From Charles Hugh Smith…
The Fed has galloped into a box canyon with no escape; no matter what it does, QE3 will “disppoint” the markets.
I think we can safely predict that “Quantitative Easing 3” (the next round of fiat money creation) will “d…
Tag Archive for Zero Interest
Economics, Liquidity Trader, Professional Edition
Bernanke’s Narcissistic Swill- Professional Edition
by Lee Adler • • 4 Comments
The Treasury began to pay off the weekly $25 billion in SFP CMBs this week resulting in a net paydown of $12 billion at Thursday’s bill settlements. That was a bullish influence on stocks as expected, but indirect bid data suggests that the FCBs weren’t all that aggressive in their bidding at the regular bill…
Bears Chat, Best of the Forums
US is Economic Vandal
by a Wall Street Examiner •
This is economic vandalism.
QuoteInstead of threatening others, the US should put its own house in order. The Federal Reserve helped cause the mess we are in and is now sowing the seeds for the next crisis. Having wrecked the US economy by encourag…
Bears Chat, Best of the Forums
Goldman Sachs, Morgan Stanley Split on Junk as Prices Soar
by a Wall Street Examiner •
Goldman Sachs, Morgan Stanley Split on Junk as Prices Soar: Credit Markets
By John Detrixhe – Sep 23, 2010 5:59 AM ET
Morgan Stanley says investors should buy the lowest-rated corporate debt, while Goldman Sachs Group Inc. says stay away, underscorin…
Liquidity Trader, Professional Edition
There Goes That Theory- Professional Edition
by Lee Adler • • 0 Comments
In a review of the commercial paper and money fund data we saw evidence of a stall in the explosive rate of transfer of assets into money market funds. They lost about $24 billion in the week ended 2/23, over a period where the S&P lost nearly 100 points. There goes the theory that all…
