Kohn speech
After the speech, crude up $1.61 and back over $100. Yields down on fixed income as markets anticipate Fed won’t respond to inflation anytime soon:
February 26, 2008
After the speech, crude up $1.61 and back over $100. Yields down on fixed income as markets anticipate Fed won’t respond to inflation anytime soon:
PBOC to stick to ‘tight’ stance Goldman Sachs raises China’s 2008 inflation forecast to 6.8% To the extent ‘actual inflation’ (whatever that actually is- I
Interesting in that it totally ignores inflation when predicting CB moves. Maybe not only the Fed but the rest of the world’s CB’s don’t care
Fed Sees Rate Low `for a Time’ Then Possible Reversal (Update1) by Scott Lanman (Bloomberg) Federal Reserve officials signaled they are prepared to quickly reverse
Looks very much like the 1970’s to me. Yes, the labor situation was different then – strong unions due to strong businesses with imperfect competition,
Trichet May Not Cut Rates in 2008, Say Merrill, ABN by Simon Kennedy (SNIP) (Bloomberg)Erik Nielsen, Goldman Sachs’s chief European economist, disagrees. He said the
Survey shows people are watching TV and reading the newspapers. For the third consecutive month, more households reported that their financial situation had worsened rather
(an interoffice email) Looks familiar – the CB forecasting inflation falling from higher and higher levels as it move up rather than down as originally
“However, the downside risks to growth have intensified since the last meeting, and markets are pricing in another rate cut..” Zimbabwe’s Inflation Rises to Record
Agreed that government can buy stocks to keep them from falling, as HK did. But the 1930s was a gold standard deflationary collapse. The Fed