blogs.wsj.com - 12/10/2008
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Since the Federal Reserve began rolling out ever more creative steps to unfreeze credit markets, it has sold or pledged a growing portion of its portfolio of Treasurys in order to put loans on its balance sheet to banks and securities dealers backed by mortgage-backed securities and other ...
japanjapan.blogspot.com - 12/8/2008
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japanjapan.blogspot.com —
With the US Federal Reserve now adopting what
is widely regarded as some variant of quantitative easing...
(QE), and with the Bank of Japan cutting interest rates amidst economic conditions which BoJ Governor Masaaki Shirakawa describes as "severe", ...
(more)
Did (or Didn't) Japan Just Re-introduce Quantitative Easing?
blogs.wsj.com - 12/17/2008
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blogs.wsj.com —
Federal Reserve held a media conference call after
today’s Federal Open Market Committee meeting, a unusual move...
that allowed reporters to receive some explanations for the Fed’s move today. The Fed’s ground rules allowed news organizations to ...
(more)
Real Time Economics : The Fed Speaks: More on Today's ...
jessescrossroadscafe.blogspot.com - 12/10/2008
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jessescrossroadscafe.blogspot.com —
We have been looking for an out-of-the-box move
from the Fed, but this was not it. The...
big kahuna move would have been for the Treasury and the Fed to make an arrangement in which the Fed is able to purchase Treasury debt directly without subjecting ...
(more)
Is the Fed Taking the First Steps to Selective Default ...
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Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet
naked capitalism —
... only to the Bank of Japan). After months of serial bailouts, proliferating new programs, and soaring and swooning markets, the notion of the Fed selling its own debt no doubt sounds like a mere footnote to recent events. But back in April, it floated various ideas for how to circumvent its balance sheet constraints via its preferred outlet, Greg Ip of the Wall Street Journal. Let's look at how this option was regarded back then. From a WSJ Economics Blog post, "What Could the Fed Do?": Since the Federal Reserve began rolling out ever more ...
Wednesday morning links
The Mess That Greenspan Made —
... USA Today Ex-Officer Faults Mortgage Giants for ‘Orgy’ of Nonprime Loans - NY Times Mortgage Troubles Are Moving Downtown - NY Times Week-over-week mortgage filings down 7.1% - MarketWatch Home Prices Post 12.9 Percent Decline in Oct: Report - HousingWire FED/TREASURY/BANKING Bernanke’s GM Rejection Aimed at Re-Establishing Rescue Limits - Bloomberg Fed Weighs Debt Sales of Its Own - Wall Street Journal What Could the Fed Do? - WSJ Economic Blog Is the Fed Taking the First Steps to ...
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