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FLASH: Get The Stocks (For The Fed)
The Market Ticker —
... There is a flash on the WSJ Newswire that The Fed has "approached Congress" about issuing its own debt. ...
Fed weighs debt sales of its own
FT Alphaville —
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilise rocky financial markets, reports the WSJ. Government debt issuance is largely the province of the Treasury Department, and the Fed already can print as much money as it wants. But as the credit crisis drags on and the economy suffers from recession, Fed officials are looking broadly for new financial tools. Fed officials have approached Congress about the concept, which could include issuing bills or some other form ...
Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet
naked capitalism —
... the Japanese increased the consumption tax in 1997 to help whittle down the very large amount of government debt created to fund various stimulus packages, mostly focused on infrastructure. That lead to a swift return to deflationary conditions. Even though Bernanke and the Treasury are entering into far more aggressive programs than the Japanese took, the Fed chair will err on the side of letting inflation take hold rather than risk a restoking deflationary forces. From the Wall Street Journal: The Federal Reserve is considering issuing its own debt for ...
The Fed’s very own bonds?
FT Alphaville —
The Wall Street Journal reports Wednesday that the Fed is considering issuing its own debt for the first time. Why? Wee, because it would give the central bank additional flexibility as it tries to stabilise rocky financial markets, of course. The paper explains Fed officials have approached Congress about the concept, which could include issuing bills or some other form of debt, according to people familiar with the matter. It isn’t known whether these preliminary discussions will result in a formal proposal or Fed action. One hurdle: The Federal Reserve Act doesn’t ...
Fed to Issue Own Debt?
Technically Speaking, Market Analysis and Theory —
... And with the Federal Reserve balance sheet more than doubling and their 'good' assets dramatically falling, and nowhere to go on interest rates, the Fed explores offering their own debt. ...
Fed Mulls Issuing Its Own Debt, Report Says
DealBook —
... bank Bear Stearns in March and insurer American International Group in September, and threw open its direct loan window to Wall Street firms this year in a bid to stabilize financial markets amid a credit freeze. But with the credit crisis showing no signs of abating, and the narrow scope for further interest rate cuts from the present levels of 1 percent, economists expect the Fed to look at new ways to boost the supply and circulation of money to avoid a deflationary slump. Go to Article from The Wall Street Journal » ...
Next Up, F-Bills?
Trader Daily Combined Feed —
... some other form of debt, according to people familiar with the matter.
It isn't known whether these preliminary discussions will result in a formal proposal or Fed action. One hurdle: The Federal Reserve Act doesn't explicitly permit the Fed to issue notes beyond currency.
Just exploring the idea underscores many challenges the ongoing problems are creating for the Fed, as well as the lengths to which the central bank is going to come up with new ideas.
Continue reading on WSJ.com
Fed To Issue F-Bills
The Big Picture —
Today’s WTF meme of the day is this WSJ article, Fed Weighs Debt Sales of Its Own:
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets.
Government debt issuance is largely the province of the Treasury Department, and the Fed already can print as much money as it wants. But as the credit crisis drags on and the economy suffers from recession, Fed officials are looking broadly for new financial tools.
Fed officials have approached Congress about the concept, which could include ...
America's Lost Decade
Millionaire Now! —
... is still as bearish as ever but her fears now are focused on the U.S. consumer. The Fed is also thinking about issuing its own debt for the first time ever so that it can "stabilize financial markets" as the ...
Wednesday morning links
The Mess That Greenspan Made —
TOP STORIES Vote on Detroit Bailout Nears - Washington Post China’s Exports Decline for First Time in 7 Years - MarketWatch Rio Tinto to cut 14,000 jobs - CNN/Money Capitalist Fools - Vanity Fair 8 really, really scary predictions - Fortune AIG Says More Managers Get Retention Payouts Topping $4 Million - Bloomberg Bank of America makes offer to resolve worker sit-in - Reuters MARKETS/INVESTING Gold futures rise for a third session as oil rallies - MarketWatch Questioning the Commodities Super Cycle - Naked Captialism The ...
Too Far
Bear Mountain Bull —
This is getting ridiculous. All we’re doing to trying to take the debt out of the hands of companies and consumers and load if off on the government - and now the Fed. From The Big Picture : Today’s WTF meme of the day is this WSJ article, Fed Weighs Debt Sales of Its Own : The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets. Government debt issuance is largely the province of the Treasury Department, and the Fed already can print as much money as it wants. But as the credit crisis drags on and the economy ...
Wall Street Journal: Federal Reserve Weighs Creating it's Own Debt
Fund My Mutual Fund —
I've written many times that we will see things in 2009 we would never believe or indeed be able to think of as the economy degrades, and the government grows more desperate. I must confess, this headline from the Wall Street Journal ...
Federal Reserve Bills/Notes/Bonds ?
self-evident —
Fed Weighs Debt Sales of Its Own
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets.
Government debt issuance is largely the province of the Treasury Department, and the Fed already can print as much money as it wants. But as the credit crisis drags on and the economy suffers from recession, Fed officials are looking broadly for new financial tools.
The WSJ article explains what the Fed is trying to do, but not why. And on that question, there is an ...
Why the Fed wants to issue its own debt
The Mess That Greenspan Made —
One of the great mysteries of our debt-fueled financial system in general and central banking in particular is exactly when it is that "money is printed", a phrase that is thrown around quite casually by far too many people when maybe it shouldn't be. ...
Fed Plans The Next Layer Of Funny Fiat Money - WSJ
The Prudent Investor —
... ) filled with colourful stacks of fiat money that can be showered onto everybody that is deemed too big to fail the Federal Reserve blueprints a new layer of debt, writes the Wall Street Journal on Wednesday. ...
Gold Gains Continue to Mount
GoldSeek.com —
... is in place. Gold Market Movers : US trade deficit for Oct widened to $57.2 bln, above expectations, versus $56.6 bln in Sep. Initial jobless claims for the week ended 06-Dec surged 58k to 573k. SNB cuts 3-month Libor target by 50bp and hints are further cuts. Bank of Korea slashes rates by 100bp to 3%. Taiwan announces largest rate cut in 26-years and the fifth in two months. The 75bp cut drops the discount rate to 2%. Trend of gold as store of wealth 'may start to snowball' Fed weighs debt sales of its own Fear triggers gold shortage, drives US treasury yields ...
Twenty-five Facets of the Current Economic Scene
The Aleph Blog —
... ? Is it just an alternative to Treasuries and the Fed’s present relationship with the US Treasury? A way to pay interest to those that ...
Christmas Cheers Abound
GoldSeek.com —
-- Posted Sunday, 14 December 2008 | Digg This Article Digg It! | Source: GoldSeek.com As most traders close out their books for the year its looking like gold may be the best performing asset this year but we still have a couple weeks to go. If that happens it should draw quite a bit of positive attention to the sector. This week brought less volatility than has been the norm as of late. The DOW lost a measly 0.07% but had some large swings. The S&P gained a slim 0.42% as bad news abounded but the big winner in the states was the NASDAQ which logged a 2.08% gain. Up in Canada the TSX gained a solid 4.91% and for once the TSX Venture ...
