bloomberg.com - 10/23/2009
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Oct. 23 (Bloomberg) -- Britain’s failure to escape the worst recession since World War II may force the Bank of England to increase its bond-purchase plan next month, economists said. Seven months after Governor Mervyn King’s central bank started a 175 billion-pound ($287 billion) program to ...
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Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)
24/7 Wall St. —
newspaper Updated throughout the day. The Bank of England may have to increase bond purchases after the UK economy shrank in Q3. (Bloomberg) Chrysler Financial will cease business within two years (CNBC) Time Warner’s (NYSE:TWX) Time, Inc publishing unit will eliminate serveral hundreds jobs. (PaidContent) ETF Securities will launch a ETFS Palladium Trust (PALL) (TheStreet) Bank analyst Dick Bove is under criticism for changing his opinion on Well Fargo (NYSE:WFC) from “standout” just after the bank released earnings to “sell” nine hours later (FT Alphaville) AT&T (NYSE:T) is close to getting ...
Friday morning links
The Mess That Greenspan Made —
TOP STORIES Why mortgages aren’t modified - Credit Writedowns Behind the Fed's move to regulate Wall St pay - Reuters Foreclosures More Profitable Than Loan Modifications - Huffington Post The Problem is Not TBTF, but TDTR - Naked Capitalism Pension Funds to Buy Gold as Insurance - Bloomberg Dems seek cover to boost debt limit - Politico China and America: The odd couple - Economist Pay curbs are not the answer - Reuters ...
U.K. economy continues to contract
The Mess That Greenspan Made —
The other country with what will, eventually, be called a "basket case" economy - due to its huge, unsustainable twin deficits and dearth of domestic savings that finally resulted in finance and consumption led growth to permanently stall - released new data today indicating that economic growth continued to contract in the third quarter, disappointing analysts who were expecting the first gain in a year-and-a-half. ...
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Bank of England, Huge Panic Cut
benbittrolff.blogspot.com 11/6/2008 — The market was expecting 1% at most. This cut smells of absolute panic. The market is taking this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. ...
Guest Post: Review of Walter Bagehot's Lombard Street
nakedcapitalism.com 8/24/2009 — By Robert P. Baird of digital emunction When, back in March, the Bank of England announced that it was adopting a program of quantitative easing, The Economist reported the news with some trepidation. While recognizing that the threat of deflation ...
Bank of England Throws Money at Economy
globaleconomicanalysis.blogspot.com 30 days ago — It's no wonder that gold is soaring with the US, UK, and China all printing money like mad. Throw enough money around and gold is bound to rise regardless of anything else that might happen (all of it bad). Please consider the latest insanity in the ...
Operation QE begins
ftalphaville.ft.com 3/11/2009 — From Reuters.
BANK OF ENGLAND SAYS ALLOTS £1.999bn of £2bn GILT PURCHASES TO COMPETITIVE BIDS.
BANK OF ENGLAND SAYS TOTAL OFFERS RECEIVED £10.508bn.
BANK OF ENGLAND SAYS BUYS £339m of 5.0% 2014 GILT AT WEIGHTED AVERAGE PRICE OF 114.792.
BANK OF ENGLAND SAYS BUYS £440m of 4.75% 2015 GILT AT ...
Still waiting for deflation
ukhousebubble.blogspot.com 3/25/2009 — Today's inflation numbers were bad, although you wouldn't know it listening to any journalists. The headline consumer price index increased to 3.2 percent, up from 3 percent in January. So did the retail price index (excluding housing and indirect ...
BoE Governor: No More Stimulus
optionarmageddon.ml-implode.com 3/25/2009 —
Like his counterpart on this side of the Atlantic, UK Prime Minister Gordon Brown has called for massive stimulus from all governments in order to jump start the world economy. The Governor of the Bank of England took the unusual step of ...
Pound Sinks As Britain Teeters On Edge Of Bankruptcy
globaleconomicanalysis.blogspot.com 1/22/2009 — The British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brown’s plan to give the Bank of England unprecedented powers to buy securities. This chart paints the not so pretty picture. British Pound vs. US$ Monthly ...
BOE Cuts Rate to Lowest Since Bank’s Creation in 1694 (Update2)
bloomberg.com 1/8/2009 — Jan. 8 (Bloomberg) -- The Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession. The Monetary Policy Committee, ...
News Release - US Dollar Liquidity Operations
bankofengland.co.uk 10/13/2008 — In order to provide broad access to liquidity and funding to financial institutions, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further ...
Why are companies not borrowing?
bbc.co.uk 9/11/2009 — The stock market has bounced with a vengeance; house prices are rising; takeovers are back; the latest estimates of GDP indicate the economy is growing; Moody's says the UK is likely to keep its AAA credit rating. And, perhaps most...
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