Daily Archive: Friday, January 7, 2011

Debt ceiling dynamics

My best guess is there will be little or no fight over the debt ceiling extension. I think the President will agree to pretty much whatever the Republicans want, and get more than enough Democrats to join him. Best I can tell, the entire Congress agrees the deficit is a long term ...Read More

TRICHET SAYS ECB BOND PURCHASES ARE `ONGOING PROGRAM’

TRICHET SAYS ECB BOND PURCHASES ARE `ONGOING PROGRAM’ >    >   (email exchange) >    >    On Fri, Jan 7, 2011 at 7:09 AM, Dave wrote: >    >   In response to German govt comments earlier >    >   Also ECB is in buying small amounts of Greece and Portugal in today’s >   weak market >    They probably only see ...Read More

Bernanke Excerpts

Karim writes: Doesn’t seem like someone looking to tighten for a while….but things change and some probability of a hike for later this year or early next needs to be priced in… Although it is likely that economic growth will pick up this year and that the unemployment rate will decline somewhat, ...Read More

China’s Central Bank Says Inflation a Priority, Gold Output May Be More Than 340 Tons

China Headlines: China’s Central Bank Says Inflation a Priority Never yet seen anyone ‘cure’ inflation without increasing their output gap (recession) China 2010 Gold Output May Be More Than 340 Tons And at current prices, I’d guess it isn’t safe to walk the streets with gold in your teeth. The way markets ...Read More