“Don’t let the name ‘regional banks’ fool you. We’re talking about some of the biggest banks in the US. The reality is that regardless of how much money the U.S. government pumps into Freddie and Fannie, the U.S. financial system is in big trouble.” — John Stepek
Blogger’s note: The Fed may have decided that Fannie [...]
“The latest genius might be just what the U.S. Federal Reserve needs to restore order around here: She might even be able to bring credibility back to the global financial markets.” — Keith Fitz-Gerald
by Keith Fitz-Gerald
Baltimore – (TFN): Every market cycle has its genius.
Even a market cycle as wild and [...]
“In announcing ‘no change’ in rates yesterday, the Fed pretends that its policy is perfectly calibrated to deal with the current economy. In reality however, the Fed is pinned down by a cross fire of inflation and recession.” — John Browne
by John Browne
Baltimore – (TFN): Cheerleaders will face [...]
Tags: china, dow, europe, Fed, federal reserve, house prices, India, inflation, saudi arabia, stock markets, us
“Soaring inflation means the credibility of the legal tender in your wallet is being called into question. In other words, does your dollar really have any value?” — Jack Crooks
by Jack Crooks
Baltimore – (TFN): All over the world, everyone from market analysts to your average grocery shopper has been buzzing about inflation lately. [...]
“What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a [...]
“Whether the rest of the country likes it or not, both Wall Street and Washington place enormous confidence in the predictive powers of the Federal Reserve Bank of New York’s Empire State Manufacturing Survey.” — Adam Lass
by Adam Lass
Baltimore — (TFN): As goes New York, so goes the nation.
That motto may seem like typical NYC [...]
“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder
by Byron King
Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“Most of Wall Street’s moneymaking machines have shut down. Mortgage-securitization activity has gone kaput, while IPO and M&A activities are sputtering. Even worse, Billions of dollars of future writedowns and losses are still buried inside Wall Street’s balance sheets.” — Dan Amoss
by Dan Amoss
Baltimore – (TFN): Since [...]
by Peter Schiff
Baltimore — (TFN): With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a mere 2%, apparently turning a deaf ear to those on Wall Street who wanted more. But now that the dollar-crushing side effects of cheap money [...]
By John Browne, Euro Pacific Capital - Senior Market Advisor
Baltimore — (TFN): Last week, General Electric — one of the finest companies in the world and an American icon — announced a major fall in earnings. Amazingly, the bad news surprised Wall Street. GE shares fell 13 percent in a single day. Some surprise!
GE is [...]
“Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic “slowdown” resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke believes these mistakes were simply not large enough.” — Peter [...]
“Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.” — Stephanie Grimmett
by Stephanie Grimmett
Here at Today’s Financial News, we spent the [...]
Tags: april fools day, asia financial crisis, bernanke, carry trade, congress, currency, Fed, financial news, hyperinflation, joke, liquidity, paulson, stock chart, technicals, us currency, value investment, wall street
“(The Fed’s) message has been, more or less, that money grows on trees, which is why Ben Bernanke’s moniker, ‘Helicopter’ Ben, is catching on with the press. Gold bugs could not be more thrilled. Just recently, I wrote that we are seeing the best of all worlds for gold [...]
"Senators, representatives and presidential candidates have been busy calling for more government oversight of the financial industry. And maybe Congress will settle on Paulson’s idea as its "savior" in the current camera-mugging opportunity. It could actually save money and provide a simpler system for companies trying to follow the ornate business laws already in place [...]
"The current mess did not result from a failure of the free market, but from too much government interference. The real estate bubble, and the shaky securitized products it spawned, resulted from the Fed artificially setting interest rates too low." — Peter Schiff
by Peter Schiff, Dollar Bear
Baltimore – (TFN): Now [...]
Tags: bear, bear stearns, bernanke, dollar, Fed, inflation, interest rates, jp morgan, mortgage, speculation, treasury
“When it became clear that Countrywide’s aggressive lending policies had left it with more junk debt on its books than it could dump on careless institutional buyers, shares of Countrywide fell faster than you can say ‘no-down-payment, stated-income, negative-amortization, adjustable-rate mortgage.’ Shares of the Fed are suffering [...]
"The Federal Reserve has cemented its role as price fixer for short-term interest rates. It fuels speculative bubbles when the economy slows, and denies all responsibility when bubbles burst." — Dan Amoss
by Dan Amoss
Baltimore – (TFN): The government cannot bend the economy to its will, as most [...]
"Credit market liquidity is a major issue, no doubt, but soaring oil prices, a weakening dollar, falling employment, and rip-roaring inflation are the wolves tearing at this economy’s jugular. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — Do not be fooled into believing yesterday’s super-rally is a sign of good things to come. Tragically, the Fed’s [...]
Tags: 2008, Andrew Snyder, banking industry, bernanke, Fed, federal reserve, I Bonds, inflation, Inflation protection, liquidity, recession, TIPS, Treasury Bond
“An interesting way to play lighter, maintain something called currency shares. This is an ETF where they did you the favor of going and buying up British pounds. They’re storing them at JPMorgan in London, all right, and then they divvy it up and sell shares here in the U.S. market. You can hope to [...]
Tags: Addison Wiggin, Bank of england, bernanke, Bill Bonner, currencies, currency shares, decline of the dollar, dollar, empire of debt, ETFs, Fed, finance, Financial, pound, sterling, video