Bernanke to Banks: Take the Hit
Will "Helicopter Ben" become "Bailout Ben"? My initial read of the FOMC Chair’s speech today suggest he will...
Why the Fed is Compelled to Lie to Congress
I had an interesting conversation yesterday about Ben Bernanke’s testimony with a person upset over the obvious understatements,...
Declining Home Prices, Rising Mortgage Rates
courtesy of WSJ > The Fed’s effort to bail out the credit crisis and Housing crash has run into an odd problem: Despite cutting...
Fed struggles to halt march of stagflation
Why does it seem that such a disproportionate number of high quality reads seem to come from across the pond? Perhaps that distance gives...
Fed Cuts of a Different Variety
John Mauldin points out this morning that the Fed cut something else recently — their economic projections for 2008: Source:The...
The Bankers’ Bailout
I mentioned this yesterday (Inflating Our Way Into Recession), but I thought it was an important enough piece to highlight on its own....
Open Thread: The Return of Stagflation?
From the front page of tomorrow’s WSJ, comes this charming article: "The U.S. faces an unwelcome combination of looming...
Feldstein: Holy S*&#!
Shorter Martin Feldstein: -More Fed regulation of financial institutions is needed; -The national fall in house prices is...
Inflating Our Way Into Recession
Chart courtesy of Bill King, M. Ramsey Securities > For quite some time in these pages, we have been lamenting the mistaken belief...
Quote of the Day: Hard to Ignore Soaring Food Prices
Last week, the WSJ observed that 3 major food companies were having "their lunches eaten by soaring commodity prices. Costs at...