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welcome to countdown. i m manus cranny. fed, what they speak about drives every single market, from stocks to bonds to the dollar-yen. let s check in on the dollar-yen . we have this dollar weakness on a divided fed. this do toue to thdoes the dollar-yen? are dudley s comments the more the more of today to comments of the fed meetings? let s look at the wrist radar because there is really a pervasive theme there. and that is the federal reserve. the dollar is down for the fifth day ina row. we have not seen a run of losses like this since the end of july. dudley s comments yesterday are perhaps, more of to up to date. topix is down by 1%. the dollar-yen is breaking the dollar level. we are seeing japanese stocks deal with the challenge and reality of a 20% rally in the yen. and the emerging market currencies, where the fed lapses or wanes in terms of what they will do. you have got the measure headed. currencyhe em perry i index, by the way. that is your risk radar. ....
deductibility of that insurance premium in calculating your federal income taxes. and it particularly helped low- and middle-income people deduct the amount they pay for private mortgage insurance. and therefore, what does that do? that helps folks like that to buy a home. is it home isn t homeowner ship something that is desirable in america? i think so. well, we better pass this tax extenders bill. and i ll give you another example. excluding foreign excluding forgiven mortgage debt from income. it allows people to exclude forgiven morning debt from their income. why am i raising this? haven t we just gone through the worst recession since the great depression? didn t some people get so upside down in their mortgage with their mortgage being at this level but the value of their home dropping to this level, so that the mortgage that they owed was such greater amount than the value of their home, and so they try to work with the purchaser and the bank that has the m ....
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