Monthly Archive:: August 2011

Posen Says G7 Central Banks Should Do More QE

He should know better by now. Must be a slow learner. Posen Says G7 Central Banks Should Do More QE, Reuters Reports Aug. 31 (Bloomberg) — Bank of England policy maker Adam Posen said central banks in advanced economies should undertake more quantitative easing to aid the global recovery and make it ...Read More

SZ News

Budget surplus, strong currency to the point where it weakens exports if they don’t buy sufficient fx to keep the currency down. Fits the pattern. Swiss July Consumer Indicator Declines to Lowest in 1 1/2 Years Aug. 30 (Bloomberg) — A gauge of Swiss consumer demand dropped to the lowest in 1 ...Read More

Central Banks Cannot Go Bust – But Can Cause Trouble

CNBC: Central Banks Cannot Go Bust – But Can Cause Trouble As previously discussed, since the S&P downgrade, the talk of the US becoming the next Greece has gone conspicuously quiet. And, as suggested may happen, the anti deficit talk is shifting to inflation. And that’s a much tougher sell in Congress. ...Read More

Valance Weekly Economic Chart Book

Valance Weekly Economic Chart Book ...Read More

DJ Fed’s Plosser:We Will Continue To Support Dollar Funding Issues -CNBC

*DJ Fed’s Plosser:We Will Continue To Support Dollar Funding Issues -CNBC This means unlimited, unsecured, Fed $US loans to foreign central banks. Hope they don’t game us this time… ...Read More

July CPI Shows 1st Increase In 2.5 Years

Bet they’re sorry now for all that deficit spending, two decades of 0 rates, and untold QE ‘money printing’- inflation is finally ripping! Not July CPI Shows 1st Increase In 2.5 Years May 25 (Dow Jones) — Japan’s core consumer price index rose 0.1% in July from a year earlier for the ...Read More

Jackson Hole- comments tomorrow’s speech by Fed Chairman Bernanke

First, I see no public purpose in burning any crude oil to fly the Chairman and his entourage to make any speech. He could just as easily deliver this one from the steps of the Fed in DC. Congress should demand a statement of public purpose before endorsing any travel by its ...Read More

BERKSHIRE WARRANTS FOR 700M SHRS EXERCISE PRICE $7.142857/SHR

Once again, management is quick to sell the shareholders down the river with a fat coupon, low strike, dilutive preferred. This is one of the inherent risks of being a common shareholder under current law. It keeps stocks cheaper than otherwise, which makes them more attractive as takeover candidates, as when you ...Read More

Valance Weekly Report 8.24.2011

Valance Weekly Report US – Philly Fed collapse EU – Confidence weakening JN – Corp Service Prices Unchanged, Industry Activity Increased UK – Weak Retail, factory orders improving CA – Positive CPI met expectations AU – “Currency intervention isn’t warranted” NZ – Exodus continues ...Read More

DGO

Right, and still looks to me that with an 8%+ US federal budget there won’t be a major collapse in aggregate demand. Karim writes: Main story is in the revisons July durables -1.5% ex-aircraft and defense (up 4% headline) But the core measure was revised from -.4% to +.6% for June and ...Read More