Let’s hope they get the communication thing down a bit better . . .
Dear Ben . . .
Dear Ben, Well, its been a rough couple of months. Like most new Fed Chairs, you’ve had a baptism by fire. First, elevated...
NYTimes, Société Générale, & Me
>When it rains, it pours: Last night, I actually spoke with a reporter (novel idea) about a piece he was writing on Société...
Read it here first: Fed Responding to Stocks?
Read it here first: the latest meme making the rounds is whether Tuesday’s emergency Fed action was a "Rogue rate...
Fed: We didn’t know about SocGen trades
As we suspected earlier today: The Federal Reserve was not aware that Societe Generale was unwinding trades in Europe on Monday that had...
Fed’s Folly: Fooled by Flawed Futures?
Was it a misunderstanding of their mandate, inexperience, or just plain hubris? Regardless, it took only 2 days to learn just how...
Is the Fed a Paper Tiger?
Yesterday, we listed 7 concerns with the Fed’s confusing emergency 75 bp rate cut. We said we detected a “A Whiff of Panic . ....
Open Thread: Bill Gross Quote
I totally agree: "It’s a sad testament to think the Fed has to cut interest rates eight days in front of a meeting to salvage...
“A Whiff of Panic . . .”
Welcome NYT readers: The What’s Online column linked to the wrong commentary — the post Dan was referencing was this...