financial news

Tehelka - BRIC is a thing of the past. All eyes are now on CIVITS TheDC OP-ED: One nation, under fraud | The Daily Caller - Breaking News, Opinion, Research, and Entertainment Chairman Bernanke Presents a Case for QE2 - Asha Bangalore,…

Credit Writedowns Hungary Gives Markets A Dose Of Reality, Go Short HUF | Credit Writedowns The Broken Cash Register | Credit Writedowns Josh Rosner on Problem Loans in Banks' Mortgage Backed Securities | Credit Writedowns Bank…

Highlights The US dollar remains soft, but within yesterday’s trading ranges, as the market awaits Federal Reserve Chairman Bernanke’s speech early in the North American session (8:15 EST/12:15 GMT) on “Monetary Policy Objectives and…

Topic of the Day: Foreclosures Since we haven't really covered the foreclosure crisis here, I will use today's links to point you to some articles on the topic. Hopefully this gives you a comprehensive look into what is happening.…

US headline PPI came in somewhat higher than expected at 0.4%.  Weekly initial jobless claims were a bit stronger than expected and the US trade deficit was wider than expected.    The trade balance, adjusted for…

Topic of the Day: Foreclosures Michael Hudson: Boiler Rooms and Foreclosure Mills: A Brief History of America's Mortgage Industry A “Gate” Worthy of the Name—”ForeclosureGate” : CJR Also see: Xenophobia in Europe Extreme…

Highlights The US dollar is mostly lower as shorts get re-established after yesterday’s squeeze.  The contrast between The ECB’s continued commitment to an exit strategy, leading to firmer euro zone interest rates, while the FOMC…

Credit Writedowns Dollar Enjoys a Broad Correction | Credit Writedowns Hitler finds out Obama won't sign HR3808 | Credit Writedowns The Folly of Competitive Currency Devaluations | Credit Writedowns Bond Bubble? | Credit…

Highlights The US dollar is enjoying a broad correction against most of the major and emerging market currencies.  The Japanese yen is one of the of the few exceptions and it is largely sidelined with the greenback confined in a…

Credit Writedowns My thoughts on the 'currency war' | Credit Writedowns Holiday Edition Capital Markets Subdued | Credit Writedowns A letter to Senator Scott Brown - The Fed's Political Interference Must Be Stopped | Credit…