The Transparency Trap Tell Us What You Think We Want to Hear A Very Soft GDP Number Central Banks: A High-Wire Balancing Act What Does It All Mean? A Few Thoughts on LTRO Greek Exhaustion Syndrome Cape Town, Stockholm, Geneva, Paris, and London This week we take a brief pause in our series on...
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I've definitely developed an acute case of wishing Europe would go away already, and after this week I'm cautiously optimistic that may actually occur in an acute sense for a least a few months. The combo of the ECB announcements on Thursday with what appears to be coming out of the EU summit provides...
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James Dailey sees the potential for a strong rally as the government attempts to unfreeze the mortgage market and Ben Bernanke opens the monetary floodgates...
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Given that we owe some $75-80 trillion dollars in the coming years, over 5 times current GDP and growing every year John Mauldin, with a nod to Bernanke's helicopter speech asks, "Can ‘it' (hyperinflation) really happen here?"
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Inquiring minds and Barry Ritholtz wants to know:...there is no QE3.Global equities plummet 5%; Copper gets shellacked, Gold and especially silver see sellers. Bernanke gets criticized, but so was Volcker (unjustly) lambasted, as was Greenspan (deservedly so).
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What in the wide, wild world of monetary policy is the Fed doing, giving essentially unlimited funds to European banks? What are they seeing that we do not? And is this a precursor to even more monetary easing at this next week’s extraordinary FOMC meeting, expanded to a two-day session by Bernanke? Can we...
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The chance to look at the earth from 6 million miles away Dynamic hedge sees a volatile trading range setting up before a likely move lower. Yesterday was the anniversary of Swaziland becoming independent. On this day the last captive thylacine died. Is volatility still too high? The subprime crisis “was contained” Bernanke said. Glad he is confident...
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Calculated Risk has their always excellent weekly roundup of Economic Releases from last week. Short and informative with their standout charts and graphs. New Home sales were down slightly, GDP was poor, mortgage delinquincies increased slightly, new home inventory was at the lowest on record (Yay!) but obviously the big issue is existing home inventory,...
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John Hussman has warned for a few weeks now (as he did in late 2007) that we are now observing a set of conditions that every recession has exhibited, as well as conditions that when they have appeared have always been during or immediately prior to a recession (though the confirmation that it...
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John Mauldin goes from being concerned about a recession to saying we will definitely have one in the next 12 months. Inside he begins discussing why along with dissecting the situation in Europe, thinking about where "the bernanke" is headed and optimistically reflects on what the aging baby boomers mean for the future.
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Contra David Merkel, Amity Schlaes says a choice can be made, and Bernanke’s worry should be inflation. Update: David left me a comment, so I am going to include it, and my response: I’m not saying regulators won’t be forced to make a choice, or what that choice might be. My opinion on what...
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Ben Bernanke gives Congress and the President the green light to take steps to stimulate the economy along with a warning: Fortunately, the Fed has some ideas on what they should–and shouldn’t–do. Bernanke’s remarks came with a warning that any fiscal bailout “could prove quite counterproductive” if it’s not done in a timely manner...
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Can I ask for some applause for this from Crossing Wall Street? I have to agree with Frederic Mishkin of the Fed: I think there is too much focus on what decision will be made about the federal funds rate target at the next FOMC meeting. What is important for pricing most financial assets...
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