It appears that a US government shutdown is coming closer to reality - again. Since 1976 there have been 17 - with the 1995/96 shutdown of 21 days the longest in modern history. If on August 2nd there is no budget deal, then we should see number 18. Did financial...
It was a little over 1 year ago that Le TARP was announced. It soothed beaten European markets for a short time before its core operating facility - the EFSF - was stripped of the bulk of its advertised power to act directly in markets by a German led contingent of...
Catchy title huh? Of course I don't have the plan. But the rumor mill is swirling with possibilities - Greek haircuts, bank taxes, ECB accepting defaulted bonds, EFSF secondary buying, EFSF loans etc. etc. Expectations are high and we will need to see something fairly...
First of all a number of clients picked up on a rather large typo in my commentary from a few hours ago. The last sentence read - "The Germans will not destroy EMU but there will be some countries that may make it through to the end." It should have read - "The...
A perfect speech from Ben!!! I would have titled it "The semi-annual affirmation of the Bernanke Put to the Congress" or maybe better and more simply put "Buy spoos, I got your back". I liked this except on how the Fed describes QE policies - "by removing substantial...
A perfect speech from Ben!!! I would have titled it "The semi-annual affirmation of the Bernanke Put to the Congress" or maybe better and more simply put "Buy spoos, I got your back". I liked this except on how the Fed describes QE policies - "by removing substantial quantities of longer-term Treasury securities from the […]
