financial news

The US dollar is little changed against the major foreign currencies as the consolidation seen at the end of last week continue.  Holidays in Japan, Canada and the United States contributes to the subdued tone.  The euro made a…

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…

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…

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…

On Gold EconomPic: On the Value of Gold Vietnam considers end to gold import ban; global prices rise | beyondbrics | FT.com Correction Could be Coming For Gold – CNBC Why has the price of gold risen 300%? | Kenneth Rogoff |…

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…

Topic of the Day: Currency War EU should not press China on yuan: Chinese PM | Reuters The international currency war: what the experts say | Business | guardian.co.uk Q&A: International currency wars | Business |…

Highlights The US dollar is mostly softer in quiet trading.   Yesterday’s momentum has largely faded, but the beleaguered greenback still cannot sustain even modest upticks.  In recent days, a number of Fed officials that…

It seems pretty clear that we are now entering a new stage of quantitative easing, competitive currency devaluation, and protectionism. Expect to see a number of posts on this later today. But I want to highlight this here in the links post…