[Skip to the end] “During the two weeks that Congress considered the legislation, market conditions worsened considerably. It was clear to me by the time
[Skip to the end] The Fed has a major strategic advantage over private sector buyers. With the Fed making the loan, credit spreads in general
[Skip to the end] It comes down to public purpose. The agencies were set up to provide low cost funding for moderate income home buyers.
[Skip to the end] Seems Paulson is still blocking foreign CBs from accumulating USD financial assets. This is a negative for the USD and a
[Skip to the end] A minority view but a growing one. They are thinking the low rates are destabilizing the housing and financial markets via
[Skip to the end] Totally misguided regarding public purpose. For one thing, the shareholders of the agencies are still there for ‘market discipline’ – all
[Skip to the end] Bloomberg News Video Clip Maybe, but… It will be tough for the USD index to move up without the CBs and
[Skip to the end] Dollar Index vs US Exports Right – seems to me the dollar will fall until it’s at a level where the
[Skip to the end] No recession here, and Q1 likely to be revised higher when March trade numbers come out. Q3 could be 2% depending
My take on the USD: It was at a level based on foreigners wanting to accumulate $70 billion per month which also = the US