62 Results for:

November 11, 2008

Financial Markets
Give me yield, give me leverage, give me return

“Give me yield, give me leverage, give me return” perfectly sums up how Wall Street bought itself close to financial ruin. JP Morgan’s William Winters didn’t just create help to create CDOs. H…

Give me yield, give me leverage, give me return

July 2, 2009

Financial Markets
"A more balanced economy might allow the world to live with a less perfect financial system"

Mike Dooley and Peter Garber argue (at VoxEU) that the recent crisis has nothing to do with “Bretton Woods 2” -- an international monetary system where reserve growth in the “periphery” financed defi…

abs-v-yield-curve2

July 8, 2007

Financial Markets
Whither the dollar-riyal-renminbi?

The funny thing about the dollar is that it is now kind of weak  -- except against the currencies of those places that actually have large current account surpluses.The dollar is close to record lows…

cofer_q1_07_take_2

August 6, 2007

Monetary Policy
The housing market shouldn’t bank on a PBoC put …

Yes, Virginia, seeking higher dollar returns to offset the dollar’s depreciation does mean taking on more risk.  And Steve Schwarzman wasn’t going to underprice his IPO just because China underpriced…

February 7, 2008

Capital Flows
Are sovereign wealth funds an inevitable consequence of globalization?

Stephen Jen -- Morgan Stanley’s sovereign fund guru -- say so.I am not convinced.Sovereign wealth funds are arguably an inevitable consequence of very rapid reserve growth. Thus, they could be an in…