The supply theory of money is simple enough. The more dollars you have, the less each one will buy. So, the question for a dollar watcher is: how many dollars are there?

Goldman Sachs (GS) and Morgan Stanley (MS) are expected to write off about $1 billion. Deutschebank says the writedowns will be about $9 billion over the next 6 months. DB itself has more than $50 billion of leveraged loans to private equity on its books. Goldman has nearly $40.

The Federal Reserve cuts rates by 75 basis points, but inflation concerns are building.

Fading risk aversion pushed the US dollar back and forth as market participants looked for a 100 basis point rate cut by the Fed, but the central bank failed to meet market expectations as they reduced the interest rate by 75 basis points.

The Chinese were going to put up some money to prop up Bear Stearns. There might be many explanations for why the Citic deal didn't go forward, but here we suggest one that is the most far-reaching: the foreigners are growing wary of the United States.

After surprising the markets with a 25 basis point discount rate cut on Sunday and extending the discount rate window to investment banks, the Federal Reserve is set to make another historic move by cutting interest rates 100bp tomorrow.  Or will it?

Tim Bourquin interviews James Stankiewicz, who talks about how he determines the strike price and expiration he wants to buy and how he manages each trade.

John Mauldin takes a look at the economy and its long term effect on our portfolio returns.

It took investors a while to connect the dots, but now they seem to have the picture: the Fed’s big bank bailout will not really wipe out losses, nor make Wall Street more profitable. What it will do is save the big banks from going broke, while destroying the dollar.

Fed funds futures have fully priced in 75 basis points of easing and set a 60 percent probability of a 100 basis point cut.