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online.wsj.com - 12/10/2008

Fed Weighs Debt Sales of Its Own

— online.wsj.com — Bloomberg News /Landov The Federal Reserve drained $25 billion in temporary reserves from the banking system when it arranged overnight reverse repurchase agreements. (more) Fed Weighs Debt Sales of Its Own

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Federal Reserve

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The Interest Rate Race
Paul Kedrosky's Infectious Greed — Good graphic in the WSJ today showing the race to zero by central banks in major countries worldwide. Click for a larger version. [via WSJ] ...

Race to ZIRP - Indian Gilts beckon
GalaTime — Via Paul Kedrosky, a cool graphic from WSJ: India (RBI) has barely cut rates, as compared to the US or UK. No wonder everyone’s rusing into Indian gilt (government bond) funds. ...

Fed Searches Control Room For More Buttons
Dealbreaker — ... of its focus beyond conventional policy, Mr. Bernanke on Thursday called for aggressive new actions by the government to help homeowners avoid foreclosure. One approach, he said, could involve having the U.S. buy delinquent mortgages and refinance them. He called for revisions to a federal program called Hope for Homeowners that might encourage more participation. It is designed to help borrowers refinance with the help of the Federal Housing Administration. Fed Weighs Its Options as Europe Cuts Rates [The Wall Street Journal]

Racing Towards Zero
The Big Picture — > Source: Fed Weighs Its Options as Europe Cuts Rates JOELLEN PERRY and JON HILSENRATH WSJ, DECEMBER 5, 2008 http://online.wsj.com/article/SB122843724270881449.html ...