WSJ: QE 2 Will Be Completed As Planed
FED pre-announcement via. WSJ…
Posts Tagged ‘Ben Bernanke’
FOMC Minutes – February 16, 2011
Did not have time to review this yesterday… Most important – economic projections were raised up. Theme remains unchanged: inflate.
FOMC Statement – January 26, 2011
New: Formulation that despite rise in commodity prices longer-term inflation expectations have remained stable and; Since Mr. Hoenig in no longer a voting member all FOMC members voted in favor of FOMC monetary policy action.
FOMC Minutes – January 4, 2011
Nothing exciting and new upon first (skim)reading.
FOMC Statement – December 14, 2010
Literally nothing new here.
Bond Market Challenging FED Goals?
The bond sell-off was much hyped across the media and various commentators have provided various explanations. From my point of view all of the reason’s given don’t make much sense. So, we’ll have to wait and see if something meaningful comes along.
I’ll only repeat the famous phrase ” Don’t fight the FED”, especially taking into account that they (FED) have proved that they are capable of doing everything needed to achieve their goals.
Monthly Strategy – Holiday Edition – December 2010
In the last months global economic outlook has improved a bit. In U.S. we can see signs of personal consumption and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Fall in initial jobless claims is clearly being offset by inflow of people into the workforce; job creation still weak.
“Helicopter Ben” On CBS 60 Minutes
Summary: Economy is barely expanding at a sustainable pace; Will print more money if needed.
U.S. Consumer Price Index Rose 0.2% In October
U.S. consumer price index rose 0.2% in October vs. 0.3% consensus and September reading of 0.1%. On year level CPI inflation is running at 1.2%…
Ben S. Bernanke: What the Fed did and why: supporting the recovery and sustaining price stability
And the view from the man himself. The Washington Post: What the Fed did and why: supporting the recovery and sustaining price stability. By Ben S. Bernanke Thursday, November 4, 2010 Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at […]
Gavyn Davies: QE2 is about asset prices, not the economy
This is the best QE2 analysis out-there. FT Blogs Post: QE2 is about asset prices, not the economy
FOMC Statement – November 3, 2010
$600 million over 8 months. More than consensus, but less what was expected before WSJ story. The pace of asset buying on lower bound of expectations. FED Press Release. Slow recovery confirmed. Core inflation measures moved lower. Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in […]
Monthly Strategy – November 2010
In the last month global economic outlook has improved a bit. In U.S. we can see some signs of retail sales and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Recent fall in initial jobless claims has to be confirmed this week as […]
WSJ: Smaller Than Expected QE 2
The newspaper with the best track record on guessing (or maybe pre-announcing) FED policy changes reports that the QE 2 size will be smaller than market expects. The central bank is likely to unveil a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months, a measured approach in contrast to purchases of […]
Monthly Strategy – October 2010
This months strategy is a little bit late because your favorite blogger is feeling (a bit) nihilistic in the last weeks. We have had a nice run in September in almost all asset classes. Reasons: recent economic data is not deteriorating as fast as feared and the central bankers determination to extend monetary stimulus is stronger […]