Results tagged “Federal Reserve” from Dealbreaker
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Less Than Zero
Posted in Fed, Nov 02, 2009, 4:06am
Posted by Jon Shazar
So the Federal Reserve is meeting tomorrow and Wednesday. They are likely to do nothing. The markets are likely to go nuts anyway. Discuss....
Memories Of Bear
Apr 24, 2009, 12:02pm
Posted by Equity Private
We understand that the word "billion" has lost a good deal of meaning around here lately. Be that as it may, some statistics that contain the word are still useful (at least for entertainment value). To wit: The Federal Reserve...
Needs More Cowbell Fed
Apr 15, 2009, 10:48am
Posted by Equity Private
When you are on track to spend a few trillion dollars, communication is everything. People have to feel they are getting something for their hard earned money. That progress is being made. It's like the big, red thermometer with dollars...
Breaking: Fed Funds Rate Unchanged
Mar 18, 2009, 2:17pm
Posted by Equity Private
But balance sheet? Set to inflate. Whoo!...
Prompting Us To Wonder: "What's The Crack Cocaine Of Anthropology?"
Feb 02, 2009, 3:38pm
Posted by Equity Private
"Buy America" (we've always thought this particular version of patriotic claptrap somewhat unfortunately spelled) provisions haven't exactly been a popular notion, but we wouldn't go so far as to compare them with addictive stimulants (though this depends on the stimulant)....
Japanic Sets In
Dec 16, 2008, 2:35pm
Posted by Equity Private
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Considering that the latest ARM resets and Alt-A issues haven't even begun to rise to the surface, I...
Fed Searches Control Room For More Buttons
Dec 05, 2008, 10:57am
Posted by Equity Private
Gentle signs of Japa-nic are beginning to show, don't you think? What with the Fed poking around and toying with things like buying up Treasuries (drives the yields down you know) and convincing the Euro folk that "cool kids lower...
Infiltrators
Dec 03, 2008, 10:33am
Posted by Equity Private
Continuing the pattern of infiltration by Goldman of key administration positions, and siphoning off former key administration positions, Gerald Corrigan will be Chairman of Goldman's bank holding company. In tapping the formidable Mr. Corrigan as chairman, Goldman is reaching out...
Fed Indicates That Fed May Consider Ability To Act When Acting
Dec 01, 2008, 2:23pm
Posted by Equity Private
It almost feels like Greenspan is back. "Although conventional interest rate policy is constrained by the fact that nominal interest rates cannot fall below zero, the second arrow in the Federal Reserve's quiver -- the provision of liquidity -- remains...
Silence On Gold Not So Golden
Nov 13, 2008, 2:31pm
Posted by Equity Private
The British have this particular way about "discretion," or what might in some circles be called discretion. That is to say, they keep their dirt quiet, at least as long as it takes The Sun to dig it up and...
I Am William Ackman, And I Approve Of This Message
Oct 30, 2008, 11:35am
Posted by Equity Private
Certain seals-of-approval have vastly diminished in the last 36 months. Rumsfeld's Iraq suggestions: low approval. Fannie Mae policy papers: low approval. Dick Fuld's Feng Shui guide: low approval. Others, however, have grown rather substantially in the public eye. Your mother's...
DealBreaker Afterdark: Bernanke Endorses Obama
Oct 21, 2008, 1:48am
Posted by Equity Private
A bit obnoxious as a headline for the Wall Street Journal (and of us for telegraphing it), no? Really, the entire piece makes this entry more about the continuing slide in Wall Street Journal quality than any political statement or...
The New Phantom Fed Funds Rate
Oct 07, 2008, 10:17am
Posted by Equity Private
The various appendages of governmental and quasi-governmental bodies intertwined with capital markets in the Unites States lurch about to and fro so suddenly, it's difficult to keep much of a fix on any of them. I am fairly sure that...
The Fed: Not Just A Lender, Also A Delicious Dessert Topping
Oct 07, 2008, 8:43am
Posted by Equity Private
Alea had sharp words for the Fed last night: Now that they have comprehensively destroyed unsecured lending, the Fed is said to be scheming to revive it. Sorry, won't work, banks need to raise capital and they have no incentive...
Curing The Liquidity Solvency Crisis
Sep 30, 2008, 10:08am
Posted by Equity Private
We have pointed out a few times that identifying a liquidity crisis and distinguishing it from a solvency crisis is something like an essential precursor to develop and execute a rescue plan (or to adopt "Plan B" if the first...
The Fed-Fred Trade, Preferred Stock Edition
Aug 26, 2008, 3:02pm
Posted by John Carney
Banks who bought short-term bonds sold yesterday by the government chartered mortgage giant Freddie Mac may have also boosted their own balance sheets by strengthening Freddie's preferred stock....
Trade of The Day: Buy Freddie Paper With Fed Leverage
Aug 25, 2008, 4:24pm
Posted by John Carney
Shares of Freddie Mac are soaring today, up more than 20 percent right now. The rise is being attributed to Freddie's success in selling $1 billion of three-month and $1 billion six-month notes in a weekly auction, which has supposedly...
Bazooka Strategy Seems To Be Working, For Today
Aug 25, 2008, 1:14pm
Posted by John Carney
The plan to bolster Fannie Mae and Freddie Mac by talking up the Treasury's ability to bailout their debt while talking down the possibility that the two government sponsored mortgage companies could nationalized seems to be working. Reuters reported early...
Asians Balk At Lehman Buy and The Fed Steps In
Posted in Lehman, Aug 21, 2008, 8:08am
Posted by John Carney
The Financial Times reported this morning that Lehman Brothers held talks on a sale of up a fifty percent stake with China's CITIC Securities and the state-owned Korea Development Bank, but both investors walked away because the price was too...
Collateral Schmerateral
May 02, 2008, 3:45pm
Posted by Equity Private
You could be forgiven for missing the news that the Fed is now accepting as collateral securities backed by credit card debt and auto loans. It doesn't look like a very good sign. It also makes me wonder: What if...
