Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Banks Making Shed Loads But Fannie And Freddie May Be “Losing Money as a Matter of…
The FDIC is out with its Quarterly Banking Profile for Q1 2010. And despite a rise in the FDIC's 'Problem List of Banks' to 775 in Q1 from 702 at the end of 2009 and 552 in Q3 2009, banks earned a ton of money – more than $18 billion in the…
Where’s the Land of Opportunity These Days?
By Doug Hornig, Casey Research
Recent decades have witnessed an amazing shrinkage of the American manufacturing sector, from #1 in the world to virtual non-existence. Companies, taking advantage of cheaper labor costs abroad, have…
China’s yield curve flattens further
On China via Andy Lees of UBS: The yields on two sets of bills moved in opposite directions. The PBOC issued 3 month bills at a yield 4bpts higher than the prevailing rate, whilst 3 year bill yields fell 2bpts. “The divergence underscores…
Interview: IMF’s John Lipsky on the Euro and the Greek Aid Package
In an interview with Dow Jones Newswires, John Lipsky, First Deputy Managing Director of the International Monetary Fund, answers questions about taking action on the euro and intervention in Greece. Also see IMF Official: Euro’s Slide Not…
Europe Still in Denial
As noted in the daily, Eurogroup head and Lux Prime Minister Jean-Claude Juncker has played down need to intervene in the foreign exchange market, saying there was no need to defend the euro. Yet in the same interview, he claimed that…
Links on the German shortselling ban and more
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Click here to become a fan and have CW posts show up on your Facebook…
BBH CurrencyView: Euro Gets Some Relief, for Now
Highlights We are seeing some respite for the euro but the underlying bearish forces have not gone away and this latest bounce is a good selling opportunity. The single currency rallied to a high $1.2437 in early European session (nearly…
China: Time to Admit To, Then Douse, Our Inflation Fire
I don't buy into the core inflation number that the press or Federal Reserve use. Today's Wall Street Journal has an article on the front page entitled "Inflation at 44-Year Low." When you read further, you realize they are using…
Germany has most to gain from euro weakness
The fall in the euro is not completely accidental. Indeed, many in the Eurozone see the decline as an opportunity instead of a sign of weakness. Nevertheless, it is not clear to me that the Greeks or the Spaniards will gain from the decline…
Short Euro Liquidation
Because of short covering, we may eventually see a much larger reversal in the Euro than we have seen to date. And although I recently noted that the Euro was still overvalued on a purchasing power parity basis, nothing goes down in a…