Inflation targeting, back in the frame
We know who’s brought this on. It was Ben Bernanke, last week, with confirmation of the Fed’s 2 per cent inflation target. We suspect it’s one debate that is...
The History and Rationale for a Separate Bank Resolution Process
The History and Rationale for a Separate Bank Resolution Process Thomas J. Fitzpatrick IV, Moira Kearney-Marks, and James B. Thomson 02.02.12 > Everyone recognizes the need to have a credible resolution regime in place for financial companies whose failure could harm the entire financial system, but people disagree about which regime is best. The emergence...
A Real Phony
Frederick Sheehan is the co-author of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve. His new book, Panderer for Power: The True Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession, was published by McGraw-Hill in November 2009. He was Director of Asset Allocation Services at John Hancock...
Why the Fed Trumps Weakening Economy
Here’s my (2nd) Yahoo Finance video from yesterday: > Click for video > First video is here A Housing Bottom Is Nowhere In Sight; there’s a nother in the queue
Michael Hudson: The Man Who Fired Greenspan
This is the transcript of an interview with Michael Hudson in an Australian film, discussing a 1966 incident:
The Transparency Trap
The Transparency Trap John Mauldin January 28, 2012 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...
Zero Rates Through Late 2014? PUHLEASE!
It is irresponsible for the Fed to state that it will keep rates exceptionally low through at least late 2014. No one, least of all the misguided seers at the Fed, knows what inflation, the economy, the dollar, etc. will be in coming quarters, let alone two years. Please recall that we mockingly said that...
Living In A QE World
All Central Bank Balance Sheets Are Exploding Higher, Or Engaged In QE The degree to which central banks around the world are printing money is unprecedented. The first eight charts below show the balance sheets of the largest central banks in the world. They are the European Central Bank (ECB), the Federal Reserve (Fed), the...
The Fed, Stocks & Chimichurri
The Fed, Stocks & Chimichurri David R. Kotok January 25, 2012 ~~~ The Fed has extended its low-interest-rate forecast to 2014. In addition, it indicated a continuing commitment to extend the maturity of the Fed’s portfolio. In other words, excess reserves and huge liquidity provisions are here for longer than many previously thought. How long...
It’s official: Fed’s 2 per cent inflation target
Full long-range FOMC statement belowm and click here for the Fed’s economic projections charts and tables…Following careful deliberations at its recent meetings,...
Buying the 49er Breakout….
Though the Giants are closer to the New York Fed’s printing press, which can make magic happen, fix almost anything, and more powerful than steroids, we’re buying the 49er breakout. We do confess, however, our affinity for the team of the town we once lived and our love for Eli, but the fundamentals and technicals...
