“In late ’08 and early ’09, the cash rate was lowered quickly, to a very low level, in expectation of very weak...
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“There’s a lot of risk going ahead of some big bumps. There’s a very big risk that markets have been irrationally exuberant.”...
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~~~ click for Bloomberg video Source: Stiglitz Says Markets ‘Irrationally Exuberant’ About Recovery Francine Lacqua and Jeremy...
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U.S. stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall...
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I expect the Fed to lose their Appeal: “The Federal Reserve should be forced to identify companies that received loans from the...
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The question of whether banks in the aggregate are lending or not gets partially answered every Friday when the Fed releases the assets...
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click for video > Source: “This Week” Transcript Former Chairman of the Federal Reserve Alan Greenspan ABC, October 5,...
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A rather interesting and eclectic set of readings: • Inside the Crisis:Larry Summers and the White House economic team (New Yorker) •...
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Former Morgan Stanley analyst Andy Xie explains why the crisis is leading to other problems, including bubbles . . . > The financial...
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The 10 year TIPS reopening auction was solid and bidding was aggressive. The yield was about 5 bps below expectations and the bid to...
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