A few clients have sent this over....we know where Bullard stands so it’s not really news, but interesting on the "reverse taper" notion - this is sort of like our idea that they start with weekly auctions in the 3 to 5 billion area. When we see an interview like this...
The most significant news over the weekend was the Greek bailout package. As was rumored late last week, the Greeks have been offered what amounts to 25% of the TARP funds!! The big guns came out last week and the EUR rallied off the lows of 1.31 up towards 1.335 into...
There is no significant changes other than a modest move in the housing language and some minor changes in Hoenig's dissent...He has added some qualifications to the dissent at the end making it sound more dovish - specifically the statement reading - "while limiting...
There has been lots of talk about Greece, Portugal, Spain, etc. leaving the EUR, revaluing their currency, getting their fiscal houses in order, and then coming back more competitively to the Eurozone. Rubbish! It’s the Germans that look like the odd country out in...
So it’s a pretty exciting opening day at the Milken Global Conference. The early morning panel with Steve Forbes, Ken Griffin, Mark Lasry and Mohamed El-Erian was very entertaining. All panelists saw unemployment at 8% to 9% in 12 months time and equities rallying...
So it’s a pretty exciting opening day at the Milken Global Conference. The early morning panel with Steve Forbes, Ken Griffin, Mark Lasry and Mohamed El-Erian was very entertaining. All panelists saw unemployment at 8% to 9% in 12 months time and equities rallying further. Everyone except El-Erian saw 3 to 4% US growth per […]
