Another month, another new low: Existing-home sales resumed its fall. The ugly details follow: • Sales of single-family homes fell 3.2%...
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UBS on yesterday’s PPI data: Whilst Bernanke took centre stage, macro data showed the increasing problems we face. Producer prices...
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And another cliché dies a well deserved death . . . "In 2001, stocks kept falling even as the Fed cut interest rates heavily. The...
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The Fed is putting the spotlight back on inflation concerns: click for video
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Have you noticed what the interest rate TIPs now pay? How about Zero? Thanks to a flight to safety, the fixed rate on the newest...
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Kids, we have some fascinating reading in store for you this weekend. The "conservative" Swiss banking giant UBS — and I...
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Apropos to our earlier criticism of the US Central Bank is this piece by Stanford prof Ronald McKinnon, titled Bagehot’s Lessons...
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Greg Ip of the WSJ: Source:Fed Weighs Pause After Next Rate CutInflation Worries Loom as Economy Continues to StallGREG IPWSJ, April 24,...
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That’s the issue raised by a S&P report on government-sponsored enterprises (GSEs) — Fannie Mae (FNM), Freddie Mac (FRE)...
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While there is plenty of blame to go around in the entire banking debacle, let’s not forget who the key enablers were: The rating...
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