In the last week, there was an unusually clear message from the core of the FOMC. Ben spent hours answering questions in front of Congress last Tuesday and Wednesday - and then gave a strongly worded speech on Friday in San Francisco. On Monday, his number one...
As our beloved colonel/chairman took the stand this week, nerves in the market were frayed. News of Italian election chaos and the sequester were splashed across the screens. Spoos had been pounded, the Yen was rallying and you could hear the screams of pain from...
The markets continue to be driven in the short term by a lot of noise. People are focusing on the UK downgrade, Italian elections, Cypriot bailouts, LTRO paydowns, the US sequester and Charlie Sheen's twitter pictures during the Oscars. All of these "focal points"...
In the December minutes, the following passage got everyone hot and bothered - “In considering the outlook for the labor market and the broader economy, a few members expressed the view that ongoing asset purchases would likely be warranted until about the end of...
This is NOT a currency war - it’s a growth war. And the rules of engagement were established this past week by the G20. We could think of the released statement as a sort of "Geneva Convention" for the upcoming fight. And let's make no mistake - this is setting up to...
This is NOT a currency war - it’s a growth war. And the rules of engagement were established this past week by the G20. We could think of the released statement as a sort of "Geneva Convention" for the upcoming fight. And let's make no mistake - this is setting up to be an epic […]
