The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the…
Tentative Outright Treasury Operation Schedule The Desk’s tentative operation schedules associated with outright purchases and sales of Treasury securities as announced by the FOMC. …
Bernanke’s testimony to the House last week and to the Senate yesterday held no surprises. Ben has promised to maintain monetary policy at DEFCON 4 levels for as far into the future as we can see.
The prepared remarks were identical for both present…
http://www.federalreserve.gov/newsevents/press/monetary/20111213a.htm
Release Date: December 13, 2011
For immediate release
Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding mo…
In both Europe and America the financial sector has been on the edge of disaster for the last three years. Each time a crisis flares up, the fixers rush in with a remedy. Bailouts, TARPs, TALFs, ZIRPs, QEI, QEII and now the ‘twist’.
In its lat…
A new study suggests it is highly unlikely that the Treasury would actually default on its debt beginning in early August if the White House and Congress fail to agree on a long-term deficit-reduction plan and an increase in the current $14.3 trill…
January 10, 2011
The Fed’s QE2 Traders, Buying Bonds by the Billions
By GRAHAM BOWLEY
Deep inside the Federal Reserve Bank of New York, the $600 billion man is fast at work.
In a spare, government-issue office in Lower Manhattan, behind a bank of …
A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Fed?, queries John Hussman. The current debate says the Fed’s policy of purchasing Treasuries has caused yields to rise in the …
This article is an excerpt from the Wall Street Examiner Professional Edition Fed report of 7/17/10. It is still timely. It will always be timely…