Real Time Economics (WSJ Blog) – Fed Projects Profit Will Decline The Federal Reserve reported yesterday a record profit of $81.74 billion for 2010. According to projections from the New York Fed that may increase this year, but will begin to fall over the next few years. The bulk of the Fed’s profit, which was… Continue reading Federal Reserve Profits
<Click on chart for larger image> The Financial Times – Laszlo Birinyi: Equity bull rally is just pausing for breath As the bull market begins its third year there are still any number of commentators and investors who contend that this is anything but a rally. They assert the secular bear market continues, and bulls… Continue reading New Bear Market Or Pause In Ongoing Bull Market?
Nola.com – Houston company accepts responsibility for oil spill off Louisiana A Houston-based oil company has accepted responsibility for a mysterious spill near Grand Isle, although it says it remains “surprised” that what it thought was a minor discharge from a long dormant well could have produced miles-long slicks. Several hours after The Times-Picayune broke… Continue reading New Oil Spill Confirmed
None Today
Charts of the Week Topics Covered This Week Include: Why Is The Market Rallying? Why Is The Market Rallying? – 2 Did The G-7 Panic About The Carry Trade? Which Measure Do You Prefer: Core vs. Headline The Treasury Will Sell Its MBS Holdings Japan’s CDS Soars The PIIGS The Federal Reserve’s Balance Sheet Money… Continue reading Untitled
Bloomberg Businessweek – Japan’s Bonds Rise as BOJ Injects Record Funds, Stocks Decline Japanese bonds rose, snapping a two-day decline, on speculation the central bank’s injection of a record amount of emergency funds into the financial system will encourage investors to buy government debt. Ten-year bond futures gained the most in a week after the… Continue reading Why Is The Market Rallying?
<Click on chart for larger image> The Financial Times – Portugal crisis threatens to trigger poll Portuguese opposition parties have refused to back austerity measures drafted to help the country avoid a bail-out, in a rebuff that could trigger both a snap election and an international financial rescue. The political crisis in Lisbon threatens to… Continue reading Portugal
<Click on chart for larger image> Real Time Economics – Higher Inflation Expectations Are Spreading The Federal Reserve expects higher price pressures to be “transitory.” But other economic players aren’t so sure.A new survey of finance professionals done by J.P. Morgan shows core inflation expectations are rising around the world. In the U.S. specifically, the… Continue reading Inflation Fears
The Wall Street Journal – The Fed Places Stock in the Bull Market When it comes to the U.S. stock market, what goes up apparently must not come down. That at least is how the Federal Reserve seems to approach monetary policy these days. Officials are famously leery of intervening when the stock market looks… Continue reading Would The Federal Reserve Really Let Stocks Fall After QE2 Ends?
<Click on chart for larger image> <Click on chart for larger image> Real Time Economics (WSJ Blog) – Fed to Send $79 Billion to Treasury The Fed said its total assets stood at $2.428 trillion at the end of 2010, with holdings of U.S. Treasurys rising $261 billion to $1.067 trillion. The size of the… Continue reading The Federal Reserve’s Balance Sheet
Barron’s Online – Is the Government’s Mortgage Mission Accomplished? The Treasury announces sale of its MBS holdings while existing home sales plunge. The financial-futures markets are pricing in a hike in the fed-funds target to 0.5% about a year from now, from the nearly rock-bottom 0-0.25% peg that the Fed has maintained for more than… Continue reading More On The Treasury’s Sale Of Its MBS Holdings
YaHoo Finance – Fed’s Fisher: U.S. debt situation at tipping point The U.S. debt situation is at a “tipping point,” Dallas Federal Reserve Bank President Richard Fisher said on Tuesday, and urged the U.S. central bank to refrain from any further stimulus measures. “If we continue down on the path on which the fiscal authorities… Continue reading Federal Reserve President Fisher Is Worried About U.S. Debt