telegraph.co.uk - 5/25/2009
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China sees Fed's direct purchase of US Treasury bonds as slippery slope towards "monetisation" of America's public debt.
dailybail.com - 5/29/2009
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dailybail.com —
Seemingly everywhere he went on a recent tour
of China, Dallas Fed President Richard Fisher was asked...
to deliver a message to Federal Reserve Chairman Ben Bernanke: 'stop creating credit out of thin air to purchase U.S. Treasuries.' The Chinese are rightfully worried that B-52's plan ...
(more)
China Warns U.S. About Debt Monetization
prudentinvestor.blogspot.com - 5/20/2009
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prudentinvestor.blogspot.com —
As my first attempt to get a list
of current shareholders of the semi-private Federal Reserve in...
late 2008 did never yield an answer I sent an inquiry to the Federal Reserve Board (FRB) today. As this is still the most important institution in terms of influencing markets I wonder why the Fed ...
(more)
Who Owns the Federal Reserve?
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The Mess That Greenspan Made —
... (almost) $2.5 trillionaire … - Setser, CFR • China stuck in ‘dollar trap’ - Financial Times HOUSING • Reality Check On Housing Market - Wash. Post • Job Losses Push Safer Mortgages to Foreclosure - NY Times • Loan Modification Companies To Be Avoided - Mandelman Matters • Realtors are abandoning a listing ship - LA Times FED/TREASURY/BANKING • Fed's Fisher says inflation no risk - Reuters • China warns Federal Reserve over 'printing money' - Telegraph • We cannot inflate our way ...
USA - In Others’ Hands
Daily Markets —
... - international business editor of the British daily and one of my regular must-reads - provides us with two reports that call each of those assumptions into question: 1. “China Warns Federal Reserve Over ‘Printing Money’” : China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds. Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature.” “I must have ...
Guest Post: Liquidity Drowning the Meaning of Inflation?
naked capitalism —
... On Tuesday, the Telegraph's Ambrose Evans-Pritchard reports that China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds: ...
Words From the (Investment) Wise 5.31.09
The Big Picture —
... Oxford-educated Mr Fisher, an outspoken free-marketer and believer in the Schumpeterian process of ‘creative destruction’, has been running a fervent campaign to alert Americans to the ‘very big hole’ in unfunded pension and health-care liabilities built up by a careless political class over the years.
“‘We at the Dallas Fed believe the total is over $99 trillion,’ he said in February.”
Source: Ambrose Evans-Pritchard, Telegraph, May 26, 2009.
Bloomberg: Baltic Dry Index gains 5.9% to cap record ...
Looking Back to Look Forward.
GoldSeek.com —
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telegraph.co.uk 9/7/2009 — The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.
Federal Reserve Assets Decline
calculatedriskblog.com 1/9/2009 — The Federal Reserve released the Factors Affecting Reserve Balances today. Total assets declined $125 billion to $2.14 trillion. This is a little improvement ... Click on graph for larger image in new window. The Federal Reserve assets decreased ...
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China warns U.S. of dollar concerns
marketplace.publicradio.org 4/3/2009 — Chinese President Hu Jintao at G-20 China is using its presence at the G-20 table to warn the U.S. it needs to take care of its economic woes at the risk of losing the country as an investor. Renita Jablonski talks to Scott Tong in Shanghai. Chinese ...
Printing Like Mad
blog.mises.org 2/17/2009 — We live in an age of grave economic ignorance, if central-bank policy is an indication of prevailing economic theory. It is apparent that we've learned nothing from several millennia of monetary destruction. The persistent demonstration that capital, ...
Buttonwood: Not so risk-free —
The Economist: Full print edition 5/28/2009
There are questions about the long-term appeal of American Treasury bonds LIKE London buses, big events in America’s Treasury market all seem to come at once. In a week when the Treasury auctioned more than $100 billion of notes and bonds, ...
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