Bearish on the Dollar
April 9, 2008
It will take more than central bank credit lines to needy institutions to restore a normal-working financial system. The problem is not just a matter of insufficient liquidity, and the further house prices fall, the more complicated the solution will be come. Japan’s banking system problems of the 1990’s had shades of insolvency, and so […] More
Currency Markets in the News
Previewing Upcoming Central Bank Policy Meetings
April 9, 2008
Central bank interest rate policy meetings are being held this week in Japan, Britain and the euro area. Word will arrive in a few hours from the Bank of Japan that its overnight money rate target is remaining at 0.5%. The target was lifted from zero to 0.25% in July 2006 and just one time […] More
