Thin Trading: Fed Fund Futures and Antique Watches
Yesterday, Traders embraced the release of the FOMC minutes. Indices were flat up until just before the 2:00pm release, and then took...
A Robust Segment of the Housing Market
I have spilled alot of pixels detailing the weakening Housing market, and its potential impact on the economy. But not all is woe in the...
Saturday Afternoon Chart-Porn
Delightful charts, via Floyd Norris: click for bigger, beefier, sexier graphs: Source:Sickly Credit Markets Heal a Little as Leveraged...
NAR on “Temporary” Housing Problems
I almost miss David Lereah. He was the former chief economist for the National Association of Realtors (NAR), and author of many fabulous...
Fear of a Dollar Collapse, part II
Yesterday, we discussed the potential impact of the ongoing weakening of the US dollar. Today, we look at a few printing press Money...
After the Mortgage Boom
Great set of charts via the fabulous WSJ graphics department: Delinquency Rate Its interactive, so when you mouse over a specific town,...
I Love the Smell of Repos in the Morning . . .
Last night, I asked the assembled multitudes what was the Fed’s motivation behind their big 50 bp whack. Let me add some spin...
Open Thread: Markets, Inflation, Growth, Recession
Yesterday, I said that the Fed had become Wall Street’s "Bitch". It was toward the end of the post, and I assumed it...
FOMC Statement Changes
A few different ways to parse yesterday’s FOMC Statement:(click each for larger view) Via Bill King: Download FOMC_Rel.pdf Via the...
Bernanke Blinks
FOMC Chair Ben Bernanke surprised me (and apparently, quite a few others) by slashing both the Fed Funds Rate and the Discount Rate 50...