Forex Howto

Part 1

Part 2

Part 3

One of the prominent mainstream aussie bloggers Duncan Riley has a post in which he’s trying to work out what is up with the aussie dollar.
One of the key factors in the recent decline of the aussie dollar is what is known as the carry trade.
The key thing with carry trades is relative interest rates [...]

A great writeup by Harvard economics lecturer Jeffrey Miron detailing why the government shouldn’t bailout the bankers.
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. [...]

Interesting that the $700 billion bailout package didn’t workout in the US (at least not yet). Sucks to be a banker knowing that they aren’t going to come and make your stupid purchases magically disappear.
Assuming the deal doesn’t pass on a second or third try, I think it will be for the long term benefit, [...]