Snow, Bies, Poole, Mobius, Faber Discuss U.S. Economy

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Former Federal Reserve officials William Poole and Susan Bies said
it wouldn’t be wise for policy makers to cut the benchmark U.S.
interest rate below the current 2 percent. "We have an adjustment in
housing that has to take place,” Poole, former president of the St.
Louis Fed, said during a one- hour Bloomberg Television special,
"Surviving the Slowdown,” yesterday. "I do not think rate cuts are
going to solve the basic problem.”

The former Fed officials’
remarks underscore the risk that more rate reductions may fan
inflation, which is accelerating because of rising prices of food,
energy and other commodities. The Fed said "uncertainty about the
inflation outlook remains high” and indicated it’s ready to pause its
rate cuts by dropping a reference to "downside” risks to growth.

Poole, Bies Say More Fed Rate Cuts Wouldn’t Stem Slowdown Much
Vivien Lou Chen and Kathleen Hays
Bloomberg May 1 2008

Category: Credit, Economy, Federal Reserve, Inflation

Barron’s Panic Euphoria Model

Category: Markets, Psychology

Inflation Index Bonds Now Paying 0%

Category: Fixed Income/Interest Rates, Inflation

BMO’s Don Coxe on Food Prices and Shortages

BMO Financial Group global portfolio strategist Don Coxe discusses Food prices, shortages, and the appropriate investment strategy in the face of the recent food crisis:

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courtesy of BNN

Market Morning
Global Portfolio Strategy [04-30-08 10:10 AM]
BNN, April 30, 2008

Category: Commodities, Inflation, Television, Video

AAii Sentiment Data

Category: Psychology

‘Like Watching Dinosaurs Mate’

As we await what is happening with Microsoft and Yahoo, Aaron Task and I discussed the bigger picture as to what happens next on the internet.

This was all pretty off the cuff stuff (in case you cannot tell) but its how I really feel about the players involved:

That headline was actually spontaneous (I can turn a phrase, huh?)

Ok, feel free to write what a MSFT basher I am (no arguments from me)

Category: Digital Media, Video, Web/Tech, Weblogs

GDP Charts

Category: Data Analysis, Economy

McCain & Clinton Fail Economics 101

Category: Commodities, Energy, Politics

Becker, Phelps, Scholes & Spence on Decoupling

Nobel laureates in economics Gary Becker of the University of Chicago, Edmund Phelps of Columbia University, Myron Scholes of Stanford University, and Michael Spence, former dean of the Stanford University Business School, participate in a panel discussion at the Milken Institute Global Conference in Los Angeles about the theory of "decoupling" and outlook for the U.S. and global economies.


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Becker, Phelps Are Optimistic on U.S. Economic Outlook
Bloomberg, April 29 2008

Category: Economy, Video

Defending Bernanke

Category: Commodities, Federal Reserve, Inflation, M&A