Daily Archive: Thursday, August 26, 2010

Audit the Fed!!!

The Fed should offer full transparency. These are the reasons the Fed gives for secrecy: “The Fed argued that allowing disclosure could stigmatize banks, causing a loss of confidence that could lead to deposit runs, bank failures and damage to the economy.” The fact that the Fed fears a liquidity crisis is ...Read More

Europe Loan Growth Accelerates as Economy Recovers

Europe Loan Growth Accelerates as Economy Recovers By Christian Vits Aug. 26 (Bloomberg) — Loans to households and companies in Europe grew at the fastest pace in 13 months in July after the economic recovery gathered steam. Loans to the private sector rose 0.9 percent from a year earlier after growing an ...Read More

New Home Sales…

Looks to me like maybe the payback has run its course. I’d look for a rebound through the orange line I drew. The only problem is there aren’t a lot of actual houses for sale. So a pick up in housing starts can’t be far off either as they are very low ...Read More