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Tag Archives: the fed
The Fool in the Shower
‘Fool in the Shower’ to Give Fed a Good Scalding: Caroline Baum: What the Fed is saying, in essence, is that as the economy improves, it’s appropriate to provide as much stimulus, or support, as it did in late 2008, … Continue reading
30 Year Mortgage Rate Down to 3.88%
Interest rates on the 30-year fixed-rate mortgage hit another low this week, averaging 3.88% in Freddie Mac’s most recent survey of conforming mortgage rates, released on Thursday. The mortgage averaged 3.89% last week and 4.74% a year ago. Rates averaged … Continue reading
Is the Fed Buying Puts on US Treasuries?
Seeking Alpha – Is This What Hyperinflation Looks Like From the Inside?: Some have speculated that the Federal Reserve is writing (selling) puts on Treasuries to keep rates low. As Frederick Sheehan notes, “the Fed-sponsored put option is the logical … Continue reading
U.S. Money Supply Gone Wild
“Inflation is always and everywhere a monetary phenomenon.” – Milton Friedman If uncle Milty is right, we’re in trouble. From the St. Louis Federal Reserve via Zero Hedge: UPDATE: In comments, Douglas notes that the chart above doesn’t show the … Continue reading
Printing worthless currency is illegal? Someone should tell Ben Bernanke.
Zero Hedge – FBI Busts Mastermind Criminal For Issuing Silver Currency, Demanding Repeal Of Fed And IRS; Faces 15 Years In Prison. Counterfeiting – Printing money willy-nilly and releasing it into the economy. Quantitative easing – Same thing, when the … Continue reading
Normal Interest Rates Would be a Disaster for U.S. Debt
“The Most Predictable Economic Crisis in History”: If fewer people are willing to lend us money, the more we’ll have to shell out in higher interest payments. And if bond buyers lose confidence in our ability to make good on … Continue reading
Bonus 2011 Deficit FAQ: Why is the Federal Reserve buying U.S. Treasuries?
“An abundance of money which would lower the interest rate to two per cent would, in reducing the financing costs of the debts and public offices etc., relieve the King.” – John Law, Controller General of Finances of France, 1720 I … Continue reading
Loose money policy and inflation, not bad weather, causing high food prices
The Real Reason for Rising Commodity Prices: An article today in The Wall Street Journal highlights the latest rise in the price of wheat. Blaming bad weather, it notes that the “global wheat market is caught between freezing winds and … Continue reading
Frequently Asked Questions About the 2011 Deficit
What’s the expected 2011 U.S. budget deficit? $1.5 trillion What percent of the 2011 budget is that? 40%. So out of every 10 dollars the government will spend this year they’ll get 6 from tax revenues. They have to borrow … Continue reading
It seems that way
John Mauldin (.pdf): Really? Is it the third mandate of the Fed now to foster a rising stock market? I wonder what the Fed’s target for the S&P is for the end of the year? That would be an interesting … Continue reading
The Daily Show on Ben Bernanke
Federal Reserve Chairman Ben Bernanke on CBS’s “60 Minutes” last year: PELLEY You’ve been printing money? BERNANKE Well, effectively. And we need to do that, because our economy is very weak and inflation is very low. when the economy begins … Continue reading
JP Morgan Silver Manipulation Explained
by cartoon characters: A mix of facts and speculation, but entertaining. They’re right about J.P. Morgan being the custodian for the SLV ETF while simultaneously shorting hell out of silver. Avoid the GLD and SLV ETFs. Physical is best. If … Continue reading
Gold would need to go to $3500 to match the 1980 high
Gold is on a 10 year winning streak. It was $300 per ounce in 2000 and is $1,335 today. The question everyone is asking is how high will gold go? No one knows for sure, but one reference point is … Continue reading
Silver, Y’all
Thursday morning my 401k was roughly 70% gold and 30% silver. By market close I sold some gold and bought some silver so that I’m now roughly 50/50. I think both metals are going to increase due to additional Federal … Continue reading
Bank of Japan Announces ZIRP, Debt Monetization
BOJ reverts to zero rates, pledges to buy more assets: The Bank of Japan on Tuesday pledged to pump more funds into the struggling economy and keep rates virtually at zero, surprising markets and stealing a march on the Federal … Continue reading
Ambrose Evans-Pritchard: I was wrong to defend the U.S. stimulus and the Federal Reserve
The Telegraph – Shut Down the Fed (Part II): I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not … Continue reading
Federal Reserve Suddenly Shows $420 Billion in Surprise Loans
Mark Denninger wonders how the Federal Reserve loaned $420 billion in a single week at the end of March. One possibility comes from Seeking Alpha: Bank Lending and the Banking System Remain Weak: The commercial banking figures for the banking … Continue reading
Interest rates to rise or fall? The man who sets interest rates says “rise”
Ben Bernanke is chairman of the Federal Reserve, which sets the interest rate at which banks borrow money in the United States. He apparently thinks the Fed is going to raise rates, judging by the fact that he refinanced his … Continue reading
U.S. Will Have to Sell 11X Fixed Income in 2010 to Keep Running
ZeroHedge – Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold… Or Else: Here is the only math you need to know as we all look at 2010: in 2009 US Dollar denominated fixed income … Continue reading
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