Interesting Forex Related Headlines
How Did Things Get So Bad?
Greg Ip at the Wall Street Journal wrote a fascinating article titled “How Credit Got So Easy and Why its Tightening”
“When the Fed cut interest rates to the lowest level in a generation to avoid a severe downturn, then-Chairman Alan Greenspan anticipated that making short-term credit so [...]

Posted in Adjustable Rate Mortgages, American Home Financial, Australian Dollar, FOMC, Federal Reserve, Forex, Forex News, Japanese Yen, New Zealand dollar, Stock Market, US Dollar, euro No Comments »

American Home Mortgage filed for bankruptcy today. This is hardly surprising given the announcement on Friday they were cutting 90% of their staff.
The turmoil in the mortgage market has taken yet another victim and even though we all hope that they will be the last, it is not likely. Earlier this [...]

Posted in Adjustable Rate Mortgages, American Home Financial, Carry Trades, Stock Market, Subprime, US Dollar No Comments »