alephblog.com - 7/22/2009
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Duh. I don’t like saying “Duh.” There’s something dumb-sounding about it. The only thing worse is saying “Duuuuh,” or “Duuuuuuhh.”
Yet, when I read Dr. Bernanke’s Op-Ed in the Wall Street Journal today , my initial response was ...
nytimes.com - 7/26/2009
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nytimes.com —
AS Federal Reserve chairman, Ben Bernanke has committed
serious sins of commission and omission and for...
those many sins, he does not deserve reappointment. Let me begin with the former. It is standard practice for a central bank like the Federal ...
(more)
Op-Ed Contributor - Man Without a Plan
econbrowser.com - 7/22/2009
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econbrowser.com —
In addition to testifying before Congress , Federal
Reserve Chair Ben Bernanke today tried to explain the...
Fed's plans and options directly to the public through an op-ed in the Wall Street Journal . Here I provide some background on what Bernanke's ...
(more)
Looking for an exit
globaleconomicanalysis.blogspot.com - 7/19/2009
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globaleconomicanalysis.blogspot.com —
In Dismantling the Temple , William Greider lists
Six reasons why granting the Fed even more power...
is a terrible idea: 1. It would reward failure. Like the largest banks that have been bailed out, the Fed was a co-author of the destruction. During the ...
(more)
Six Reasons to Abolish the Fed
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Replace Bernanke?
Daily Markets —
... in the Wall Street Journal about how the Fed could remove accommodation has ignited a firestorm in the blogosphere. Most of the response has been less than complimentary ( here is one of the milder ones). In connection with this article and his recent testimony, the cries to replace Bernanke in January 2010 have also been getting louder. Yes, Dr. Bernanke, we know that the Fed has many tools to tighten its very easy stance of quantitative easing. The question is, is there the political will to do so? Today, we have a Fed Chairman spent his academic life studying the Great ...
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Federal Reserve reverse repurchases
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First, a little background. The traditional tool of monetary ...
Fed Watch: Fed-Treasury Accord
economistsview.typepad.com 3/24/2009 — Tim Duy on the Fed's efforts to maintain its independence: Fed Treasury Accord, by Tim Duy : The Fed and Treasury released a joint statement yesterday afternoon that was lost amid the official release of the Geithner Plan (hat tip Across the Curve ...
The Fed and U.S. Treasury announce the launch of the TALF
wallstfolly.typepad.com 3/3/2009 — Treasury and Federal Reserve announce launch of Term Asset-Backed Securities Loan Facility (TALF)For release at 9:15 a.m. EST March 3, 2009 In carrying out the Financial Stability Plan, the Department of the Treasury and the Federal Reserve Board are announcing...
Federal Reserve and the Treasury Joint Statement
acrossthecurve.com 3/24/2009 — The Federal Reserve and the Treasury issued a joint statement at 430PM New York time about the role of the Federal Reserve in the ongoing credit crisis.
I am surprised that I have not seen any comments on this. JPMorgan economists entitled their ...
Bond Market Open November
acrossthecurve.com 30 days ago — Prices of Treasury coupon securities have posted modest losses in overseas trading. I do not see a strong impetus in the news for the small declines in Treasury prices. Stocks around the globe are trading well with robust gains in Europe and healthy ...
Money creation and the Fed
econbrowser.com 3/28/2009 — A lot of people have seen this picture of the recent behavior of the monetary base and wondered what it means.
Figure 1. Adjusted monetary base. Source: FRED .
To understand the explosion in the monetary base since September, ...
Department of Duh
marginalrevolution.com 9/18/2009 — Justin, a loyal MR reader, writes to me: Funny
new story . Near the end it mentions citizen's group that wants to
remove cameras from a highway because, in their words, "It's nothing
but a speed tax". I liked the opening paragraph of the ...
On the Fed's "Shock and Awe"
nakedcapitalism.com 3/19/2009 — When some deemed the Fed's move today to expand its balance sheet by as much as a trillion dollars plus as "shock and awe", I recalled that when that term was first used, at the beginning of the US invasion of Iraq. The notion was a display of ...
A Call For Greater Accountability For the Fed
nakedcapitalism.com 5/22/2009 —
It's been obvious to anyone who bothered paying attention that the Fed is increasingly acting as an extension of the Administration, without the oversight and disclosure to which the Executive Branch is subject. For instance, only the Federal ...
Concerns about the Fed's New Balance Sheet
econbrowser.com 7/15/2009 — That's the title of a chapter I contributed to a new book edited by John Ciorciari and John Taylor entitled The Road Ahead for the Fed . The book grew out of a conference held at Stanford University in March.
In my chapter (a draft of which can be ...
Overview —
The Economist: Full print edition 7/23/2009
Ben Bernanke, the chairman of the Federal Reserve, gave his semi-annual Monetary Policy Report to Congress. He said that policy actions “may well have averted the collapse of the global financial system” and that the American financial ...
Business this week —
The Economist: Full print edition 7/23/2009
After a 15-hour board meeting Porsche removed its chief executive, Wendelin Wiedeking, and accepted that the state of Qatar should take a stake in the company. The actions smooth the way for a merger with Volkswagen and peace between the warring ...
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