Bernanke and Paulson are testifying before the House Financial Services Committee and these are their comments (this list will be growing as they speak, so check back often)
Bernanke’s Comments
- Some Signs Credit Market Are Improving
- Credit Conditions Still Far From Normal
- Injection of TARP Capital Critical to Confidence
- Banks Should Review Compensation to [...]

Posted in Bernanke, Federal Reserve, Forex News, TARP plan dollar, Uncategorized, eur/usd, forex blog, paulson dollar 1 Comment »

Despite the turmoil in the US financial markets, foreign demand for US securities remain robust, particularly since the Treasury’s International Capital flow report was for September, the month that Lehman collapsed.
TIC Report Explains Dollar Rally
Demand was particularly strong for US Treasuries and equities but foreigners dumped corporate bonds on the fear of [...]

Posted in Carry Trades, Fed Rate Cut, Fed Rate Cut Expectations, Forex, Forex News, US Dollar, dollar rally, eur/usd, euro, forex blog, oil dollar, paulson, paulson dollar No Comments »

There are increasing signs that the Bush Administration wants to leave the clean up job to Barack Obama.
According to Treasury Secretary Paulson, even though the first half of the $700 billion bailout package is being used up quickly, the Bush Administration will not be asking Congress for the remaining $350 billion. [...]

Posted in Forex News, forex blog, paulson dollar No Comments »

The case for a bounce in equities this week was strong following the Lehman CDS Auction and the possibility of new measures from the G7 and G20 nations in Washington this weekend. New guarantees and a host of other announcements have helped to stabilize the financial markets and ease the credit crisis, but is this [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, GDP, Japanese Yen, TARP plan dollar, US Dollar, US Economy, euro, forex blog, paulson, paulson dollar No Comments »

It is now confirmed that the US housing and labor market is in serious trouble. New home sales broke below the 500k make or break mark for the first time in 17 years. The last time we saw new home sales at these levels was during Bush Senior’s Administration. Jobless claims also [...]

Posted in Bloomberg, Forex, Forex News, Forex Podcast, LIBOR, TED Spread, forex blog, paulson dollar 3 Comments »