money

The IMF provides the most authoritative data on the currency composition of reserves.  It is reported at the end of the quarter for the proceeding quarter.  Tomorrow it is expected to report reserve holdings as of the end of Q1…

A post by Annaly Capital Management Some recent economic data (like today’s downwardly-revised “final” reading on 1Q 2010 GDP) have suggested that the economic recovery is waning. Not surprisingly, talk of additional stimulus has started…

There is nothing preventing the Federal Reserve from buying up any financial asset it so chooses with money it creates out of thin air. In fact, I seriously doubt that the vaunted bond market vigilantes would be able to cause US interest…

The decision to leave rates on hold was an easy one for the Fed to make.  The Fed still anticipates this will be the case for an extended period.  The statement seemed to recognize some of the less favorable data since it met…

According to the Federal Reserve, money market fund holdings of households has declined by about $380 billion since the end of 2008. (According to AMG, all money market mutual funds—institutional and retail—have posted net outflows of about…

David Rosenberg is out with a good post that takes on the double dip theme that everyone is talking about.  As you would expect, he has a bearish spin. To the degree you want counterfactuals, I really like what Morgan Stanley has to…

By Annaly Capital Management. We’ve made no secret of our love for the Federal Reserve’s Z.1 Flow of Funds report. The only thing more amazing than the impressive volume of data in the release is the lack of coverage it receives by the…

Nassim Taleb speaks to the issue I have been addressing here for two years, namely that the problem with our financial system is debt.  There is too much of it. And all the stimulus in the world won't solve that problem.  The…

A news wire is reporting that Russia remains committed to diversifying its reserves and has not changed its view of the euro.  This is consistent with what several other central banks, including China, Japan and South Korea have…

Three month dollar LIBOR has edged up again today.  It has risen every day since May 10th, though the pace has slowed.  This reflects the demand for dollar funding.  While the focus in on European banks, the scramble to…