The Credit Crisis Financial Stocks Short Journal

Lacker is crazy as ever
http://www.cnbc.com/id/15840232?video=1461464858&play=1

Says supports extended period but doesn't think its a time table, Fed will still do policy based on the data. That doesnt make much sense, they ALWAYS do policy based on the data, one should ask him: what is the difference between having the statement and looking at the data and not having it and looking at the data?

The truth is, a few select hawkish members of the Fed are effectively removing the statement by creating uncertainty back in the marketplace when they say its not a timetable. The top 3 or 4 dogs of the Fed(Bernanke, Dudley, Kohn and Yellen) to my knowledge haven't said anything of this kind however
 
EFF printed 0.20% yesterday, its been a while at that level. Libor is reaching 0.30%, the OIS 3m is at 0.21%, to me this is surprising, the rise in the EFF has been steady and it might not stay around 18bps as I had expected
 
Interesting, this guy David Altig sits on the FOMC as a watcher
http://macroblog.typepad.com/
He might let it slip a few interesting details(that will not be priced by the markets because the information is too damn hidden)

You can check all the people that watch and are present in the beginning of the FOMC minutes
 
ralph00,
say goodbye to your 1% FF by summer
http://blogs.wsj.com/economics/2010/04/07/feds-dudley-calls-for-action-on-bubbles/

"The official indicated interest rate policy is not the best tool to moderate a market that’s running wild.

Because every bubble is its own beast, “a rules-based approach to bubbles is likely to be ineffective,” Dudley warned. Instead, talking and regulation appear best suited to the task at hand. “Use of the bully pulpit and macro-prudential tools, such as rules limiting loan-to-value ratios or leverage, are likely to prove superior to monetary policy,” Dudley said."
 
Quote from Daal:

Interesting, this guy David Altig sits on the FOMC as a watcher
http://macroblog.typepad.com/
He might let it slip a few interesting details(that will not be priced by the markets because the information is too damn hidden)

You can check all the people that watch and are present in the beginning of the FOMC minutes
More...
an easy way to restrict the size of banks would be to cap the fdic insurance,it would limit the number of 200k accts,if you couldnt be insured ,you would have to be at another bank
 
Quote from Daal:

ralph00,
say goodbye to your 1% FF by summer
http://blogs.wsj.com/economics/2010/04/07/feds-dudley-calls-for-action-on-bubbles/

"The official indicated interest rate policy is not the best tool to moderate a market that’s running wild.

Because every bubble is its own beast, “a rules-based approach to bubbles is likely to be ineffective,” Dudley warned. Instead, talking and regulation appear best suited to the task at hand. “Use of the bully pulpit and macro-prudential tools, such as rules limiting loan-to-value ratios or leverage, are likely to prove superior to monetary policy,” Dudley said."
More...

I hope you're right. I am still long these ge calls. I understand well the case for owning them. Its my nature to seek out and dwell on information that will send their value to zero.:(
 
According to Greenlaw
"Excluding the effects of bad weather and Census hires, we estimate that payrolls rose by 14,000 in March versus +71,000 in February and +5,000 in January. "
 
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