2011

By L. Randall Wray The following is a paper given at the ASSA conference in Denver this past week for a panel organized by James Galbraith, titled Pressures on the Paradigm, sponsored by Economists for Peace & Security. The Queen…

By Marc Chandler and the BBH Currency Strategy Team Europe’s debt crisis remains among the most important factors in the global capital markets. By some market-based measures, like interest rate spreads and credit default swap prices, the…

There are no absolutely safe sovereigns — ‘rates analysis’ has to be done simultaneously with ‘credit analysis’ for all sovereigns, including the G3. There are likely to be several sovereign debt restructurings in the euro area…

I spoke to Paul Waldie on BNN this past Friday about the US and Canadian jobs reports. The BBH note that morning on the risk of “buy the rumor sell the fact” ahead of the jobs report was on the money. After the stellar ADP data on…

By Win Thin Brazil announced that it is allowing its Sovereign Wealth Fund (SWF) to trade currencies and currency derivatives (futures).  The SWF is managed by the Treasury, and so this gives the authorities another channel through…

By Rick Bookstaber (A cross post by Rick Bookstaber which originally appeared at rick.bookstaber.com.) The following reflects my views and not those of the SEC or its staff. Where will Facebook be in ten or fifteen years? In our…

By Win Thin Even though Greece, Portugal, and Ireland bonds are trading firm today, don’t be fooled into thinking markets are getting more constructive.  ECB has reportedly been actively buying today, and so bond spreads are not…

I saw this video before but after reader Rick e-mailed it to me I decided to post it. The headline is the interesting part. Greenspan believes the double dip scenario has been off the table for a number of months and that the wealth effect…

By Edward Hugh The recent decision of the Turkish Central Bank to lower rather than to raise interest rates in an risky attempt to quench the inflation flames that many feel are threatening to engulf what some call an “overheating”…

By Annaly Capital Management The next voice to be heard in the debate on the future of housing finance in the United States will be that of the Treasury Department, which is slated to release its report on the subject sometime this month.…