nakedcapitalism.com - 3/19/2009
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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 superior force would lead to quick capitulation. ...
krugman.blogs.nytimes.com - 3/21/2009
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krugman.blogs.nytimes.com —
The Geithner plan has now been leaked in
detail. It's exactly the plan that was widely analyzed...
- and found wanting - a couple of weeks ago. The zombie ideas have won. The Obama administration is now completely wedded to the idea that there's nothing ...
(more)
Despair over financial policy
calculatedriskblog.com - 3/21/2009
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calculatedriskblog.com —
The NY Times has some details ... From
Edmund L. Andrews, Eric Dash and Graham Bowley: Toxic...
Asset Plan Foresees Big Subsidies for Investors The plan to be announced next week involves three separate approaches. In one, the Federal Deposit Insurance ...
(more)
Geithner's Toxic Asset Plan
nakedcapitalism.com - 3/21/2009
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nakedcapitalism.com —
The New York Times seems to have the
inside skinny on the emerging private public partnership abortion...
program . And it appears to be consistent with (low) expectations: a lot of bells and whistles to finesse the fact that the government will wind ...
(more)
Private Public Partnership Details Emerging
Comments
Blog Reactions
Early reactions to the Fed’s ’shock and awe’ plan
FT Alphaville —
... ahead of the Federal Reserves dramatic action late on Thursday. Here’s a quick quick round up of other comment… NakedCapitalism, Yves Smith: While 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 superior force would lead to quick capitulation…And even if the Fed does win the yield battle, it may not win the war. ...
Thursday morning links
The Mess That Greenspan Made —
... send mortgage rates well below 5 percent - Mercury News • Not Just Homeowners, But Renters Are Really Getting Screwed - Alternet • Fannie Is Handing Out Its Own Sizable Retention Payouts - WSJ FED/TREASURY/BANKING • Bernanke Pushes the Button - The Big Picture • How the Fed Failed to Tell Obama About The Bonuses - Washington Post • Fed moves to bring down interest rates on mortgages, consumer loans - LA Times • On the Fed's "Shock and Awe" - Naked Capitalism INTERESTING • Wife says $43 ...
Treasury Yields & Inflation Issue Revisited
Stefan Karlsson's blog —
Yves Smith at the Naked Capitalism blog writes this regarding the market effects of the "Shock and Awe" inflationary shock from the Fed yesterday: ...
Thursday links: easy easing
Abnormal Returns —
... Shock and awe. Quantitative easing might work, but it may come at the expense of higher inflation. (naked capitalism, ...
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Overview —
The Economist: Full print edition 3/19/2009
There was more gloomy news on industrial production: in the year to the fourth quarter it fell by 10.3% in Hong Kong; in the year to January it was down by 19.2% in Germany, 16.7% in Italy and 11.1% in Mexico; and in the year to February it dropped ...
Business this week —
The Economist: Full print edition 3/19/2009
The Federal Reserve said that it would buy up to $300 billion in long-term American treasury bonds and several hundred billions more in mortgage-backed securities in an attempt to see off the threat of deflation. The unanimous decision came at a ...
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