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The Bernanke rally
The Bernanke rally
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 headline . But Andrew Leonard (hat tip: Mark ...
FRB: Speech--Bernanke, Federal Reserve Policies to Ease Credit and Their Implications for the ...
federalreserve.gov — Chairman Ben S. Bernanke At the National Press Club Luncheon, National Press Club, Washington, D.C. February 18,... 2009 Federal Reserve Policies to Ease Credit and Their Implications for the Fed's Balance Sheet We live in extraordinarily challenging ... (more) FRB: Speech--Bernanke, Federal Reserve Policies to Ease ...
FRONTLINE: inside the meltdown: watch the full program
pbs.org — As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad... in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, ... (more) FRONTLINE: inside the meltdown: watch the full program
U.S. to Get Bank Ownership Stakes Only as Losses Rise (Update1)
bloomberg.com — Feb. 24 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government’s bank-capitalization plan is... designed to shore up lenders’ common equity only if the economy worsens and creates more losses for financial institutions. The ... (more) U.S. to Get Bank Ownership Stakes Only as Losses Rise ...
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Links 2/25/09
naked capitalism — Lifeline for endangered albatross BBC First evidence of a supernova in an ice core physics arXiv Thousands queue at New York job fair Financial Times The Media Continue to Ignore Welfare for Citi Shareholders Beat the Press AIG’s Liddy May Shift Strategy as Asset Sales Stall Bloomberg and As A.I.G.’s Losses Grow, Its Survival Options Shrink New York Times The Bernanke rally Jim Hamilton Bernanke - the pot calls the kettle black Bruce Krasting German CDS debt ...

links for 2009-02-25
Economist's View — Enough With the Moral Hazard Fears - James Surowiecki Green Fights - The Bellows Environmental Economics vs Environmentalism - Tim Haab The Bernanke rally - Econbrowser Bernanke Says Recovery Is at Least a Year Away - NYTimes.com Killing (or Maiming) a Sacred Cow: Home Mortgage Deductions - Economix Obama’s misguided timetable - Clive Crook Greenspan could have found cure at pharmacy - John Kay How bank bonuses let us ...

Basic Survival Skills 101
Lawrance G. Lux — ... Ben Bernanke tries a different style, and does a creditable Job of it. His real accomplishment was to appear relaxed under the bombardment of the Witch Hunt. He established the principle that it is stylish to be Wrong, something which Paul Krugman still must learn. Paul outlines that the Fed would still be buying bankrupt entities by nationalization of the banks; a factor which is true, but Paul loses Points by becoming excited by the argument over it. He would do much better to liken the process to buying a truly overused Car, defining the Banks are real Lemons. I have always ...

Wednesday links: lowered standards
Abnormal Returns — ... “Can the mere words of the Federal Reserve Chair actually produce a 4% increase in the value of the U.S. capital stock?”  (Econbrowser) ...

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