This weekend, US Treasury Secretary Geithner proposed to the world's finance ministers that they cap their current account surpluses at a fixed percentage of GDP.  How would that work?  Why do it at all?  What’s the point?

John Mauldin looks at the massive fraud involved in the sale of mortgage-backed securities.  It's scandalous, and almost too much to contemplate.

The mistake of misunderstanding your business is common.  What business are traders in?

The economy is either growing slowly, or contracting.

The US dollar finished the week lower against all major currencies except the Japanese Yen, but a later-week reversal suggests that the dollar may have set an important low.

Three months ago, the euro was in charge of its own future.  How things have changed.

The Japanese yen ended the week virtually unchanged against the dollar despite seeing extreme volatility on speculation surrounding the size of the Fed’s expected quantitative easing efforts.

The British pound has reclaimed its correlation to broad-based trends in financial market risk sentiment.

The Canadian dollar finished the week modestly higher against its downtrodden US namesake, but a late-week reversal warns that the Loonie may find it difficult to set fresh highs through upcoming trade.

Over the past few weeks we have been focused on the question of whether the Fed will increase stimulus. Now that another round of quantitative easing is all but certain, the new question becomes how aggressive will the Fed be?