<Click on chart for larger image> The Federal Reserve Bank of New York – Statement to Revise Terms of Overnight Fixed-Rate Reverse Repurchase Agreement Operational Exercise Beginning with the operation to be conducted tomorrow, Wednesday, March 5, the per counterparty bid limit for each operation will increase from $5 billion to $7 billion. All other… Continue reading The Fed Revises Its Fixed Rate Repo Facility Again
<Click on chart for larger image> <Click on chart for larger image> Barron’s – Randall W. Forsyth: Putin Meets His Match — Mr. Market Ruble’s crash is a more formidable deterrent than the West. Meanwhile, geopolitics overshadows stagnant U.S. incomes. Global markets tumbled Monday in reaction to Russia’s invasion of Ukraine. Or so went the… Continue reading Ukraine/Russia Update
The Wall Street Journal – Rubin Says Fed’s QE3 Will Lead to Trouble Former Treasury Secretary Robert Rubin isn’t optimistic about U.S. growth prospects this year — but he doesn’t think there is much the Federal Reserve can or should do about it. In fact, Mr. Rubin took the central bank to task for its… Continue reading Rubin Discusses QE3
Reuters.com – Bernanke says Fed could have done more during crisis Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country’s financial crisis and that he struggled to find the right way to communicate with markets. “We could have done some things on the margin to… Continue reading Bernanke Speaks, More Evidence of Fed Deflation
Real-Time Economics – Bank of Japan Questioning When — or Whether — Exports Will Revive One of the driving ideas of Abenomics was that a weaker currency would help boost Japan’s exports, breathing new life into the economy after years of slow growth – especially following the yen’s rapid appreciation since 2008. Massive monetary easing… Continue reading Does Abenomics Work?
CNBC – We’re only in the bull market’s 4th inning: Siegel There are bulls, and then there’s Jeremy Siegel. On Tuesday’s episode of “Futures Now,” the Wharton finance professor didn’t just argue that stocks are cheap. He proclaimed that the Dow Jones industrial average will rise to his “fair market value” estimation of 18,000—10 percent… Continue reading Only 12,000 DJIA Points Between Them
<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – Beijing Signals New Worry on Growth Economic Growth Forecast Is Unchanged From Last Year at 7.5%, but Leaders Show New Concern on Reaching Goal China’s leaders kept the growth target for their giant economy unchanged but signaled that… Continue reading China’s Growth Target Unchanged At 7.5%
The Washington Post – Obama budget seeks new spending, new taxes to boost economy, tame debt President Obama unveiled an ambitious $3.9 trillion budget blueprint Tuesday that seeks billions of dollars in fresh spending to boost economic growth but also pledges to tame the national debt by raising taxes on the wealthy, slashing payments to… Continue reading More On Obama’s Budget
The Atlantic – Yes, the Fed Makes Comic Books They’re like Superman, but for financial literacy. How do you explain economics in plain English? If you’re like us at The Atlantic, you use stuffed animals, poker chips, and delicious pies to answer questions about the difference between monetary and fiscal policy and what exactly money… Continue reading Comic Books About Monetary Policy
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The Financial Times – SF Fed president wants new verbal rate guidance ‘very soon’ The brief heyday of numerical forward guidance on interest rates is ending, as an influential US Federal Reserve official told the Financial Times he opposes a new number to replace its 6.5 per cent unemployment threshold for rate rises. John Williams,… Continue reading The Fed’s Evolving Unemployment Target
<Click on chart for larger image> <Click on chart for larger image> The Financial Times – Gideon Rachman: Ukraine crisis: Russia is in no position to fight a new cold war Putin and his allies have talked tough while enjoying the comforts of globalisation For the past decade, Mr Putin and his entourage have often… Continue reading Russia/Ukraine Update