Tag Archive for Economic Recovery

My FOMC Statement

The Fed’s anointed ones in the media and in the earlier release of the TBAC statement this morning said that the Fed would do $100 billion a month in purchases of longer term Treasuries. Lo and behold the Fed came in light at $75 billion a month, disappointing the market initially. This is more than…

The Hamster Wheel Speeds Up – Professional Edition

What a difference a few words make. Last month it was Quantitative Leveling 1.5 (QL 1.5). This month it’s this little FOMC firebomb: The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time,…

How Durable the Economic Goods

Economists touted today’s manufactured goods gains as the linchpin of the economic recovery. Considering that manufacturing accounts for only 11% of the US economy, and durable goods is about half of that, that’s hanging a lot on this one sector. Is there any reason for bullishness on this?

Tax Revenues Plunge Again, More Supply Ahead- Professional Edition

The Fed’s balance sheet shrank again last week as it settled only a couple billion in securities purchases which wasn’t enough to offset declining levels of alphabet soup. The Treasury market got whacked by big supply. Even though bid covers were strong, buyers wanted higher yields as they bought into the economic recovery story, which…

Bernanke- The Right Reform For The Fed- Translated

The following is a translation of the Bernanke OpEd piece in today’s Washington Paste taken from the pages of our message board.. by Heywood (Wall Street Examiner Forums)Nov. 29-  For many Americans, the financial crisis, and the recession it spawned, have been devastating — jobs, homes, savings lost. Understandably, many people are calling for change.…