(an email with Randall Wray) On Dec 11, 2007 10:49 PM, Wray, Randall <WrayR@umkc.edu> wrote: > Warren: very respectfully, I suggest you might reconsider both
Thanks – sounds very similar to what we recommended to them – Fed acting as ‘broker of last resort’ between member banks in good standing.
(an interoffice email) Thanks, and good call! > > > > Many I spoke to post-fomc talked about an intermeeting ease on the discount >
Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending,
(an interoffice email) > > > > Mkt did not like the Fed move today- IG9 went from 70 out to 78.75 after the >
(an interoffice email) > > > 16bp day for 2yr spreads today: > > > > The market went into the fed announcement expecting perfection
I’m lost for an explanation as to whey the Fed ignored the year end liquidity issue entirely, after alluding to it in various speeches and
(interoffice email) > Dovish statement not matched by actions (no lowering of FF-Discount Rate > spread). As Tom Brady recently commented, “Well done is better
Labor markets remain stronger than expected, right up through this morning’s Manpower survey for next quarter. Inflation risks remain elevated, with estimates of 1.5% PPI
The NFIB small business optimism index fell to 94.4 in November from 96.2 in October. Although the net percentage of firms planning to expand was