Monthly Archive:: February 2009

Excerpt from Bernanke’s testimony

[Skip to the end] BROWN: Specifically, what worked that Roosevelt did? What did we learn from that? What worked that applies to now? BERNANKE: Well, there were two things that he did almost within months of taking office that were extremely important. One was the bank holiday and the subsequent measures, like ...Read More


[Skip to the end] Closing at the tights of the day. One of the only ways to hedge higher tax rates. BMA/LIBOR mids Start Term Frequency Gross Net MBA Fwd Hedge Cost Floor Wgt Cap Wgt 5.00 5.00 12 98.74% 90.56% -8.18% 3.996% 60.5 -62.6 5.00 10.00 12 102.13% 92.92% 4.032% -9.21% ...Read More

2009-02-27 USER

[Skip to the end] GDP QoQ Annualized (Released 8:30 EST) GDP YoY Annualized Real (Released 8:30 EST) GDP YoY Annualized Nominal (Released 8:30 EST) GDP Price Index (Released 8:30 EST) Core PCE QoQ (Released 8:30 EST) GDP ALLX (Released 8:30 EST) Personal Consumption (Released 8:30 EST) Chicago Purchasing Manager (Released 9:45 EST) ...Read More

Obama vs Mosler- The Tale of the Tape

[Skip to the end] Obama vs. Mosler- The Tale of the Tape [top] ...Read More

2009-02-26 USER

[Skip to the end] Durable Goods Orders (Released 8:30 EST) Durable Goods Orders YoY (Released 8:30 EST) Durables Ex Defense MoM (Released 8:30 EST) Durables Ex Transportation MoM (Released 8:30 EST) Durable Goods ALLX (Released 8:30 EST) Initial Jobless Claims (Released 8:30 EST) Continuing Claims (Released 8:30 EST) Jobless Claims ALLX (Released ...Read More

2009-02-25 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) Existing Home Sales (Released 10:00 EST) Existing Home Sales MoM (Released 10:00 EST) Existing Home Sales YoY (Released 10:00 EST) Existing Home Sales Inventory (Released 10:00 EST) Existing Home Sales ...Read More

2009-02-24 USER

[Skip to the end] ICSC UBS Store Sales WoW (Released 7:45 EST) ICSC UBS Store Sales YoY (Released 7:45 EST) Redbook Store Sales Weekly YoY (Released 8:55 EST) Redbook Store Sales MoM (Released 8:55 EST) ICSC UBS Redbook Comparison TABLE (Released 8:55 EST) S&P Case Shiller Home Price Index (Released 9:00 EST) ...Read More

From a memo from Paul Saunders

[Skip to the end] Paul runs James River Capital Corp and sent this out today: Everyone, including our public officials running this country, think in terms of the private sector and not the public sector. They are so used to running their own businesses or their own lives, that they are unable ...Read More

Bernanke describes jobless recovery

[Skip to the end] Yes, and this is a massive political risk. The deficit is getting large enough to stabilize the economy at high levels of unemployment. With flat employment growth, and 2% productivity growth, real GDP grows at 2% and unemployment stays north of 8%. And the equity markets are in ...Read More

Cruzan confusion

[Skip to the end] Transcript from a local meeting with our non voting representative to Congress. Must be the Democratic Party’s script: Christensen: Stimulus Will Help, But Won’t Solve All Problems by Carol Buchanan Feb 19 (St. Croix Source) — “In her presentation she mentioned that the money for the stimulus package ...Read More