Monoline Archive
Monoline proposal
Fed by itself or working with AAA counterparty offers to sell supplemental bond insurance to investors. (AFLAC concept) Maybe charge a point and insure up to a price of maybe 99, or whatever combo works. Worst case the current insurers are downgraded to AA, so they should still be able to cover
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The Fed’s next move
Fed, Inflation, Interest Rates
Jan 23, 2008
If I were a mainstream economist and on the FOMC (I’m not either, they are both), and world equity markets were firm going into the meeting next week with the monoline issue put to bed, I’d opt for no cut. That would be expected to rally the $, take down gold and
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