AS problems mount in the euro zone, it’s increasingly evident that we’ve been witnessing an institutional failure of monumental proportions. … The continuing crisis has sapped confidence in banks not only in Greece, but also in Spain, Italy, Portugal and Ireland, though to varying degrees. Unless there are explicit guarantees to these banks soon, the…
Tag Archive for Absence
Latest Business Headlines, Latest Business Headlines, Lee's Free Thinking
Plosser Says Rates Should Rise Before 2014 FOMC Target Date
by Lee Adler • • 0 Comments
Philly Fed President Charles Plosser said in a speech in San Diego: “You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous year,…
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London shares rise on upbeat US economic news
by Newswires • • 0 Comments
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Evil Lurks in the Shadlows of that "Strong" Housing Number
by Bears Chat at The Wall Street Examiner • • 0 Comments
The thinly traded equity markets took off today on the strength of some very good November numbers out of the Census Department on the U.S. home building sector (also, among a few other things, an absence of bad news from Europe – but that’s ano…
Bears Chat, Best of the Forums
Paranoia Is Good For You
by Bears Chat at The Wall Street Examiner • • 0 Comments
“I Lived. I Died. Now Mind Your Own Business.” — that’s how I want my tombstone to read.
What do I have to hide? Everything! Which is to say, every thing you demand to know from me is something I don’t want to tell you.
Privacy is the single most…
Liquidity Trader, Professional Edition
Market Slick With Pomaid
by Lee Adler • • 0 Comments
Facing $72 billion in new Treasury debts settling Monday, and with a little less help than usual from the Fed’s to grease the skids, the market got a haircut on Friday, and could get shave on Monday. These two days will be an interesting preview of a future without POMO aid. After Monday, the POMO…
Bears Chat, Best of the Forums
Why Everything Is Dirtier
by Bears Chat at The Wall Street Examiner • • 0 Comments
I’m old enough to have a vague memory of clothes so white that they were called bright. This happened despite the absence of additives — the ridiculous varieties of sprays and bottles and packets that festoon our cabinets today and that we throw i…
Liquidity Trader, Professional Edition
Supplies! Supplies! Surprise!
by Lee Adler • • 2 Comments
The Treasury floated $27 billion in net new supply this week, and the Fed’s POMO totaled–wait for it–$27 billion! Sheer coincidence, I’m sure. With the Fed buying every scrap of paper that the Treasury created, the market was able to digest it with ease. The 10 year yield dropped 17 basis points on the week.…
Liquidity Trader, Professional Edition
Light Supply, Fed Buying Spur Treasury Rally – Professional Edition
by Lee Adler • • 0 Comments
The Fed bought Treasury notes today in the second operation of the week buying longer dated paper. One more operation is slated for Thursday. In the absence of the Treasury offering any longer dated paper this week, the Fed’s buying is having an impact, with yields falling. That can continue as long as the Treasury…
