Key Reform Pols
By Barry Ritholtz - November 5th, 2009, 1:44PM
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Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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November 5th, 2009 at 10:03 pm
I don’t know anything about this congressman, but he really seems to believe that if you say “transparency” or claim that you’re reducing risk, then it just magically happens. Dylan and crew were pressing hard, and the congress guy didn’t like it, but I say tough titty. He ought to have his story straight and that story better be close to airtight. Obviously his wasn’t. Like Obama, he just says the magic words he thinks you want to hear, but where’s the beef, congressman?
November 5th, 2009 at 10:42 pm
Who told this congressman, by the way, that “these institutions” can’t be wound down?! Did he or his staff do any, like, research on this? Obviously not. Chris Whalen, give this guy a call. He’s bought the Geither-Berrnanke narrative, hook, line and sinker.
And he really thinks they’re being “aggressive” with the banks?! And that they’re not reproducing the status quo? Jeesh. I know Dylan tends to drone on and on and talk over people, but he’s the only one in that conversation who knew what he was talking about.