Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…

Macro Man is back from vacation, and I have little to add to his explanation for the dollar’s rebound. The gap between the United States economic performance and the rest of the world’s economic …

Not because Taiwan is reportedly intervening once again last week.   But because Asia holds lots of euros and yen.    The euro rose 2.4% against the dollar last week, the yen by 2.8%.  And Asia holds…

Only a few sovereign funds disclose their performance. But it reasonable to think that many sovereign wealth funds – particularly the well-established funds that invested heavily in equities – have …

Like Macro Man, I went back and looked at the things I was planning to watch in 2008. My list wasn’t exactly prescient. I didn’t warn of a risk that housing losses might bring about the end of the…