Markets

GOLDMAN: Here’s What’s Next For The Fed

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Ben_Bernanke.jpg”] Following Bernanke’s testimony in front of the Senate yesterday, Goldman’s Andrew Tilson lays out the options for the Fed’s next move, and what’s most likely to happen.First, he notes that there are four realistic possibilities on the table for more easing.
GOLDMAN: Here’s What’s Next For The Fed
Markets

HAMLET ACT III: Why The Fed Will Do Something

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Edwin_Booth_Hamlet_1870.jpg”] When TMM gathered this morning around the vast cherry wood conference table in the echoing caverns hewn from granite in the TMM-cave, the messages our ambassadors brought from the four corners of the earth were all stories of a strange new theme.European corps buying EUR/USD – cant […]
HAMLET ACT III: Why The Fed Will Do Something
News

Here’s Proof That The Fed Is Feeding The Rich

[credit provider=”Geishaboy500 via Flickr” url=”http://www.flickr.com/photos/geishaboy500/4340597257/”] The Daily Reckoning…proved right again!We’ve been sticking our necks out. We had a strong hunch that the rich had gotten a whole lot richer not because they were suddenly greedier or suddenly smarter, but because of the feds. The feds were handing out money. The […]
Here’s Proof That The Fed Is Feeding The Rich
Markets

Another Fed Governor Sounds Like He’s Ready To Support QE3

On Friday afternoon, one of the undecided FOMC members, Atlanta Fed President Dennis Lockhart appeared to move closer to voting for QE3 now. Back in June, Lockhart said he viewed the current “policy stance as appropriate”. But, based on incoming data, his views are changing. From Lockhart on Friday: The […]
Another Fed Governor Sounds Like He’s Ready To Support QE3
Markets

SOME FED MEMBERS SAID MORE STIMULUS PROBABLY NEEDED

[credit provider=”Win McNamee / Getty Images”] UPDATE: A few FOMC members said that more stimulus would probably be needed at their last committee meeting.Several members also said that the Fed should study new policy easing tools.
SOME FED MEMBERS SAID MORE STIMULUS PROBABLY NEEDED
Markets

FORMER FED ANALYST: The BOE And ECB Probably Knew About LIBOR Manipulation

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg”] We wrote yesterday about a paper published by former Federal Reserve analyst Jeremy Berkowitz in 1998 which suggested that the Fed had considered the possibility that LIBOR could be manipulated some 10 years before the financial crisis.In a phone interview yesterday, Berkowitz argued that many of […]
FORMER FED ANALYST: The BOE And ECB Probably Knew About LIBOR Manipulation
Markets

The Federal Reserve Was Worried About LIBOR Manipulation As Early As 1998

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg”] The scandal over the London Interbank Offered Rate (LIBOR) —one of the most important benchmarks for interbank lending—has been heating up, as governments investigate apparent collusion to manipulate base lending rates by some of the world’s most prominent banks.The British Bankers’ Association calculates the LIBOR rate by […]
The Federal Reserve Was Worried About LIBOR Manipulation As Early As 1998
Markets

Goldman’s Jan Hatzius Explains The ‘Real Issue’ With More Fed Easing

[credit provider=”CNBC”] From the latest note from Goldman’s Jan Hatzius…The real issue, in our view, is that neither Twist 2 nor QE3 is likely to be very potent unless it is coupled with “unconventional unconventional” policies. Using our GS Financial Conditions Index, we showed recently that a program of a […]
Goldman’s Jan Hatzius Explains The ‘Real Issue’ With More Fed Easing
Markets

4 Reasons Why The Jobs Report Isn’t Bad Enough To Force QE3

[credit provider=”Jonathan Ernst / Getty Images” url=”http://www.gettyimages.com/detail/news-photo/federal-reserve-chairman-ben-bernanke-testifies-during-a-news-photo/109713126″] Despite the immediately negative reaction to today’s announcement of non-farm payrolls, analysts are sceptical that number is bad enough to lead to another round of quantitative easing.General consensus from economists seems to be that the jobs number would have had to be really […]
4 Reasons Why The Jobs Report Isn’t Bad Enough To Force QE3
Markets

STIGLITZ: The Fed Obviously Mismanaged The Economy

In an interview with Bloomberg TV, economist Joseph Stiglitz stated that the Fed obviously mismanaged the economy before 2008 and that the outlook for America to return to full employment in the next few years looks very bleak.
STIGLITZ: The Fed Obviously Mismanaged The Economy
Markets

MORGAN STANLEY: The Fed Has Basically Given Up

[credit provider=”Morgan Stanley” url=”http://linkback.morganstanley.com/web/sendlink/webapp/BMServlet?file=9dmoqcne-3obu-g001-a8f0-0025b3a40300&store=0&d=1&user=barcbrzei5hx-1&__gda__=1459683812_775590e8fb7b5a34ed0a015aaea25eb3#0041&barcbrzei5hx-4&1459683812_b71b3f7a988b766fe17ea5732fb92a06&0031&”] In his latest US Macro Dashboard note, Morgan Stanley chief economist goes back tot he Fed, and explains why the Fed hasn’t done more.He only sees one explanation…
MORGAN STANLEY: The Fed Has Basically Given Up
Markets

This Visual History Of The Recession Shows An Economy That’s Slowing Again

[credit provider=”Federal Reserve Bank of Philadelphia” url=”http://philadelphiafed.org/research-and-data/regional-economy/indexes/leading/charts/2012/LeadingIndexes0512.jpg”] After months of strong economic activity around the country, the most recent release of state coincident indexes from the Federal Reserve Bank of New York indicates that economic activity may be slowing once more across the country.The coincident indexes take into account unemployment, employment, manufacturing […]
This Visual History Of The Recession Shows An Economy That’s Slowing Again
Markets

Morgan Stanley Is Already Previewing The December Fed Meeting

[credit provider=”Flickr / wwward0″ url=”http://www.flickr.com/photos/wwward0/6549256939/sizes/m/in/photostream/”] Morgan Stanley’s economists were disappointed when the Federal Reserve announced what it’s next round of stimulus would look like. Vincent Reinhart, Chief U.S. Economist, saw an 80 per cent chance of Fed balance sheet expansion in the form of quantitative easing (QE3).  But instead, we got […]
Morgan Stanley Is Already Previewing The December Fed Meeting
Markets

The Fed Is Now So Divided, Members Can’t Even Agree On The Meaning Of The Word ‘Low’

[credit provider=”Morgan Stanley” url=”http://linkback.morganstanley.com/web/sendlink/webapp/BMServlet?file=9dmoqcne-3obu-g001-a8f0-0025b3a40300&store=0&d=1&user=barcbrzei5hx-1&__gda__=1459683812_775590e8fb7b5a34ed0a015aaea25eb3#0041&barcbrzei5hx-4&1459683812_b71b3f7a988b766fe17ea5732fb92a06&0031&”] Here are the facts: The Fed is failing to meet both of its mandates. Unemployment is still well above where it should be (according to the Fed’s own forecasts) and inflation is trending below its goal of 2%. Bernanke says the Fed has more tools at […]
The Fed Is Now So Divided, Members Can’t Even Agree On The Meaning Of The Word ‘Low’
Markets

The Fed Is Shooting Blanks

Today’s significant market decline most likely marks the end of the oversold bounce from the June 4th lows.  The rally was based on little more than the hope of central bank rescues around the world in the face of what has now become a widely recognised global slowdown that threatens the onset […]
The Fed Is Shooting Blanks
Markets

FLECKENSTEIN: The Fed Doesn’t Understand That The Fed Is The Problem

[credit provider=”Bloomberg”] The Fed is standing in its own way and is not taking meaningful enough steps to boost the economy, Bill Fleckenstein tells King World News in an interview. “Bernanke has taken a half-step towards doing something aggressive,” he said. “The reality is the Fed’s optimism is misplaced because the Fed […]
FLECKENSTEIN: The Fed Doesn’t Understand That The Fed Is The Problem
Markets

SocGen: The Fed Knows That More Operation Twist Won’t Be Enough

As expected, the Fed announced more easing at the conclusion of yesterday’s FOMC meeting.  It came in the form of more Operation Twist, which aims to lower long-term interest rates by selling short-term bonds and buying long-term bonds.  However, the Fed may have disappointed some market participants who were hoping […]
SocGen: The Fed Knows That More Operation Twist Won’t Be Enough
Markets

FEDERAL RESERVE EXTENDS OPERATION TWIST

[credit provider=”(Photo by Spencer Platt/Getty Images) “] The Federal Reserve monetary policy announcement is out.Rather than go on with full on QE3 (more bond buying), the Federal Reserve is extending what’s known as “Operation Twist” which means that the Fed will buy long dated Treasuries and finance that with sales […]
FEDERAL RESERVE EXTENDS OPERATION TWIST
Markets

SocGen: Here’s How The Bond Market Will Respond To 4 Different FOMC Scenarios

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:FF232.jpg”] SocGen’s house view as explained by its economist Michala Marcussen is that the Federal Reserve will announce $600bn of new asset purchases today at the FOMC meeting, split 40 per cent to 60 per cent between mortgage-backed securities (MBS) and US Treasuries.SocGen’s rates strategy team assigns […]
SocGen: Here’s How The Bond Market Will Respond To 4 Different FOMC Scenarios
Markets

8 Top Wall Street Economists Preview Today’s FOMC Meeting

[credit provider=”Jonathan Ernst / Getty Images” url=”http://www.gettyimages.com/detail/news-photo/federal-reserve-chairman-ben-bernanke-testifies-during-a-news-photo/109713126″] In just a few hours, the Federal Reserve led by Chairman Ben Bernanke will conclude its Federal Open Market Committee meeting and publish is decision on monetary policy.The sentiment on Wall Street seems to be biased toward a major announcement of additional stimulus […]
8 Top Wall Street Economists Preview Today’s FOMC Meeting
Markets

UBS: The Federal Reserve Could Accidentally Raise Rates In Its Efforts To Lower Rates

[credit provider=”Chip Somodevilla / Getty Images” url=”http://www.gettyimages.com/detail/news-photo/demonstrator-holds-up-a-sign-behind-u-s-treasury-secretary-news-photo/82971232″] UBS senior economist Drew Matus was on Bloomberg TV this morning previewing Wednesday’s FOMC meeting. Many of the major investment banks are expecting the announcement of significant policy action, while UBS is not.However, Matus said if the Fed does decide to announce additional […]
UBS: The Federal Reserve Could Accidentally Raise Rates In Its Efforts To Lower Rates
Markets

BofA: Don’t Get Your Hopes Up For QE3 Or Operation Twist 2 Just Yet

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Federal_Open_Market_Committee_Meeting.jpg”] Goldman Sachs, Morgan Stanley, and JP Morgan are among the big names expecting a new Fed-led monetary easing program this Wednesday.BofA Merrill Lynch economists Michael Hanson and Ethan Harris have their doubts.  From a new note to clients:
BofA: Don’t Get Your Hopes Up For QE3 Or Operation Twist 2 Just Yet
Markets

JP MORGAN: There’s A 75% Chance The Fed Will Give Us Operation Twist 2

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/video/91398870-jpmorgan-s-feroli-on-fed-monetary-policy.html”] The Federal Open Market Committee (FOMC) meets this week, and top Fed watchers are banking on more easing.  They include Goldman Sachs’ Jan Hatzius, Morgan Stanley’s Vincent Reinhart, Bank of America’s Michelle Meyer, and SocGen’s Micala Marcussen.  Bank of America’s Michelle Meyer sees QE coming, but not […]
JP MORGAN: There’s A 75% Chance The Fed Will Give Us Operation Twist 2
Markets

The Fed Can’t Figure Out Why Yields Are Soaring

The big story last week — other than the stock market sucker-punching the bears — was the steepening yield curve, which, well, isn’t supposed to be happening. Quantitative easing is supposed to be doing the precise opposite.
The Fed Can’t Figure Out Why Yields Are Soaring
News

JAMIE DIMON IS NOT ALONE: These Fed-Connected Banks Got More Than $4 Trillion in Loans After The Crisis

[credit provider=”Getty”] This week U.S. Senator Bernard Sanders (I-Vt.) and the Government Accountability Office (GAO) released a pithy report titled “Jamie Dimon Is Not Alone” that states:”During the financial crisis, at least 18 former and current directors from Federal Reserve Banks worked in banks and corporations that collectively received over […]
JAMIE DIMON IS NOT ALONE: These Fed-Connected Banks Got More Than $4 Trillion in Loans After The Crisis
Markets

MICHELLE MEYER: No QE Next Week But A Big Round Of Easing Is On Its Way

[credit provider=”Bloomberg TV”] When investors aren’t worrying about Europe, they’re betting on the prospect of a new round of quantitative easing from the Federal Reserve.Particularly soft CPI and employment data this morning brought back the on again off again debate over whether the Fed could initiate a new round of […]
MICHELLE MEYER: No QE Next Week But A Big Round Of Easing Is On Its Way
Markets

Markets Surging, Dow Up 120

[credit provider=”Marines/Vanessa Jimenez” url=”http://www.marines.mil/Pages/PhotoDetails.aspx?ItemUrl=http://www.marines.mil/unit/hqmc/PublishingImages/2011/111021-M-LS108-391.jpg#.T8f23plYvw1″] UPDATE (1:18 PM ET): The Dow is up about 120 points or 1 per cent on a quiet day for news.The S&P 500 and the NASDAQ are also rallying.
Markets Surging, Dow Up 120
Markets

Everyone Has The Falling Household Net Worth Story Dead Wrong

[credit provider=”Federal Reserve” url=”http://federalreserve.gov/pubs/bulletin/2012/PDF/scf12.pdf”] Earlier this week, the Federal Reserve released its Survey of Consumer Finances (SCF), which indicated that household net worth plummeted from 2007 to 2010. Specifically, the median value of real (inflation-adjusted) family income before taxes fell nearly 40 per cent to  $77,300, while the mean fell more […]
Everyone Has The Falling Household Net Worth Story Dead Wrong
Markets

Markets Whipsaw On Disappointing Data

Markets tanked and then immediately reversed losses in a dramatic reversal following a poor initial jobless claims number and a CPI reading that suggested the economy could be slowing at a greater rate than expected.
Markets Whipsaw On Disappointing Data
Markets

The US Economy Just Gave The Fed 2 Reasons To Load Its Bazooka

[credit provider=”Koichi Kamoshida/Getty Images”] Today’s economic data came in soft even by analyst expectations, with CPI falling to 1.7 per cent year-over-year in May and initial jobless claims rising to 386K.While the Federal Reserve won’t strictly be held to this data, it has previously said that it would consider using […]
The US Economy Just Gave The Fed 2 Reasons To Load Its Bazooka
Markets

Fed Governor Lacker To Banks: Your Complexity Serves No Social Purpose

[credit provider=”Fox Business News”] Richmond Federal Reserve Governor Jeffrey Lacker and former Minneapolis Fed Governor Gary Stern are serving some intellectual breakfast this morning in advance of today’s testimony from Jamie Dimon, providing an updated take on too-big-to-fail. Writing in the Wall Street Journal, the pair make the case that “living […]
Fed Governor Lacker To Banks: Your Complexity Serves No Social Purpose
Markets

The Federal Reserve’s Policies Ruined Any Chance We Had Of Cleansing The Economy

[credit provider=”Getty Images”] Since the lousy jobs report, there has been a veritable orgy of Fed Speak with juicy morsels and contradictions, interspersed with leaks and rumours, that climaxed with Chairman Ben Bernanke’s words of wisdom before the Congressional Joint Economic Committee.It whipped markets into a frenzy, drove the Dow […]
The Federal Reserve’s Policies Ruined Any Chance We Had Of Cleansing The Economy
Markets

The Stock Market Is On Life Support

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Dialysis_-_arm_-_01.jpg”] The stock market continues to be on life-support, depending on the actions of the Fed and other central banks to arouse it from its lethargy.  While Bernanke’s statement and testimony before Congress was somewhat disappointing to those hoping fervently for a hint that QE3 was just around the […]
The Stock Market Is On Life Support
Markets

Here’s The Full Presentation Where Janet Yellen Makes The Case For More QE

[credit provider=”Federal Reserve” url=”http://federalreserve.gov/newsevents/speech/yellen20120606a.htm”] Janet Yellen, vice chairmen of the Fed, gave a presentation at the Boston Economic Club this evening, with many interpreting it as a ringing endorsement for greater monetary easing.”Prolonged weakness in the housing sector remains one of several serious headwinds facing the U.S. economy,” Yellen said. […]
Here’s The Full Presentation Where Janet Yellen Makes The Case For More QE
Markets

Gold Is Gearing Up For QE

The yellow metal is up almost $100 since last Friday’s weak U.S. employment report. Gold is a weird cat with multiple personalities and more than nine lives.
Gold Is Gearing Up For QE
Markets

Meet The Man Responsible For Today’s Huge 230 Point Dow Surge

[credit provider=”Lisa Du, Business Insider with AP”] You can thank Jon Hilsenrath, the chief economics correspondent for The Wall Street Journal, for today’s stock market surge. The Dow is up more than 200 points after Hilsenrath broke the news last night that the Federal Reserve is now considering more action including another round […]
Meet The Man Responsible For Today’s Huge 230 Point Dow Surge
Markets

This Is The Headline Ben Bernanke Is Terrified About Seeing

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Ben_Bernanke_official_portrait.jpg”] The buzz these days is that the Fed is probably going to launch another round of “quantitative easing” stimulus, QE3, thanks to weakness in the economy and markets.But there’s always a chance that Bernanke and crew could get gun shy.
This Is The Headline Ben Bernanke Is Terrified About Seeing
Markets

Morgan Stanley’s Reinhart Puts The Odds Of QE 3 Over 50%

[credit provider=”Morgan Stanley” url=”http://linkback.morganstanley.com/web/sendlink/webapp/BMServlet?file=9dmoqcne-3obu-g001-a8f0-0025b3a40300&store=0&d=1&user=barcbrzei5hx-1&__gda__=1459683812_775590e8fb7b5a34ed0a015aaea25eb3#0041&barcbrzei5hx-4&1459683812_b71b3f7a988b766fe17ea5732fb92a06&0031&”] Morgan Stanley top economist Vincent Reinhart and the head of U.S. interest rate strategy Matthew Hornbach say there is now more than a 50 per cent chance the Federal Reserve will use its balance sheet to bolster economic growth.In a video interview for clients, the pair put the […]
Morgan Stanley’s Reinhart Puts The Odds Of QE 3 Over 50%
Markets

STIGLITZ: Anyone Putting Their Hope In QE Is Just Wrong

[credit provider=”AP”] Joseph Stiglitz says action from the Federal Reserve, including future quantitative easing, will not solve the slow growth recovery plaguing job growth.”Monetary policy is not enough. It should not get our false hopes up that monetary policy is going to solve our problems,” the Nobel Prize winner and […]
STIGLITZ: Anyone Putting Their Hope In QE Is Just Wrong
Markets

David Zervos: ‘WE ARE BACK IN THE KILL ZONE—APOCALYPSE EUROPE’

[credit provider=”Wikimedia COmmons” url=”http://commons.wikimedia.org/wiki/File:US_M113_ACAV_Vietnam.jpg”] Jefferies chief market strategist David Zervos is calling for panic in a note out this morning, starting off his analysis with the scary pronouncement: “We are back in the kill zone—Apocalypse Europe.”Essentially, contagion from the European crisis is once again banging on the door of the […]
David Zervos: ‘WE ARE BACK IN THE KILL ZONE—APOCALYPSE EUROPE’
Markets

Student Loan Debt Shot Up Nearly 300% In The Past Decade

[credit provider=”Caza_No_7″ url=”http://www.flickr.com/photos/iancarroll/3476935563/”] Finance experts have long estimated that America’s student loan debt has swelled past $1 trillion, but a new report offers startling insight into exactly what consumers are up against. Since 2003, student loan debt has nearly tripled from $293 billion to a whopping $904 billion, according to the […]
Student Loan Debt Shot Up Nearly 300% In The Past Decade
Markets

The Fed Desperately Wants Homeowners To Apply For Foreclosure Reviews

[credit provider=”Youtube”] Since the Federal Reserve gave more than 4 million homeowners the chance to fight their foreclosures last year, the process put in place to review them hasn’t gone as smoothly as planned. The Independent Foreclosure Review came in the wake of the 2008 robosigning scandal, with 14 big lenders agreeing to […]
The Fed Desperately Wants Homeowners To Apply For Foreclosure Reviews
Markets

Here’s The End Game That The Fed Is Fighting To Avoid

[credit provider=”(Photo by Spencer Platt/Getty Images) “] If you’ve ever been involved in a legal contention, like a business or personal dispute or a contested divorce, you know that the whole game pivots, ultimately, on the potential end game: what would happen if the thing went to court — even […]
Here’s The End Game That The Fed Is Fighting To Avoid
Markets

SocGen: The Federal Reserve Is Underestimating The Impact Of The Fiscal Cliff

[credit provider=”a.dombrowski via Flickr” url=”http://www.flickr.com/photos/adombrowski/5914098233/sizes/l/in/photostream/”] The fiscal cliff is fast approaching and if Congress fails to act, more than $600 billion in tax and spending provisions are set to change at the end of the year.The Congressional Budget Office (CBO) recently revised its projections and now sees 2013 growth of […]
SocGen: The Federal Reserve Is Underestimating The Impact Of The Fiscal Cliff
News

TIME TO ADMIT IT: Independent Central Banking Has Been A Failure

[credit provider=”The White House”] If one myth has been slain by the financial crisis and the response to it, it’s the idea that central banks ought to be independent and unaccountable politically. The idea of central bank independence was that it would guarantee good monetary policy. During the Great Moderation it […]
TIME TO ADMIT IT: Independent Central Banking Has Been A Failure
Markets

The Complete Story Of How The US Economy Grew, Then Tanked, And Then Recovered Again

[credit provider=”Federal Reserve Bank of Philadelphia” url=”http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/maps/2012/2012-04.jpg”] What started with a whimper now seems to be a strong trend.According to the most recent release of state coincident indexes from the Federal Reserve Bank of New York, 48 out of 50 states saw increasing economic activity.
The Complete Story Of How The US Economy Grew, Then Tanked, And Then Recovered Again
Markets

Here’s How Stay-At Home Parents Can Get Around Obama’s CARD Act

[credit provider=”Flickr / x-ray delta one ” url=”http://www.flickr.com/photos/x-ray_delta_one/4175963774/sizes/m/in/photostream/”] Stay-at-home spouses are having a tough time applying for credit thanks to a quirky clause in Obama’s CARD Act, but they shouldn’t lose hope just yet. The Consumer Financial Protection Bureau is hard at work reviewing a Change.org petition against the law created by […]
Here’s How Stay-At Home Parents Can Get Around Obama’s CARD Act
Markets

GOOD NEWS FOR QE3: ‘Several’ FOMC Members Think More Easing Might Be Necessary

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Marriner_S._Eccles_Federal_Reserve_Board_Building.jpg”] UPDATE: Investors predicting another round of quantitative easing are breathing a sigh of relief right now.The most recent minutes of the Federal Open Committee Meeting revealed that several members think more easing could be in the cards if the recovery falters.
GOOD NEWS FOR QE3: ‘Several’ FOMC Members Think More Easing Might Be Necessary
Markets

A Quick Preview Of Today’s Federal Reserve Minutes

[credit provider=”DonkeyHotey via flickr” url=”http://www.flickr.com/photos/donkeyhotey/6269797026/in/photostream/”] With Europe dominating headlines, investors appear to be giving little thought to what could be either the biggest surprise or the biggest snooze of the day: the release of minutes from the April meeting of the Federal Open Market Committee of the Federal Reserve.At its […]
A Quick Preview Of Today’s Federal Reserve Minutes
Markets

Michael Pento On JP Morgan: BLAME THE FED!

[credit provider=”Fox Business News” url=”http://video.foxbusiness.com/v/1458759945001/are-fed-policies-hurting-the-middle-class/”] Everyone’s still trying to figure out exactly how JP Morgan lost $2 billion in a hedge/trade gone wrong.To a lesser extent, people are asking why.
Michael Pento On JP Morgan: BLAME THE FED!
Markets

Fed Economists Bust 12 Misconceptions About The Housing Crash

Going again the popular theory that devious insiders caused the housing crisis, economists at the Federal Reserve Banks of Boston and Atlanta argue that “borrowers and investors made decisions that were rational and logical given their ex post overly optimistic beliefs about house prices”
Fed Economists Bust 12 Misconceptions About The Housing Crash
News

How The Government Can Literally Print $700 Million In One Day

[credit provider=”Mark Wilson/Getty Images”] Every day, rivers of green currency sheets flow through the presses at the Bureau of Engraving and Printing, the federal agency responsible for printing all of the country’s paper money. The technology used to produce today’s legal tender is a far cry from the steam-powered machines used […]
How The Government Can Literally Print $700 Million In One Day
News

Ron Paul Is Hosting A Hearing On Ending The Federal Reserve Right Now

[credit provider=”Courtesy of CSPAN”] Texas Congressman Ron Paul will once again face off against his central bank nemesis this morning, during a Congressional hearing on monetary policy and the Federal Reserve. The hyped-up hearing is titled “The Federal Reserve System: Mend It Or End It?,” and will be hosted by the […]
Ron Paul Is Hosting A Hearing On Ending The Federal Reserve Right Now
Markets

Ron Paul Actually Landed A Punch, And The Fed’s Getting An Audit

[credit provider=”AP”] You just have to admire Ron Paul for his tenacity and non-flip-flopping straightforwardness—a breath of fresh air in the putrid morass of Washington—even if you disagree with his policies. And while he still can, before retiring from Congress, he is slugging at the Fed again.This time, as Chairman […]
Ron Paul Actually Landed A Punch, And The Fed’s Getting An Audit
Markets

GOLDMAN: New Fed Regulation Could Destroy 300,000 American Jobs

[credit provider=”US Navy” url=”http://www.navy.mil/view_single.asp?id=11268″] Goldman Sachs is arguing against a proposed Fed Rule by picking on probably the most sensitive topic in the American economy today: jobs.The rule in question is a requirement that banks limit single counterparty exposures to 25% of their regulatory capital, and is being mandated as […]
GOLDMAN: New Fed Regulation Could Destroy 300,000 American Jobs
Markets

The Fed Has Gone Nuts — We Need To Return To The Gold Standard

[credit provider=”Flickr / hto2008″ url=”http://www.flickr.com/photos/[email protected]/2559014732/sizes/m/in/photostream/”] There are times, my friends Michael Lewitt and Dr. Lacy Hunt agreed today at lunch, when the study of economics is best informed by a sound knowledge of history.Indeed, Michael’s son wants to follow his father into the finance world, and Michael is starting him […]
The Fed Has Gone Nuts — We Need To Return To The Gold Standard
Markets

ZERVOS: Bernanke Is Still Mixing A Killer Cocktail

[credit provider=”Bloomberg TV”] Yesterday proved a huge day for talk of Treasurys, with 3 announcements from the Federal Reserve and investor commotion over whether or not the U.S. will see another round of quantitative easing in the next few months.But despite the hype and indications that FOMC committee members see […]
ZERVOS: Bernanke Is Still Mixing A Killer Cocktail
Markets

DON’T GET YOUR HOPES UP: The Fed Is Far From QE3

The market did not seem to respond much to the FOMC statement or the revised forecasts. It has responded to Bernanke’s answer to a question about QE. Bernanke said that the Fed is prepared to do more with its balance sheet. The dollar was sold, stocks and bonds firmed.
DON’T GET YOUR HOPES UP: The Fed Is Far From QE3
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