I suspect the Chairman is seriously concerned about living out his life with his legacy, as told by the mainstream, going something like this: “Blindsided by an intense financial crisis, the Chairman, a champion of full employment and student of … Continue reading
Had dinner with him way back. He plays to the crowd: Jim Rogers: Don’t See How US Can Ever Pay Off Debts By Deepanshu Bagchee May 25 (Bloomberg) — The U.S. doesn’t deserve a AA-plus credit rating, much less triple-A, … Continue reading
Headlines: Bernanke: Aware Of Dollar’s Special Role In Global Economy Bernanke: Best Fundamentals For Dollar Come From Strong Economy Bernanke: Must Act To Bring Down Long-Term Fiscal Deficits Bernanke: Well-Functioning Chinese Economy Good For US Economy ’nuff said??
[Skip to the end] This article gives Baum a bad name. ‘Legacy of Debt’ Gives Fiscal Stimulus Bad Name: Caroline Baum Commentary by Caroline Baum June 5(Bloomberg) — By the time the U.S. government unveiled its Public Private Investment Partnership … Continue reading
Capitalism has always been characterized by a massive scrap heap of failures. Not to say the ‘winners’ don’t make it all worthwhile! ;) Why technology spending isn’t all its cracked up to be: Study By Javier E. David Oct 31 … Continue reading
Recalls my suspicion of the Bernanke legacy- “just as the recovery was gaining traction he let mtg rates rise and cratered the housing market, etc.” Full size image Y/Y: Full size image Existing Home Sales Highlights Sales of existing homes … Continue reading
Looks to me like there’s been more push back on rates due to risks to housing, perceived to be the most rate sensitive ‘engine of growth’. I don’t think this Fed wants its legacy to be ‘just when things got … Continue reading
Funny how sentiment follows stocks… And how housing has gone flat all year is dismissed. Not to forget jobless claims are about people losing their jobs and not about anyone getting a job. Yes, claims have correlated to new jobs, … Continue reading
President Barack Obama has stopped worrying and learned to live with sequestration. By Mark Deen May 27 (Bloomberg) — Gone are the cold February predictions of mass layoffs, family upheaval and the prospect of a new recession because of the … Continue reading
So much for yet another legacy. :( From Richard Koo’s latest report: But nightmare scenario awaits when private loan demand recovers. The problem is what happens when private loan demand recovers. Loan books could grow more than tenfold in the … Continue reading