And so the headlines read -- “European Leaders Agree to Rescue Greece”, “EU Sends Clear Message of Greek Support”, and “EU vows Solidarity”. Bottom line - the EU got cold feet in pushing too hard on its first test case of a rogue member nation. The banks squealed and...
Yesterday's announcements by FNM and FRE that they will be buying out the bulk of their delinquent loans from existing pools in coming months rattled the mortgage market and sent high coupons (6s and 6.5s) swooning lower. As it stands it looks as though FNM will be...
While I am trying to get my hands on the Der Spiegel article translated to English, I did find this: http://www.newser.com/story/80527/goldman-helped-greece-hide-catastrophic-debt.html which is making the rounds this am and adding fuel to EUR fire. Bottom line is that...
There are a couple things on my mind this morning as the bond markets bounce around in tight ranges. The House Financial Services Committee convenes tomorrow with Bernanke being forced to lay the groundwork for the exit strategy. Kohn's speech last week will likely...
What is going on in Europe is affecting ALL markets. While there are many complex forces at work, there actually is a very simple storyline that we sadly have witnessed not too long ago. At the center of the firestorm is the simple fact that European (and Global)...
History of Fed Chairman votes: G. William Miller March 3, 1978 unanimous consent Paul C. Volcker August 2, 1979 98-0 Paul C. Volcker July 27, 1983 84-16 Alan Greenspan August 3, 1987 91-2 Alan Greenspan February 27, 1992 unanimous consent Alan Greenspan June 20, 1996...
History of Fed Chairman votes: G. William Miller March 3, 1978 unanimous consent Paul C. Volcker August 2, 1979 98-0 Paul C. Volcker July 27, 1983 84-16 Alan Greenspan August 3, 1987 91-2 Alan Greenspan February 27, 1992 unanimous consent Alan Greenspan June 20, 1996 91-7 Alan Greenspan February 3, 2000 89-4 Alan Greenspan June […]
