Back in 2005, Ragu Rajan warned that the banks were taking on the hard-to-sell leftovers from the securitization process. As a result, he argued that the banks were becoming less liquid – and that t…

Oil stayed high -- but not high enough to worry Peter Fritsch and Kelly Evans of the Wall Street Journal.The dollar fell against the euro and loonie -- but probably not by enough for the dollar to di…

Yes, Virginia, seeking higher dollar returns to offset the dollar’s depreciation does mean taking on more risk.  And Steve Schwarzman wasn’t going to underprice his IPO just because China underpriced…

Or, for that matter, Icelandic krona and Turkish lira … Borrowing at 1%, maybe less, in a depreciating currency, and buying an appreciating currency that pays 12.4% or so is pretty good business.  Th…