UK on brink of recession — QE2.2 to the rescue?
This is how Goldman Sachs sees the UK economy in the next few months:We now expect an outright recession in the UK, with two consecutive quarters of -0.1%qoq growth in 2011Q4...
Was Twist an “Anti-Stimulus”?
To our inbox this morning came a note from RBC arguing that the FOMC statement last week acted as a kind of “Anti-Stimulus”.Here’s the explanation:But perhaps...
Goldman’s Q(E3)&A
There was no press conference with Ben Bernanke after the August 9 FOMC statement or following his Jackson Hole speech — and there won’t be another until after Congress...
The diminishing returns of QE
The hypothetical QE3, whatever its format, might not work so well because the last two rounds were so successful.That’s what Goldman analysts Sven Jari Stehn and colleagues say....
An important lesson from Jackson Hole 2010
Alternative working title: How QE2 went wrong.In order to understand what’s really at stake at Jackson Hole on Thursday we need first to understand how the Fed’s...
Against “Japan-ification”
Given that it’s the question of the hour…The US economy, says Nomura’s Paul Sheard, is not looking anything like Japan in the early- to mid-1990s.Well, maybe just a bit....
Desperate measures for *really* desperate times
Even from this correspondent’s vacation spot on a rustic Swedish island did he notice how carefully the FOMC’s last statement was scrutinised.And frankly, we’re...
Banks: QE3 is coming
Hope springs eternal in the investment banks.Tuesday’s FOMC statement drew attention for its commitment to 0 – 0.25 per cent rates until at least mid-2013. This led...
What was that about QE3?
US stocks ended their bear run on Wednesday but it was tin hat time again on Thursday morning.Idle QE3 chit chat between three former Fed directors and the Wall Street Journal...
When doves don’t cry – BoE edition
The minutes of the last MPC meeting are out and here’s the price action in the Great British Krona.Something of a bounce, which is perhaps surprising because on first...
The evolution of systemic risk
Macro Risk Advisors, headed by Dean Curnutt, are specialists in derivatives strategy. One of their chief occupations is thus evaluating risk and volatility.Given that, it’s...
Libor, repressed
From the annals of financial repression, we bring you Libor rates.It’s a torrid tale of QE2, dollar funding and liquidity — and it’s one we thought we’d mention,...
