Former Chairman Ben Bernanke doesn’t regret much about the Fed’s actions since the financial crisis. But there’s one thing he does regret, he says: he didn’t explain the Fed’s actions to the American people. If he just could have explained his “wealth effect!”
Tag Archive for Financial Repression
Contributors- Economic and Financial, Must Read, Wolf Richter
Junk-Debt Time Bomb: Ticking Till The Fed’s Money Dries Up Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Discount retailer Loehmann’s did what other retailers – and a large number of other junk-rated companies – will do once the Fed allows a sense of reality into the markets: it filed for bankruptcy. Investors had refused to fund fu…
Contributors- Economic and Financial, Must Read, Wolf Richter
Where the Heck Do You Put Your Money When Tapering Starts? Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Exuberant wealth managers expect another phenomenally good year for stocks in 2014, followed by more great years. They see bonds and bond funds as a juicy investment that belongs in every diversified portfolio, damn the torpedoes. They’re the vast majority of wealth managers.
Contributors- Economic and Financial, Must Read, Wolf Richter
Fed: Hedge Funds, Banks Sell Crappiest Debt To Small Investors (Before Credit Bubble Blows Up) – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
In its report on shadow banking, the New York Fed buried some nuggets: Hedge funds and banks are bailing out of the highest-risk “opaque” but now relatively low-yielding loans – low yielding thanks to the Fed’s repressive moneta…
Contributors- Economic and Financial, Must Read, Wolf Richter
David Stockman: How The Fed Helped Bushwhack TXU – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
David Stockman, Budget Director under President Reagan and then a partner at private-equity firm Blackstone Group, has graciously permitted me to post excerpts from his bestseller, THE GREAT DEFORMATION: THE CORRUPTION OF CAPITALISM IN AMERICA. This is the second installment from Chapter 25, “DEALS GONE WILD: Rise of the Debt Zombies.” In this chapter, he vivisects…
Contributors- Economic and Financial, Must Read, Wolf Richter
Iron-Fisted Bank Of Japan Is Losing Its Grip- Wolf Richter – Testosterone Pit
by Wolf Richter • • 0 Comments
Stability in the Japanese government bond market is “extremely desirable,” said Bank of Japan Governor Haruhiko Kuroda in a sign of just how frazzled he was after the turmoil and craziness that his over-the-edge experimental monetary policy…
Contributors- Economic and Financial, Must Read, Wolf Richter
The Fed’s Fear Scale: Holdings of Cold Hard Cash At A Record- Wolf Richter- Testosterone Pit
by Wolf Richter •
In 1969, notes greater than $100, including the cool $10,000 note that would still pay for a lot of things, were retired due to “declining demand.” Prematurely, it turns out. Because demand for cold hard cash, despite plummeting use of it for transactions, has surged. Reason: fear. Modern payment technologies have been taking over transactions. Since 2000, transaction…
Contributors- Economic and Financial, Must Read, Wolf Richter
David Stockman: “Money Printers And Wall Street Coddlers” – Wolf Richter- Testosterone Pit
by Wolf Richter •
Disclosure: I’ve been a fan of David Stockman ever since he got in trouble for speaking the truth as Director of the Office of Management and Budget under President Ronald Reagan in 1981. As part of the Reagan Revolution, he’d had the audacity to disparage certain aspects of its supply-side policies! Last May, I posted…
Contributors- Economic and Financial, Must Read, Wolf Richter
The Eurozone Rift: It Would Be Wrong “To Give In To Panic”- Wolf Richter- Testosterone Pit
by Wolf Richter •
Euros entered circulation on January 1, 2002. For six years, they grew on trees in southern Europe. But the bubble got pricked. Since then, the monetary union has been in crisis. Almost half of its existence! Until suddenly, its problems were solved. B…
Bears Chat, Best of the Forums
Rickards: Surprise! The Volcker rule as proposed does have teeth!
by Bears Chat at The Wall Street Examiner • • 0 Comments
in return for not shutting them down and sending people to jail.
“Treasury market will be fine, the banks will be captive buyers”
because they won’t be allowed to do anything else.
“Financial Repression”
lex Dexia? Did the US get this idea from st…
