Trichet Warns of `Protracted’ High Inflation

Unlike the Federal Reserve, Trichet and the EC are very concerned with high Inflation:

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Remember, the EC has a single charge — maintaining price stability — and is not concerned with maximizing growth . . .

Source:
Trichet Sees `Rather Protracted’ High Inflation
Gabi Thesing and Christian Vits
Bloomberg, May 8 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZrZpAw8DbmI&

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Category: Federal Reserve, Inflation, Video

Subprime Mortgages: America’s Latest Boom and Bust

Category: Books, Real Estate

Oil = $124

Category: Commodities, Energy

Advice for Billionaires on Getting Things Done

Category: Wages & Income

GDP Alternate Measure

Category: Data Analysis, Economy, Inflation

Is Inflation Really Understated? (No!)

Yesterday, I wrote: “David Leonhardt’s NYT columns are oftentimes insightful and illuminating. Unfortunately, today’s column is not one of those times . . .”  I promised readers (and David) an explanation. Consider this it. First off, I interpreted Leonhardt’s column as really two distinct issues — one psychological, one statistical. He got the first one…Read More

Category: Financial Press, Inflation, Psychology

Fannie Mae’s Home Prices Ex-Foreclosures

Category: Corporate Management, Data Analysis, Real Estate

Bernanke Urges Action to Avert Further Foreclosures

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Ben_berananke_56


Bernanke Urges Action to Avert Further Foreclosures

Federal Reserve Chairman Ben S.
Bernanke
, seeking to end the worst housing slump in 25 years,
urged the government and mortgage lenders to intensify their
efforts to avoid home foreclosures.    
      

Bernanke, in a speech in New York today, also reiterated his
call for lenders to forgive portions of mortgages for some
struggling homeowners. He said proposals should be “tightly
targeted” at borrowers at greatest risk of losing their
properties, and avoid providing an incentive for defaults.    

The Fed chief also backed the idea of having the Federal
Housing Administration refinance troubled mortgages, a concept
included in Democratic legislation in Congress, without
explicitly endorsing the bill. His remarks indicate a gap with
the Bush administration, which has preferred to rely on industry-
led efforts.    

"Realistic public- and private-sector policies must take
into account the fact that traditional foreclosure-avoidance
strategies may not always work well in the current environment,”
Bernanke said in remarks to a Columbia Business School dinner.    

Source:
Bernanke Urges Action to Avert Further Foreclosures
Scott Lanman and Alison Vekshin
Bloomberg, May 5  2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8EpYTgVyvcQ

Category: Economy, Real Estate, Video

CEA Chief: No Recession

Category: Economy

Word Problems for Future Hedge Fund Managers

Category: Trading