The Euro as a Carry Trade Funder … Surprising?

Nothing is so bad, that it isn’t good for something

So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard burdened Eurozone policy makers and investors are finding it hard to find any kind of (positive) silver lining in the current debacle, . . . → Read More: The Euro as a Carry Trade Funder … Surprising?

Liquidity Giveth, Liquidity Taketh – The IMF on International Capital Flows

To be an economist these days is a rare privilege and especially; it is a privilege to be a blogging economist since there is just so much good material to write about at the moment. On the one hand, there is the unfolding unravelling of Goldman Sachs (loads of material out there already, but . . . → Read More: Liquidity Giveth, Liquidity Taketh – The IMF on International Capital Flows

FX Markets 2010 – The Old Maid, Global Imbalances and Carry Trade

This piece was written before Christmas and will appear in the first 2010 edition of the Forex Journal. The data covers the market up until mid December.

Old Maid is a card game where the simple task is to avoid holding a given card (often the queen of spades) at the end. . . . → Read More: FX Markets 2010 – The Old Maid, Global Imbalances and Carry Trade