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Browsing Tag
quantitative easing
Another Piece of the Yen Puzzle
Investors and policy makers alike are befuddled by the yen. Its strength continues to defy the traditional explanatory models that typically give a privileged position to risk appetite, interest rate differentials, or external positions.…
The Fed Underwrites Asset Explosion
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). "That the economists...can explain neither prices nor the rate of…
The Problem With QE2
by Comstock Partners Economic growth remains extremely subdued and a double dip is still a strong possibility. In the first 4 quarters of the current recovery ended June 30th, GDP increased at a rate of 3% annualized, compared to an…
The Land of the Rising Dollar
Next week, which may be considered one of the most important weeks of the year, brings a host of important events and data releases that many investors have been waiting for. The week technically kicks off tomorrow when the US reports 3Q…
Janjuah: Global Asset Bubble Is ‘Building’
Bob Janjuah, co-head of cross-asset allocation strategy at Nomura International Plc, discusses the outlook for the global economy. Janjuah, speaking with Erik Schatzker on Bloomberg Television's "InsideTrack," also talks about…
Gross: The Bull Market In Bonds is Over
The Fed’s announcement of a renewed commitment to Quantitative Easing has been well telegraphed and the market’s reaction is likely to be subdued. We are in a “liquidity trap,” where interest rates or trillions in asset purchases may…
A Shift in Policy Tones
Highlights The US dollar is retaining its new found firm tone. Position adjusting ahead of next week’s key events continues to dominate, encouraged by the loss of the dollar’s downside momentum. Softer Australian CPI (2.8% in…
Deflation, Reflation, Inflation
In our September 28 Salvo, we imagined an opportunity to ask Chairman Bernanke the following question: “What does the Fed do if it expands its balance sheet to $4 trillion or $6 trillion, drives the 10-year yield down to 2% or less, but…
Grantham: Night of The Living Fed
From From Jeremy Grantham's latest quarterly letter: If I were a benevolent dictator, I would strip the Fed of its obligation to worry about the economy and ask it to limit its meddling to attempting to manage inflation. Better…