Friday mid day
Food, crude, metals up, dollar down, inflation up all over the world, well beyond CB ‘comfort levels.’ Nov new home sales continue weak, though there
December 28, 2007
Food, crude, metals up, dollar down, inflation up all over the world, well beyond CB ‘comfort levels.’ Nov new home sales continue weak, though there
Higher oil prices mean lower rates from the Fed, and higher inflation rates induced by shortages mean stronger currencies abroad. Why do I have so
Looks like markets are still trading with the assumption that as the Saudis/Russians hike prices the Fed will accommodate with rate cut. That’s a pretty
Note how the ‘soft spot’ in govt. spending corresponds to the softening in domestic demand. Fortunately exports have been expanding sufficiently to sustain reasonably high
CNBC just had a session on trying to reconcile high gdp with large credit losses. Seems they are now seeing the consumer clipping along at
(an email and an article) On Dec 23, 2007 5:37 PM, Russell Huntley wrote: > > > > For a very bearish take on the
He’s on the opposite spectrum from Yellen, but inflation has deteriorated to the point where risks are elevated. Once the fed has figured out it
Agree, if food/crude/import&export prices keep rising, there will be serious fireworks between congress and the fed. This will include blaming the fed for the high
(email with Randall Wray) On Dec 15, 2007 9:05 PM, Wray, Randall wrote: > By ________ > > This time the magic isn’t working. >
Ben Bernanke will save the world, but first we bleed Posted by Ambrose Evans-Pritchard on 14 Dec 2007 at 12:48 The Bernanke ‘Put’ has expired.