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Bond markets soaking up Greece |
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Written by Rebecca Wilder
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Monday, 25 January 2010 |
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Greece announced a 5-yr 8 billion euro deal today (as expected) – yesterday I called this a Hail Mary. Well, the Hail Mary worked! Books are closed, and the deal is well over subscribed (i.e., strong demand for the deal). Evidently, the talk is that there is natural demand for this product, via the rest of Europe, to shore up the value of the bonds over the near term.
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Written by Tim Price
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Monday, 25 January 2010 |
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“The whole world is drinking poison to quench its thirst. It may feel like relief now, but the sickness will strike in 2012.â€
-Â Â Â Â Â Â Economist Andy Xie, referring to capital injections to stabilize the financial system.
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With Friends Like These... |
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Written by Mark Thoma
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Monday, 25 January 2010 |
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Atrios:
Harold Ford thinks we should cut taxes and cut the deficit and that the federal government should shrink in size and create jobs.
And that's how stupid you have to be to write an op-ed for our elite papers.
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"Prospects for Employment: Evidence from Prior Recoveries" |
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Written by Mark Thoma
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Thursday, 21 January 2010 |
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I missed this when it first came out earlier this month:
Prospects for Employment: Evidence from Prior Recoveries, by Eric S. Rosengren, President, FRB Boston
Unfortunately, the prospects for employment aren't so good:
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BRIC and Other Central Banks Buying Resource Currencies, Diluting Dollar and EUR Holdings |
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Written by Eric Roseman
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Monday, 25 January 2010 |
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Last week, Russia's central bank revealed that it purchased Canadian dollars to supplement its expanding foreign exchange reserves – mostly in dollars and EUR.
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Paul Krugman: The Bernanke Conundrum |
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Written by Mark Thoma
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Monday, 25 January 2010 |
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Paul Krugman's view on Ben Bernanke's reconfirmation as Fed Chair:
The Bernanke Conundrum, by Paul Krugman, Commentary, NY Times: A Republican won in Massachusetts — and suddenly it’s not clear whether the Senate will confirm Ben Bernanke for a second term as Federal Reserve chairman.
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Banks Are Not the Only Problem |
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Written by Comstock Partners
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Thursday, 21 January 2010 |
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The President's proposal to rein in the large banks is only a catalyst for a decline that was bound to happen. There are lots of other reasons, both fundamental and technical, why the market has and will continue to sell off. That the talking heads on financial TV are brushing off the severe two-day decline as a buying opportunity is only an indication of how excessive the overall optimism in the market has become and why there is risk of a significant decline.
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Corporations are People Too? |
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Written by Mark Thoma
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Thursday, 21 January 2010 |
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Just what we need, an increase in the ability of corporations to exert political influence:
Justices Overturn Key Campaign Limits, by Adam Liptak, NY Times: Sweeping aside a century-old understanding and overruling two important precedents, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections.
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Page 87 of 104 |
