Jan 23 late update
Monoline problem addressed, stocks suddenly oversold as that risk fades. Most earning look strong. Guidance may be soft but that’s at least partially a function
January 23, 2008
Monoline problem addressed, stocks suddenly oversold as that risk fades. Most earning look strong. Guidance may be soft but that’s at least partially a function
Trichet expresses the mainstream view of monetary policy: “The financial market correction — it’s a very significant correction with turbulent episodes — that we are
States the issues clearly: King Says U.K. Inflation May Match Fastest Pace in a Decade (Bloomberg) Bank of England Governor Mervyn King said inflation may
(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
The Fed is aware rate cuts don’t do much for near term financial disruptions. For example, the FF/LIBOR spread was first addressed with FF cuts,
> Hi > > You’ve been looking for this kind of financial trouble for a bit over in Europe. Good call Warren. > > Bobby.
Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce
ECB reiterates rate hike warning FRANKFURT(AFP): The European Central Bank (ECB) reiterated Thursday a strong warning about eurozone inflation, calling for price and wage moderation
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