Summary of subprime bank losses
Spread around enough so no one went out of business, and most lost less then a quarter’s worth of earnings. And a chunk of it
January 22, 2008
Spread around enough so no one went out of business, and most lost less then a quarter’s worth of earnings. And a chunk of it
(an interoffice email) > the only problem i have with Meltzer is that is the consensus view now, > that inflation is a foregone conclusion-i
Will the cure be worse than the disease? Right, the financial press will chop the Fed to ribbons if inflation continues higher, as I expect
Weakness: Equity markets still heading down. Commodity markets anticipate slowing demand. Credit markets anticipate additional rate cuts. First, a word on the bond insurers: A
> Hi > > You’ve been looking for this kind of financial trouble for a bit over in Europe. Good call Warren. > > Bobby.
(an interoffice email) > … He’s here w/me now & also is very concerned over the entire > spectrum, especially all the 5/1 ARM’s &
NOTE: Particularly the last 3 paragraphs on inflation, as he has always been hawkish: Remarks by Jeffrey M. Lacker President, Federal Reserve Bank of Richmond
Doesn’t get any more hawkish than this. Well worth a quick read. Richard W. Fisher Challenges for Monetary Policy in a Globalized Economy Remarks before
Fed/Bernanke probably concerned about core CPI going so high and making ‘popular’ headlines and is worried about cutting 50 into the triple negative supply shock
No recession, yet.. Stocks rise after Fed releases report by Tim Paradis (CNBC) Stocks were mostly higher Wednesday after a Federal Reserve report showing economic