Argentina is on the verge of completing one of the largest sovereign debt restructurings in history. Argentina is seeking to restructure about $82 billion in bonds, plus $21 billion or so in past d…

I have long worried that as the carry trade gets less profitable (i.e. the difference between the interest rate on short-term and long-term debt falls), hedge funds would respond by doubling up their…

hold lots of worthless IOUs in their portfolios (link via Dan Gross/ Moneyblog).There seems to be a lot to talk about this weekend, whether the Fed’s various views on the risks associated with the US…

With apologies to Brad Delong for the title, and with broader apologies for yet another post on the RMB.This article struck me as confused, even for an article that tries to summarize a range of diff…

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…