dummies, 1: The Chains and the Stakes « Rortybomb Why TARP was wrong, Arnold Kling | EconLog |…

How a financial crisis morphs into a currency war: A history of the crisis to date and how it has led to the escalating rhetoric of a so-called currency war. Bubble Trouble In Finland?: Edward Hugh analyses the above-trend house price…

Is there a data series more highly anticipated and thoroughly parsed than the monthly nonfarm payroll release by the BLS? Probably not. But we’ll throw a few graphs onto the pile anyway. The headline Establishment Survey number came in at…

Wouldn't it marvellous if the Fed could get the positive effects of quantitative easing on asset prices without actually having to ease? This whole debate about QE in the United States has been driving asset markets higher (both bonds and…

Here is something interesting.  The Chinese have reversed policy on diversification into the yen. It was my assumption that the Japanese government's objections would be acknowledged by the Chinese and that they were not the most…

Topic of the Day: Global Volatility Morgan Stanley - No ‘Currency War'...Yet Bubble fears as emerging markets soar - FT.com Rajan: Beggaring the World Economy - Project Syndicate Why a tougher Stability and Growth Pact is a bad…

Morgan Stanley has an interesting piece out today, arguing there is  no 'currency war'... yet. Win Thin made some points on this score yesterday, pointing to real effective exchange rates in developing countries. Morgan Stanley's Manoj…