Remember the August 10, 2010 FOMC meeting? After the statement was released we wrote a commentary entitled the "The Top 10 FOMC mistake list – a new addition” (see the link “NSN L7TH583PWT1D” on your BB). It was the meeting where Ben thought he was setting the stage...
So, the colonel wimped out. He didn’t listen to his academic consigliore – Rogoff, Woodford and Geanakoplos. And he left the most courageous Fed President – Charlie Evans – out in the cold. Instead he went for a compromise after feeling the heat from both a highly...
At the FOMC meeting which begins today, there will likely be 3 alternatives presented in the Bluebook - A, B and C. Below we present what the statement might look like under each alternative. The more dovish Alternative A would likely call for 600b of longer dated...
Just a very short note today as I'm headed to the airport to start a 7 day trip across the US. I am putting a note together on what the FOMC statement might look like next week so keep an eye out - this is going to be one of the most important FOMC meetings […]...
In most ways the excess borrowing by, and lending to, European sovereign nations was no different than it was to US sub-prime households. In both cases loans were made to folks that never had the means to pay them back. And these loans were made in the first place...
Our scorching summer has official ended but fear levels remain red hot. One only needs to look at a chart of the German Bund, the US 10yr, the Greek 2yr, Gold or any money center bank stock price to see that markets are anticipating some catastrophic events this...
Our scorching summer has official ended but fear levels remain red hot. One only needs to look at a chart of the German Bund, the US 10yr, the Greek 2yr, Gold or any money center bank stock price to see that markets are anticipating some catastrophic events this autumn. In the last couple months we […]
