Search results

Contrary to what Zero Hedge claims, M2 is not growing much http://federalreserve.gov/releases/h6/Current/ Percent change at seasonally adjusted annual rates M1 M2...

That is, unless this mish dude thinks the Fed can drive down the dollar in terms of FX(that is foreign goods and services) but not domestic ones, which I dont believe makes any sense, the central banks would solve the deflation problem by driving down the FX value of the currency, say by 80% and...

The mish guy is attacking central banks for doing QE because its a 'currency war' http://globaleconomicanalysis.blogspot.com/2010/10/global-competitive-debasement-currency.html Perhaps he doesnt realize that he cant have that opinion and think that central banks cant do anything about...

Jan Hatzius "Most observers probably think of the Fed’s commitment to keep the federal funds rate at “exceptionally low levels…for an extended period” when they think of communication. In this regard, the committee has already taken a significant step toward QE2 in our view, though not...

At the next Fed meeting if they do QE, it looks like my half-joke prediction might come true. The section that explains Hoenig dissent will be almost as big as the FOMC statement

I'd encourage someone to do this. I dont follow Australia much and would be interested in finding out if they are really going into a US type financial crisis

Evans is now effectively saying the Fed is now changing its policy from target ing interest rates to targeting the money supply, like Volcker did for different reasons. Of course, Bernanke wont admit that in public, it could fuel Japanese expectations but I bet they are watching M2 figures very...

Evans addressing what I have been pounding on the table for months "Where is the common ground on the committee right now? Evans: The statement is fairly clear on that. We see the economy is recovering. We see inflationary pressures lower and we see the unemployment rate high and it is...

1635 GMT [Dow Jones] Fed's Evans, a non-voting FOMC member this year, calls for "much more" Fed easing in WSJ interview. Says he might support inflation above 2% for a time. Says he wants lower real rate to fight liquidity trap and sees core inflation at 1% in 2012, below 1.5% in 2013. Evans...

TARP is over http://www.cnbc.com/id/15840232?video=1606775707&play=1 I dont know if MS and GS can be bailed out by the FDIC given that they are bank holding companies(my guess is no given that Paulson never pushed BSC and LEH to become one in order to keep them around), so in theory both can...

Rogoff on Gold http://www.project-syndicate.org/commentary/rogoff73/English

Well, the Jan 2011 is 3bps higher than the front, I had never seen that before

I believe in the baseline scenario it will. When the SFP was brought back it absorbed $200b of excess reserves from the system, the EFF quickly added about 5bps. In a new QE scenario, I believe its quite likely it will be reversed. IOR could also be cut(though the odds seem low) Anyways, the...

People have been estimating the effects of QE in interest rates and GDP but I believe that is missing the point a little. BIS and Rogoff research indicates that delevering continues for on avg 7 years after a financial crisis, to me the biggest effect QE will have will be on the money supply and...

Liesman says Fed is surveying market participants to gauge market expectations on QE. QE2 looks like a done deal http://www.cnbc.com/id/15840232?video=1604558767&play=1

An alternative explanation which I heard from someone really intelligent is that its because they are enslaved by money psychologically as a result they need more and more to prove themselves that they are worthy as a person, which made this person said that in capitalism the poor is not being...

You might consider that they actually enjoy to do their work

Dudley: 'we will be easing as things are right now'. Contradicting Bernanke who says things need to get worse http://noir.bloomberg.com/apps/news?pid=20601087&sid=awt9pVrjv8Zg&pos=1

Heres a thought provoking blog post on M2/M3 and future NGDP http://www.newsneconomics.com/2010/09/money-quandary.html This suggests NGDP will fall, I have my doubts over the relevancy of M3 to predict future outcomes(Which was the reason the Fed dropped using it, not the Illuminati) but her...

Gross: Get out of the US for investment success http://www.cnbc.com/id/15840232?video=1602199741&play=1