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April 14, 2009

Financial Markets
The large dollar balance sheet of Europe’s banks

Tyler Durden/ Zero Hedge’s analysis of the aggregate balance sheet of the US commercial banks attracted a lot of attention last week, for good reason (h/t Felix Salmon). American taxpayers are…

Blog Post by Brad W. Setser Follow the Money

March 6, 2008

Financial Markets
1.54, 105, 1.45 — deleveraging continues …

It just seems like yesterday when the euro broke $1.50 and oil broke $100. Now the euro trades closer to $1.54 than $1.50 and oil trades closer to $105. Macroman doesn’t watch his Bloomberg screen…

Blog Post by Brad W. Setser Follow the Money

February 2, 2007

Financial Markets
A trillion dollars gets my attention, whether it comes from the PBoC or the yen carry trade

Tim Lee of Pi Economics estimates that about a $1 trillion of private money is now betting that the yen will stay fairly weak.    Tim Lee, of Pi Economics, reckons as much as $1 trillion may be stake…

saudiusjapan
Blog Post by Brad W. Setser Follow the Money

November 27, 2006

Economics
New York, not necessarily the world’s leading financial center

Lots of folks on Wall Street think they know why New York doesn’t dominate the IPO league tables anymore.   Sarbox.   It is undermining the “competitiveness” of US capital markets.   Or so the argume…

Blog Post by Brad W. Setser Follow the Money

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…

Blog Post by Brad W. Setser Follow the Money