Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Markets
Foreclosure Moratorium – What Does it Mean for the Housing Market?
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…
Foreclosure crisis much deeper than robo-signers
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…
Helicopter Ben and his QE II having an effect on Japan and the yen
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…
US Jobs Data Takes Center Stage
Highlights The US dollar is firmer amid last minute positioning just ahead of the employment data. With another round of asset purchases continues to seem probable, even though FOMC voting member Bullard and non-voting Dallas Fed’s…
EM Real Effective Exchange Rates Hardly the Stuff of Competitive Devaluation
by Win Thin With all this talk about currency wars, several points need to be made. The most important one that we have been stressing is that EM currencies are stronger now than they were a year ago, hardly the stuff of competitive…
Stephanie Pomboy: Cautious on Broader Economy But Also on Bonds
Stephanie Pomboy, president of Macromavens LLC (and a college classmate of mine), talked to Pimm Fox on Bloomberg TV's "Taking Stock" about the Federal Reserve's efforts to boost the U.S. economy by lowering interest rates and…
The US dollar remains under relentless pressure ahead of jobs report
Highlights The US dollar remains under relentless pressure. Even though the ADP has tended to under under-estimate private sector job growth, the unexpected weakness reported yesterday is the latest catalyst for expectations of…
Quantitative Easing’s Effects on Stocks are Positive. What about Gold?
Jim Bianco was on Bloomberg TV on "Taking Stock" talking about the US dollar. Bianco also discussed Federal Reserve monetary policy, US stocks and corporate earnings. Bianco makes a few points on monetary policy that I made,…
Gold and the Punchbowl
I have just been listening to Ben Davies' podcast (see also FT Alphaville here) from Hinde Capital about the funding issues of the Japanese government and the points he makes are important. I have used the metaphor of Japan as a bumblebee…
Increase in Purchase Mortgage Applications May Be Temporary
Mortgage applications increased last week for both refinancing and for purchase. The MBA (Mortgage Bankers Association) reported today that the application activity amounted to a "flurry" that might have been prompted by a tightening of…