Monthly Archives: November 2008

Tresury credit default swaps soar

[Skip to the end] >    >   On Wed, Nov 26, 2008 at 11:31 PM, Scott wrote: >    >   FYI. More insanity. Love it when the guy asks where the money comes >   from. What are your thoughts on selling CDS on Tsy’s? >    … Continue reading

Posted in Treasury | Tagged , |

The Great Roubini

[Skip to the end] Yes, he’s been calling for an economic collapse, that began in July. But looks like yet another case of ‘better lucky than good’ as he here demonstrates a lack of understanding of monetary and fiscal policy. … Continue reading

Posted in Fed | Tagged |

2008-11-28 USER

[Skip to the end] NAPM Milwaukee (Released 10:00 EST) NAPM Milwaukee (Nov) Survey n/a Actual 35.0 Prior 42.0 Revised n/a [top]

Posted in Daily | Tagged |

Response to former EuroCom staffer

[Skip to the end] Dear all- As one of the European Commission staff members responsible for macroeconomic analysis in the late 1970s and the 1980s, I am among the “depositaires de la mémoire collective”. So it may not surprising that … Continue reading

Posted in Proposal | Tagged |

Review of today’s government actions

[Skip to the end] Two ‘bailouts’ today, the Fed asset purchase program and Citibank: Comments on the asset purchase program: Major theme- the answer to the housing and automobile issue is consumers with enough income to be able to afford … Continue reading

Posted in Daily, Government Spending | Tagged , , |

Orszag again

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Posted in Obama | Tagged , |

New Fed securities purchases

[Skip to the end] I like this part, after all the criticism of lenders who relied on credit agency ratings: “Each month, the Fed will auction off a fixed amount of one-year loans based on competitive bids to borrowers who … Continue reading

Posted in Fed | Tagged , |

2008-11-26 USER

[Skip to the end] MBA Mortgage Applications (Released 7:00 EST) MBA Purchasing Applications (Released 7:00 EST) MBA Refinancing Applications (Released 7:00 EST) Durable Goods Orders (Released 8:30 EST) Durable Goods Orders YoY (Released 8:30 EST) Durables Ex Transportation MoM (Released … Continue reading

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

Re: Government support for GSE assets and debt

[Skip to the end] Yes, the Fed is the agency that’s set up to buy financial assets, not the treasury as per the TARP. They got that one wrong, this one right, in that respect. Of course, no excuse not … Continue reading

Posted in Email | Tagged |

Re: Orszag to head OMB

[Skip to the end] (email exhange) Hopefully it’s something like 3 steps forward and only 1 or 2 steps back… >    >   On Tue, Nov 25, 2008 at 1:29 AM, Scott wrote: >    >   Looks like Orszag’s the man to get the … Continue reading

Posted in Obama | Tagged , |