Lacker is crazy as ever http://www.cnbc.com/id/15840232?video=1461464858&play=1 Says supports extended period but doesn't think its a time table, Fed will still do policy based on the data. That doesnt make much sense, they ALWAYS do policy based on the data, one should ask him: what is the difference between having the statement and looking at the data and not having it and looking at the data? The truth is, a few select hawkish members of the Fed are effectively removing the statement by creating uncertainty back in the marketplace when they say its not a timetable. The top 3 or 4 dogs of the Fed(Bernanke, Dudley, Kohn and Yellen) to my knowledge haven't said anything of this kind however
EFF printed 0.20% yesterday, its been a while at that level. Libor is reaching 0.30%, the OIS 3m is at 0.21%, to me this is surprising, the rise in the EFF has been steady and it might not stay around 18bps as I had expected
Interesting, this guy David Altig sits on the FOMC as a watcher http://macroblog.typepad.com/ He might let it slip a few interesting details(that will not be priced by the markets because the information is too damn hidden) You can check all the people that watch and are present in the beginning of the FOMC minutes
ralph00, say goodbye to your 1% FF by summer http://blogs.wsj.com/economics/2010/04/07/feds-dudley-calls-for-action-on-bubbles/ "The official indicated interest rate policy is not the best tool to moderate a market thatâs running wild. Because every bubble is its own beast, âa rules-based approach to bubbles is likely to be ineffective,â Dudley warned. Instead, talking and regulation appear best suited to the task at hand. âUse of the bully pulpit and macro-prudential tools, such as rules limiting loan-to-value ratios or leverage, are likely to prove superior to monetary policy,â Dudley said."
an easy way to restrict the size of banks would be to cap the fdic insurance,it would limit the number of 200k accts,if you couldnt be insured ,you would have to be at another bank
What a massive day in the front end, the market seems a bit slow but now is digesting the 'we rather be late, guys'
I hope you're right. I am still long these ge calls. I understand well the case for owning them. Its my nature to seek out and dwell on information that will send their value to zero.
Greece seems to be pulling a FRE FNM here, the EU announced the bazooka, now they might just have to fire it http://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND http://www.bloomberg.com/apps/quote?ticker=GGGB2YR:IND The thing is, they are already loaded with debt, an IMF or EU loan will have to come with significant subsidies in order to help them, anything else will just buy time for them to implement significant fiscal reform which they dont seem to be willing to do
According to Greenlaw "Excluding the effects of bad weather and Census hires, we estimate that payrolls rose by 14,000 in March versus +71,000 in February and +5,000 in January. "