Daily Archives: February 27, 2008 @ 4:46 pm (Wednesday)

Bernanke testimony

Mercantilism is alive and well Most telling statement when asked about what he wanted for the economy- moderate domestic consumption, more investment, and more exports to eliminate the trade deficit. (I’m looking for the transcript now to get the exact … Continue reading

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2008-02-27 US Economic Releases

MBAVPRCH Index (Feb 22) Survey n/a Actual 358.2 Prior 357.6 Revised n/a While still winter numbers, this is nonetheless looking very weak. No way to tell if it’s more than loss of market share to banks, but other winter housing … Continue reading

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Two quick comments on inflation

Bernanke may be reminded of the reason the dual mandate includes inflation – voters don’t like inflation even more than they don’t like unemployment. As inflation rates rises into the March 18 meeting, with the FF rate at 3% the … Continue reading

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Additions to yesterday’s review

Forgot to include the influence of the 8,000 lb gorilla I’ve been advancing for the last few years! Supporting GDP Pension funds adding to allocations for passive commodity strategies Sources of inflation Pension funds adding to allocations for passive commodity … Continue reading

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Re: update

Dear Philip, Seems there’s a break between Mishkin and Kohn that previously wasn’t there. Markets are thinking Kohn supports a 50 cut and that he and Bernanke are alligned. Today Bernanke may show whether he leans towards Mishkin, the co … Continue reading

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