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We’ve sure seen a lot of QE2 talk hashed around – including some hilarious cartoon spoof videos. But here’s a unique take from Andy Kessler on Bernanke’s real motivations for QE2, courtesy of the WSJ: I have a different explanation for the Fed’s latest easing program: Without another $600 billion floating through the economy, Mr. […]
Robert Prechter Explains The Fed, Part I The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve By Elliott Wave International The ongoing financial crisis has made the central bank’s decisions — interest rates, quantitative easing (QE2), monetary stimulus, etc. — a permanent fixture on six-o’clock news. Yet many of us […]
GDP Report Good for Main Street – Maybe Not for Wall Street. By Sy Harding, Editor, Street Smart Report October 29, 2010. The long-awaited report on economic growth in the third quarter was released Friday morning, and was a somewhat pleasant surprise. After declining from an annualized growth rate of 5.0% in the fourth quarter […]
Bond King Bill Gross writes that the Fed’s QE2 announcement will likely “mark the end of a great 30-year bull market in bonds.” From his latest PIMCO investment outlook: We at PIMCO join with Ben Bernanke in this diagnosis, but we will tell you, as perhaps he cannot, that the outcome is by no means […]
Is the Fed Sorry It Promised QE2? October 11, 2010 by Sy Harding, Editor of the Street Smart Report The Fed has had stocks and gold spiking up since early September, and the dollar plunging, first on hints that it might consider providing another round of ‘quantitative easing’ if the economic recovery continued to worsen, and […]
When can bad news be good news? Apparently when that bad news indicates the Fed will kickoff QE Part Deux! The loser jobs report from Friday has respondents to a new CNBC survey nearly certain that the Fed is going to step up to the plate in a big way come November. Following Friday’s disappointing […]
Today, stocks were up again – and on low volume, again. There is speculation that this surprisingly resilient rally is predicated on bets that the Fed will act to protect the economic recovery – or whatever you’d call this thing! For a look at the wagers being placed on potential Fed action, we turn to […]
The Federal Reserve reported today that it will “roll over” principal payments on its mortgage holdings into long-term Treasury securities. Bloomberg reports: Federal Reserve officials will maintain their holdings of securities to prevent money from being drained out of the financial system in their first attempt to bolster the economy in more than a year. […]
Here’s my understanding of the Greece bailout plan that was passed today. It’s nearly $1 trillion. It should stabilize Greece for now – credit default swaps on Greek debt tumbled on the news – though from Greece’s perspective, it’s hard to see how this is anything more than “kicking the can down the road”, as […]
Richard Russell thinks the bond market may be saying ENOUGH with the quantitative easing, reports The Daily Crux. From his Dow Theory Letters: The bond market is now very close to saying, “We’ve had enough.” … Many older subscribers probably remember my lifelong emphasis on the POWER of COMPOUNDING. But what of the power of […]
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