Detroit Word Cloud
By Barry Ritholtz - December 11th, 2008, 7:30AM
via WSJ
"You know you are on the road to success if you would do your job, and not be paid for it." —Oprah Winfrey
Macro Notes
Inflation expectations rising to the highest since Sept ‘08Peter Boockvar
Ahead of the 2:15pm FOMC statement, the implied inflation rate today in the 10 yr TIPS is rising to 2.08%, matching the highest level since Sept 1st '08 when the fed funds rate was at 2%. Of course much has changed since with the economy but it highlights the dilemma the Fed faces with their dual mandate where they have to both satisfy the need for price stability and full employment. Assuming the FOMC leaves the statement about unchanged particularly with the part about keeping rates "substantially" low for an "extended period," it will be clear evidence that the Fed...
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December 12th, 2008 at 5:01 pm
I noticed when the Chrylser CEO spoke the word ‘dip’ came up a lot. Who was he referring to?
December 13th, 2008 at 6:05 pm
DIP – debtor-in-possession financing, maybe? As in a special form of financing for firms in Chapter 11.
December 13th, 2008 at 6:06 pm
Okay, just noticed the smiley at the end of your post. D’oh. Very funny.