“With Bold Steps, Fed Chief Quiets Some Criticism”:
[...]
“It has been a really head-spinning range of unprecedented and bold actions,” said Charles W. Calomiris, professor of finance and economics at Columbia Business School, referring to the Fed’s lending activities. “That is exactly as it should be. But I’m not saying that it’s without some cost and [...]
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Soros must be fuming that he dumped commodities and called a bottom in equities when he did.
Soros’s public pronouncements are consistently somewhat at odds with how he actually invests. (He couldn’t have made money any other way; the track record of his public pronouncements is awful.) This instance, presumably, is no exception.
Not that he has [...]
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Posted in dawn to decadence, doomsterism, economy, federal reserve, inflation, monetary policy, politics, shitigroup, volatility, wall street on May 18, 2008 | No Comments »
The credit crisis has separated true libertarians from phony libertarians, and separated true liberals from phony liberals.
The phony liberals have inadvertently mocked themselves throughout the entire credit crisis, manning the barricades to defend the greatest act of socialism for the rich in US history. Ditto for supposed “libertarians,” eg Robert Rubin, Bruce Kovner, and the [...]
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IFR:
[13:57 US GOVTS: Fallout From Credit Crisis Seen in TIC Data]
Boston, May 15. Though foreigners continued to buy treasuries (a record $55 bln) and agency ($18 bln) paper hand over fist in the latest March TIC data the net flow for the month was actually a negative $48 bln. While far from an expert in [...]
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Removing gasoline sales, which have been strongly influenced by the sharp rise in
prices in recent months, allows a better measure of real or inflation-adjusted sales
to be examined. Alternative measures of the so-called ‘control group,’ included in
real consumer spending as measured by the BEA, rose about 0.5% in April,
following a revised increase of about 0.3% [...]
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