Will Mortgage Rates Soar As Fed Programs Wind Down?
Fed Support No Longer Unlimited
There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth. The Federal Reserve has supported this effort [...]
Fiscal Discipline - Endorsed By All, Practiced By None
Has anyone noticed the correlation of “fiscal discipline” chatter to rising interest rates? Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long [...]
Geithner - “I am not a crook”
“Chinese assets are very safe”
This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China. That Mr. Geithner felt compelled to make [...]
Chinese Likely To Halt Purchases Of US Treasury Debt
Nervous Times In China
The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how [...]
Do Bernanke And Obama Talk To Each Other?
Bernanke Gives Upbeat Assessment On Economy
Chairman Bernanke predicted today that the recession would end in 2009. Some of his upbeat, optimistic comments included:
“If actions taken by the administration, the Congress and the Federal Reserve are successful in [...]
Bernanke Predicts 2010 Recovery In Stocks, Housing & Economy
Bernanke Predicts Recession To End In 2009
The stock market jumped over 200 points today, partly due to Federal Reserve Chairman Ben Bernanke’s optimistic comments to the Senate Banking Committee. Some selected comments by the Chairman follow:
“If actions [...]
