Alan Blinder, an economics professor at Princeton University and former vice chairman of the Federal Reserve, talks with Bloomberg’s Tom Keene about Federal Reserve monetary policy, the risks of inflation, Treasuries and employment.
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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May 30th, 2009 at 12:28 pm
Assuming the Federal Reserve is not disbanded, who should replace Bernanke? My vote would be Blinder.
May 30th, 2009 at 5:47 pm
fear in the bond market, greed in the stock market, and we’ll all make out like bandits.