On Jan 5, 2008 9:40 PM, Steve Martyak wrote: > http://www.autodogmatic.com/index.php/sst/2007/02/02/subprime_credit_crunch_could_trigger_col > > > also…. > > 9/4/2006 > Cover of Business Week: How Toxic Is Your Mortgage? :. > > The option ARM is “like the neutron bomb,” says George McCarthy, a housing > economist at New York’s Ford Foundation. “It’s going to kill […]
Tag Archives: CPI
Crisis may make 1929 look a ‘walk in the park’
Crisis may make 1929 look a ‘walk in the park’ Telegraph by Ambrose Evans-Pritchard As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central […]
A Rescue Plan for the Dollar
A Rescue Plan for the Dollar By Ronald McKinnon and Steve H. Hanke The Wall Street Journal, December 27, 2007 Central banks ended the year with a spectacular injection of liquidity to lubricate the economy. On Dec. 18, the European Central Bank alone pumped $502 billion — 130% of Switzerland’s annual GDP — into the […]
Saudi/Fed teamwork
Looks like markets are still trading with the assumption that as the Saudis/Russians hike prices the Fed will accommodate with rate cut. That’s a pretty good incentive for more Saudi/Russian oil price hikes, as if they needed any! Likewise, the US is a large exporter of grains and foods. Those prices are now linked to […]
2007-12-14 US Economic Releases
Consumer Price Index MoM (Nov) Survey 0.6% Actual 0.8% Prior 0.4% Revised n/a CPI Ex Food & Energy (Nov) Survey 0.2% Actual 0.3% Prior 0.2% Revised n/a Consumer Price Index YoY (Nov) Survey 4.1% Actual 4.3% Prior 3.5% Revised n/a CPI Ex Food & Energy YoY(Nov) Survey 2.3% Actual 2.3% Prior 2.2% Revised n/a CPI […]