Pending Home Sales Total SA Pending Home Sales MoM (Oct) Survey -1.0% Actual 0.6% Prior 0.2% Revised 1.4% Speaks for itself. The fed has more
From the Fed’s theoretical framework, their best move is: ♦ Cut the discount rate to 4.5 ♦ Leave fed funds at 4.5 ♦ Remove the
While Fed gov Fisher was correct in stating the Fed isn’t held hostage to market pricing of fed funds when it makes its decision, the
Reminds me of the guy who loves money and wants to abolish taxes. I do think the push is now for a stronger $, however,
Another example of a chunk of the losses being contained on Wall Street, and not leaking to Main Street this will now have zero effect
“I don’t think that’s fair because I don’t — again, I think I’ve been pretty clear in saying we have an economy in the US
Maybe he knows the fed won’t cut the fed funds rate…. Paulson says economy healthy updated 10:33 p.m. ET, Fri., Dec. 7,2007 SOURCE: Reuters Treasury
Saudi production rose last month, meaning demand for their output increased even at the higher prices. They are acting as ‘swing producer’ and let output
Here’s the response to Jan’s (Goldman) concern about lost capital constraining lending. Bank capital grows endogenously- it’s not a constraint on lending apart perhaps from
(from an interoffice email) Karim: Quite a long one http://www.frbsf.org/news/speeches/2007/1203.html, but here goes, with selected excerpts, headings my own. If you don’t want to read