Posts filed under “Bailouts”

The ABCs of ECB’s QE

ECB 1
Source: Bespoke Investment Group

 

 

The European Central Bank announced its latest — and belated — program of quantitative easing last week. The ECB made fresh commitments to buy a series of asset-backed securities (ABS), various bonds and expanded its previously announced Long-Term Refinancing Operations (LTROs).

The ECB’s brand of quantitative easing is an incredibly complex process. I could try to write 2,000 words explaining how the ECB uses bonds, loans and cash to prop up the European economy, stimulate lending and lower the value of the euro. But that mind-numbing exercise isn’t necessary thanks to the flow chart above from Bespoke Investment Group.

 

Continues here

 

 

Category: Bailouts, Digital Media, Federal Reserve

No Banker Crimes? Don’t Make Me Laugh!

“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate discussion: The reason that senior bankers did not face charges, even though investigators interviewed countless witnesses…Read More

Category: Bailouts, Foreclosures, Legal, Really, really bad calls

When and how should the Fed exit?

Category: Bailouts, Federal Reserve, Think Tank

Our Bifurcated Recovery

The Standard & Poor’s 500 Index closed yesterday at a record high of more than 2,000. Yet many people feel that the economy is weak. There are numerous reasons for this, but the one I want to focus on has to do with employment and wages. The economy feels weak because, depending on your education,…Read More

Category: Bailouts, Consumer Spending, Cycles, Economy, Employment

MiB: Sheila Bair, Chairman of FDIC

Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., describes what it was like in the room with former Treasury Secretary Hank Paulson and former Federal Reserve Chairman Ben Bernanke when the global economy was on the verge of falling into the abyss in this week’s “Masters in Business” podcast. Listen to the…Read More

Category: Bailouts, Media, Podcast

The System Worked (?!)

Dan Drezner, author of The System Worked, discusses how we avoided another Great Depression.

Category: Bailouts, Video

How Greenspan Became the ex-Maestro

On this day in 1987, Alan Greenspan became chairman of the Federal Reserve Board. This anniversary allows us to take a quick look at what followed over the next two decades. As it turned out, it was one of the most interesting and, to be blunt, weirdest tenures ever for a Fed chairman. This was…Read More

Category: Bailouts, Federal Reserve, Markets, Really, really bad calls

QE Auctions of Treasury Bonds

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Tapering Is Now Tightening

Tapering Is Now Tightening David R. Kotok July 19, 2014     For a long time, as we saw it, tapering and the threat of tapering (as in last year’s taper tantrum) did not constitute tightening. Today we explore why we believe the situation has now changed. In order to understand why tapering was not…Read More

Category: Bailouts, Credit, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Chair Janet L. Yellen: Monetary Policy and Financial Stability

Chair Janet L. Yellen: Monetary Policy and Financial Stability At the 2014 Michel Camdessus Central Banking Lecture, International Monetary Fund, Washington, D.C. July 2, 2014   It is an honor to deliver the inaugural Michel Camdessus Central Banking Lecture. Michel Camdessus served with distinction as governor of the Banque de France and was one of…Read More

Category: Bailouts, Federal Reserve, Think Tank