(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
Bernanke stated he was watching the labor markets closely, right up to the meeting, and the latest survey further confirms its holding up at least
Checked with our China economist, it appears that China’s export price has been rising since early 06. Compared to the price by end of 06,