economistsview.typepad.com - 3/2/2009
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Tim Duy wonders how long it will be until the Fed gives up on the idea that financial engineering can resolve the problems in financial markets:
When Does Faith in Financial Engineering Wane?, by Tim Duy : The data flow is truly horrible, painting a picture of an economy so weakened
that ...
economistsview.typepad.com - 3/2/2009
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economistsview.typepad.com —
The data flow is truly horrible, painting a
picture of an economy so weakened that it promises...
to engulf the recently passed stimulus package. Fiscal authorities will be pushed to do more, and President Barack Obama recognizes the challenges and ...
(more)
When Does Faith in Financial Engineering Wane?
econbrowser.com - 2/25/2009
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econbrowser.com —
Tuesday's stock market rally was pretty impressive. But
can the mere words of the Federal Reserve Chair...
actually produce a 4% increase in the value of the U.S. capital stock? "Stocks up as Bernanke says recession to end in '09", declared the AP ...
(more)
The Bernanke rally
thefreemanonline.org - 3/2/2009
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thefreemanonline.org —
On Wednesday, September 17, 2008, according to the
New York Times, Fed Chairman Ben Bernanke used “a...
speaker phone from his ornate office” to tell Treasury Secretary Henry Paulson “that it was time to adopt a comprehensive strategy that Congress would ...
(more)
The Financial Bailouts: “See the Needle and the Damage ...
Comments
Blog Reactions
Morning Commentary
EconLog: Library of Economics and Liberty —
Tim Duy: For Bernanke and Geithner, there are no bad assets. Only misunderstood assets. Read the whole thing, and follow the link to Yves Smith . Thanks to Mark Thoma for the pointer. Tyler Cowen : No one wants to say it, but essentially the Fed has been bailing out European banks. Again, read the whole thing, which starts as a riff on the AIG bailout. For more on AIG, also read James Kwak . Finally, Richard Florida : foreclosures have been concentrated in California, Florida, Nevada, Arizona and a modest number of metropolitan ...
Monday links: the new bear market
Abnormal Returns —
... “For Bernanke and Geithner, there are no bad assets. Only misunderstood assets.” (Economist’s View) ...
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economistsview.typepad.com 11/20/2008 — Tim Duy lets loose:
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Inflation and the Fed
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Bernanke is a Total Failure Unsuited for Role as Fed Chairman
globaleconomicanalysis.blogspot.com 6/30/2009 — Inquiring minds are reading Bernanke Flubs Tryout, Still Up for Leading Role by Caroline Baum. Most often I agree with Caroline, but not this time. After trashing (and rightfully so) Bernanke's last appearance before Congress, Caroline somehow arrives ...
Bernanke: So Far, So Good, On Credit Moves
globaleconomicanalysis.blogspot.com 2/12/2009 — It's hard to make up this kind of stuff, so pay attention to the headline and Bernanke's comments in the story So far, so good, on credit moves: Bernanke says Federal Reserve Board Chairman Ben Bernanke said the innovative programs he has engineered ...
Business this week —
The Economist: Full print edition 2/26/2009
America’s Treasury released details about the “stress tests” that are being applied under the new Capital Assistance Programme. These gauge the capacity of banks with more than $100 billion in assets to weather a downturn under an ...
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