monetary policy

From Win Thin Inflation data out of Asia today points to rising risks of food-driven inflation. While that should not have monetary policy implications if due solely to supply side disruptions, it could lead to policy responses if…

It's inflation that the Federal Reserve is after. Everyone knows this. The Fed has made it explicit. The sentence from the FOMC that Marshall highlighted yesterday shows you that: "The Committee will continue to monitor the…

by Comstock Partners The stock market rally is on shaky ground and severely overextended. It is being propelled by a combination of momentum-oriented trading strategies and dubious fundamental assumptions. The traders have no real…

by Annaly Capital Management We attended Chairman Bernanke’s lecture last Friday at Princeton University, primarily because there was going to be open Q&A. As it turns out, despite our eagerly raised hand we were not called, the…

This an excerpt from yesterday's daily commentary from David Rosenberg. Two things happened on Friday: First, a very successful hedge fund manager was on CNBC and (between songs, apparently) told viewers that the equity market now…

During this credit crisis, you keep hearing talking heads act as if deflation is the worst thing that could hit an economy. Just a few years ago we kept hearing people talking about inflation as if it were the thing to avoid. Now suddenly,…

There has been a lot of speculation about what the Federal Reserve will or will not do regarding quantitative easing (QE) in order to boost the economy. With the Obama administration constrained regarding fiscal policy, attention has turned…

by Annaly Capital Management Last Friday was a Z.1 Flow of Funds day, always a fun day. The 137 page report from the Federal Reserve features data for the second quarter of 2010. Total credit market debt outstanding grew slightly during…

Brazilian officials are getting more serious about curbing the real's strength. First the central bank appears to have stepped up the amount of intervention and has been conducted two auctions a day to buy dollars since Sept 8. Local…

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  (McGraw-Hill, 2009). It is unfortunate the media does not make better use of an…