Morgan Stanley

In the Buzz Bin: The R Word 

Today’s buzz in most of the financial press is the dreaded “R” word – recession. Obviously, this sort of thing matters to the mortgage finance industry, too; the housing market isn’t likely to recover in 2008 or even in 2009 if a recession occurs. Caroline Baum over at Bloomberg takes a look at the state of the dollar and how it will affect monetary policy: