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Recent Recommendations
What? Where are the authors?
Inflation or deflation, what follows.
Would love comments on this. thanks.
BILL POOLE IS A SHAME... A SHAME....
`There has been a policy shift, but the Fed is not transparently announcing what it is doing and why,
Is this really a mystery? Has Poole not noticed something going on in the US economy for the last year or so?
Or has Poole been using the Wright Model B?
Is this how real human beings feel?
no, ac... you'll feel like a human when you sell for 90cents
Bernanke said in a congressional hearing yesterday that the expansion of the Fed's balance sheet makes it more difficult to control the federal funds rate.'' It isstill an issue we are working on,'' he told the House Financial Services Committee.
I'll just drop the charts/data that demonstrate what Poole is talking about
Federal Funds Chart
Federal Funds Rate Data - Federal Reserve Bank of New York
It's past my bed time, adieu. Peut-être nous échaperons le coup de grâce pour une autre journée
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Financials need at least $1-1.2 trillion: analyst
| Reuters
Financials need at least $1 trillion: analyst
"The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said."
so what happens when the congress loses faith in the FED and tries to
tie their hands? sort of like investors being shaken out of their positions.
seroius question.
When are we going to start seeing some serious dialogue about nationalizing the U.S. banking system or are we going to keep throwing taxpayer dollars into the black hole?
If this is being blogged about anywhere else, pls provide links. Thanks.
Earlier I asked when would the rest of the world figure out we are in a liquidity trap.
"Deflation" is now topmost in Business at Google News.
Hmmn, S&P futures trading below 800.
New Post (Already!)
I wonder if the cost of a government-sponsored program designed to end US dependence on foreign oil would compensate for any deflationary pressure.
Can't believe Poole doesn't know that the Fed now pays 1% interest on reserves and the FDIC charges 75 bp for insurance. In this environment 25 bp risk free looks a lot preferable to 75 bp lent unsecured to another bank.
Hmmm... they'll need to try harder to get inflation roaring again so that we can all work more for less!
IMO, like in 1933, a currency devaluation is on its way.
What the Fed is doing is the mad scramble you see when someone's panicking. Simple as that.