Browsing Tag

monetary policy

Celtic Creditors and the Future of Europe and the Euro

William Black Dec 14, 2010

by William K. Black The struggle within the EU and the European Central Bank (ECB) over the nature of European project continues. The EU continues to be dominated by the French/German tandem. The Euro, once the great hope of the periphery…

Random Shots – 2011 Musings Edition

Claus Vistesen Dec 14, 2010

by Claus Vistesen (work in progress, but I thought that I would publish it thus far, stay tuned for more additions) I did have some plans to do a series of post to give a brief overview of my main macro and trade themes for 2011, but time…

Economy

Outlook for Swiss National Bank

Marc Chandler Dec 14, 2010

by Marc Chandler The Swiss National Bank meets Thursday. A change in its monetary stance is not likely for several months at least. However, the SNB will provide new GDP and inflation forecasts that investors may find helpful. The Swiss…

Markets

ECB: Where is the Shock and Awe?

Marc Chandler Dec 13, 2010

by Marc Chandler The Financial Times reports that as Trichet was holding a press conference after the recent ECB meeting, European central banks were buying large amounts of sovereign European bonds. Reports suggested that the amounts were…

Markets

FOMC Preview and Dollar Outlook

Marc Chandler Dec 13, 2010

by Marc Chandler A new factor has arisen that complicates the Federal Reserve’s task as it prepares for its last meeting of the year. The broad outlines of the agreement between President Obama and the Republican leadership on fiscal…

Political Economy

Sell Bernanke and the U.S. dollar; Buy gold and silver

Frederick Sheehan Dec 13, 2010

Who am I? What is Money? The Fed is Here to Help. by Frederick Sheehan Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession…

Political Economy

Bail out countries but bail in private, short-term creditors

Guest Author Dec 12, 2010

Despite its large size relative to the small Irish economy, the bailout of Ireland is not working. Risk premiums continue to rise. This column argues that part of the problem lies in a seemingly innocuous provision in the rescue facility…

Political Economy

The Fed: Time For Transparency and Accountability

Randall Wray Dec 12, 2010

by L. Randall Wray The Federal Reserve Bank was founded in an act of Congress in 1913, with its primary directive to “furnish an elastic currency.” Its mission was expanded in the aftermath of the Great Depression to include responsibility…

Economy

End QE2 And Stop Issuing Bonds

Randall Wray Dec 11, 2010

by L. Randall Wray We are in the third act of the theater of the absurd. In the first act, Chairman Bernanke created QE1, through which the Fed bought $1.75 trillion of assets from banks—mostly trashy mortgage backed securities, but also a…

Economy

Some Thoughts On Potential PBOC Tightening Path

Win Thin Dec 10, 2010

We don’t want to get too caught up trying to guess the timing of the PBOC’s moves. Suffice to say that over the next year, it will continue to use a combination of policy rate hikes, reserve requirement hikes, and currency strength to help…

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