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In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
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 16th, 2009 at 9:56 pm
[...] « Monday Reading SIGTARP: FACTORS AFFECTING EFFORTS TO LIMIT PAYMENTS TO AIG COUNTERPARTIES [...]
November 17th, 2009 at 10:19 am
[...] bases his analysis on the the most recent audit from the Office of the Special Inspector General (SIG) for the Troubled Asset Relief [...]
November 17th, 2009 at 6:49 pm
[...] unten eingebettete Bericht wurde bereitgestellt über den US-Blog von Barry Ritholtz und kann auch über diesen Link angesehen oder hier als pdf heruntergeladen werden. Das Audit wurde [...]
November 19th, 2009 at 3:26 am
[...] report on the AIG bailout. See for instance here for Krugman, here for Naked Capitalism, and here for the Big Picture. At first I shared this outrage: Geithner undoubtedly underplayed his hand, and [...]