Daily Archive: Wednesday, December 17, 2008

The Fed and Deleveraging, revisited

[Skip to the end] Deleveraging involves nothing more than ‘reintermediation’ back to the banking system (as described in more detail previous posts). The government has failed to facilitate this transition back to a banking model to allow it transpire in an orderly fashion. All that needed to happen was for credit spreads ...Read More

2008-12-17 Warren B is on the radio!

[Skip to the end] Mike Norman’s show Wednesday, December 17, 2008 @ 10:20 EST Houston Area: Houston 1110 AM KTEK Dallas / Fort Worth Area: DFW 1110 AM KJSA [top] ...Read More

Quantitative Easing for Dummies

[Skip to the end] FACTBOX: What is quantitative easing? Tue Dec 16, 2008 3:30pm EST NEW YORK (Reuters) – The Federal Reserve on Tuesday cut its target for overnight interest rates to zero to 0.25 percent, bringing it closer to unconventional action to lift the economy out of a year-long recession. “The ...Read More

2008-12-17 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) Current Account Balance (Released 8:30 EST) Current Account TABLE 1 (Released 8:30 EST) Current Account TABLE 2 (Released 8:30 EST) Current Account TABLE 3 (Released 8:30 EST) Current Account TABLE ...Read More