Monthly Archives: November 2007

Q&A with Kohn

Kathleen Stephansen from Credit Suisse: Just thank you very much for this very interesting speech. Just a question: You alluded to the discount rate and the stigma that it still carries. Would you think that if there was no spread … Continue reading

Posted in Fed | Tagged , , |

2007-11-30 US Economic Releases

Summary:Nothing particularly alarming regarding balance of risks.Personal income and spending lower than expected. Questions are whether exports will continue pick up and support gdp, and whether this is weaker than the Fed’s Oct 31 projection. Deflator and core pce also … Continue reading

Posted in Daily | Tagged , , , , , , , |

2007-11-29 US Economic Releases

GCP Annualized (3QP) Survey 4.8% Actual 4.9% Prior 3.9% Revised n/a Keeps coming in above expectations. Personal Consumption (3QP) Survey 2.9% Actual 2.7% Prior 3.0% Revised n/a A touch higher bust still seems very low. GDP Price Index (3QP) Survey … Continue reading

Posted in Daily | Tagged , , , , , , , , |

Review of Bernanke Speech

(prefaced by interoffice email) > Key line is the Committee will have to judge whether the outlook > for the economy or the balance of risks has shifted materially. This > opens the door for changing the balance of risk … Continue reading

Posted in Fed | Tagged , , |

Review of Evans Speech

November 27, 2007 Financial Disruptions and the Role of Monetary Policy* Skipped the first part. It’s very good history and analysis. With regard to shocks to the financial system, our concern is about the ability of financial markets to carry … Continue reading

Posted in Fed | Tagged , , |

Second Look at Kohn Speech

‘People can misinterpret almost anything so that it coincides with views they already hold. They take from art what they already believe.’ -SKubrick Went through Kohn’s speech again and still don’t see it the way the markets do. Am I … Continue reading

Posted in Fed | Tagged , , |