Bulls, Bears & Bucks #67 : Met speculerende handelaren

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Central bankers are planning to eventually remove $1.43 trillion of housing debt from the balance sheet after critics such as Stanford University economist John Taylor accused them of straying beyond monetary policy. Philadelphia Fed President Charles Plosser said yesterday that the Fed’s purchases of housing debt expose it to demands from politicians to support other industries.

Some of the Fed’s emergency actions “blurred the line between monetary policy and fiscal policy, thereby increasing the risk to the Fed’s independence,” Plosser said in a speech. “These policies have veered toward deciding how public money should be allocated across firms and sectors of the economy.”

Policy makers agreed that it “will eventually be appropriate” to “return to holding only securities issued by the U.S. Treasury,” according to minutes of their January 26-27 meeting released yesterday.

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Op vrijdag 19 februari 2010 16:36 schreef capricia het volgende:
Wat is het verschil tussen kerninflatie en 'gewone' inflatie

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Op vrijdag 19 februari 2010 16:37 schreef SeLang het volgende:

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Kerninflatie is exclusief de dingen die je echt nodig hebt zoals eten en brandstof

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Op vrijdag 19 februari 2010 16:37 schreef SeLang het volgende:

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Kerninflatie is exclusief de dingen die je echt nodig hebt zoals eten en brandstof

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Op vrijdag 19 februari 2010 15:55 schreef pberends het volgende:
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Voor het eerst sinds 1982 daalt de kerninflatie in Bernanke-land.

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Op dinsdag 23 februari 2010 18:28 schreef pberends het volgende:
Even gezamenlijk UK uitlachen:

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Wat een derde wereld-land!

Ondanks dat ze de geldpers hebben aangezet voor 300 miljard pond !

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Op dinsdag 23 februari 2010 18:37 schreef Q. het volgende:

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En dan zeggen dat de Euro in de problemen zit en het Pond en de Dollar veilige havens zijn. !

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Op woensdag 24 februari 2010 17:51 schreef Q. het volgende:
Australië ook zo'n groot tekort? Had altijd het idee dat het daar wel aardig goed ging.

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Geithner: Spending and fiscal austerity goals are not in conflict
Assessing a tough governmental juggling act, Treasury Secretary Timothy Geithner assured lawmakers Wednesday that stimulus spending to spur the economy now isn't in conflict with a need for longer-term austerity. Geithner told the House Budget Committee that before the federal government can begin attacking soaring deficits and a massive national debt, it needs to increase jobs and ensure economic growth.

"Without growth, we cannot begin the process of restoring fiscal responsibility," the secretary said in prepared remarks.

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Greenspan Says Crisis ‘By Far’ Worst, Recovery Uneven
Former Federal Reserve Chairman Alan Greenspan said the financial crisis was "by far" the worst in history and called the recovery from the global recession "extremely unbalanced." The world economy has undergone "by far the greatest financial crisis globally ever," Greenspan said today in a speech to the Credit Union National Association’s Governmental Affairs Conference in Washington. Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because "never had short-term credit literally withdrawn."

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US Lending Falls at Epic Pace
U.S. banks posted last year their sharpest decline in lending since 1942, suggesting that the industry's continued slide is making it harder for the economy to recover. While top-tier banks are recovering at a faster clip, the rest of the industry is still suffering, according to a quarterly report from the Federal Deposit Insurance Corp. Banks fighting for survival, especially those plagued by losses on commercial real estate, are less willing to extend loans, siphoning credit from businesses and consumers.

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Nearly 20% of U.S. workers underemployed
Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released on Tuesday. In findings that appear to paint a darker employment picture than official U.S. data, Gallup estimated that about 30 million Americans are underemployed, meaning either jobless or able to find only part-time work.

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Republicans push Obama to put Fannie, Freddie on budget
A pair of key Republicans on the House Financial Services Committee is pushing the White House to end the long-standing practice of excluding mortgage finance companies Fannie Mae and Freddie Mac from the federal budget. "It is the same sort of financial shell game that has brought governments like Greece to a crisis point. Hiding your debts just leads to a bigger day of financial reckoning down the road," said Representative Spencer Bachus, the top Republican on the panel.

Bachus said he was backing legislation from Representative Scott Garrett, the top Republican on the House Financial Services Subcommittee on Capital Markets, to put the two enterprises on the federal budget. Fannie Mae and Freddie Mac, which play a role in funding three-quarters of all U.S. residential mortgages, came under government control in September 2008 when they received a massive bailout that gave the government a 79.9 percent stake.

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The deathbed of Keynesian economics
The UK has produced notable economists over the years, but John Maynard Keynes, the guru of government intervention, was one of truly global significance. So it may be fitting that the UK will also become the deathbed of Keynesian economics. Britain has been following the mainstream prescriptions of his followers more than any developed nation. It has cut interest rates, pumped up government spending, printed money like crazy, and nationalised almost half the banking industry.

Short of digging Karl Marx out of his London grave, and putting him in charge, it is hard to see how the state could get more involved in the economy. The results will be dire. The economy is flat on its back, unemployment is rising, the pound is sinking, and the bond markets are bracketing the country with Greece and Portugal in the category marked "bankruptcy imminent." At some point soon, even the most loyal disciples of Keynes will have to admit defeat, and accept that a radical change of direction is needed.

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Op woensdag 24 februari 2010 21:43 schreef Perrin het volgende:
Schiet allemaal nog niet zo op, die recovery.

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Op woensdag 24 februari 2010 21:46 schreef capricia het volgende:

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Idd. Ik denk nog wel eens aan het W-scenario. De kou is nog niet uit de lucht. Zeker in Europa niet.

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Op woensdag 24 februari 2010 22:21 schreef Q. het volgende:
Want naar boven gaat er de komende decennia niets.

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Op woensdag 24 februari 2010 22:21 schreef Q. het volgende:

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Ja, en in de USA gaat het zo lekker met staten die zo goed als failliet zijn.

Oh. En die W is meer een \/\-vorm. Want naar boven gaat er de komende decennia niets.

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Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis.

The big bets are emerging amid gatherings such as an exclusive "idea dinner" earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to "parity"—or equal on an exchange basis—with the dollar, people close to the situation say.

bron en hele artikel hier: http://online.wsj.com/art(...)087741848074392.html

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Op zondag 28 februari 2010 21:42 schreef bascross het volgende:
Blijkbaar ziet Merkel ook niet door de onzin van Engeland en de VS heen,

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De bedoeling is dat het laatste blok wordt geschrapt. Vakbonden hebben gezegd dat het schrappen van de 'veertiende maand' gelijkstaat aan een 'oorlogsverklaring'.

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De vakbonden hebben grote moeite met de bezuinigingen. "Het is een erg moeilijke dag voor ons. (...) Deze bezuinigingsmaatregelen brengen ons aan de rand van de afgrond. Brussel wil dat er bezuinigd wordt en de regering doet er niets aan om dat te stoppen," aldus de voorzitter van de ambtenarenvakbonden, Panayiotis Vavouyios.

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Op woensdag 3 maart 2010 18:54 schreef Q. het volgende:
Snappen die vakbonden het nou echt niet?

Dat worden weer een boel stakingen in Griekenland.

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Op woensdag 3 maart 2010 18:55 schreef pberends het volgende:

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Ze hebben liever dat het land failliet gaat.

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Europe bars Wall Street banks from government bond sales

European countries are blocking Wall Street banks from lucrative deals to sell government debt worth hundreds of billions of euros in retaliation for their role in the credit crunch.

"Governments do not have the confidence that the excessive risk-taking culture of the big Wall Street banks has changed and they still cannot be trusted to put the stability of the financial system before profit," said Arlene McCarthy, vice chair of the European parliament's economic and monetary affairs committee. "It is no surprise therefore that governments are reluctant to do business with banks that have failed to learn the lesson of the crisis. The banks need to acknowledge the mistakes that were made and behave in an ethical way to regain the trust and confidence of governments."

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Op dinsdag 9 maart 2010 16:49 schreef pberends het volgende:
Brits handelstekort dramatisch hoog

Het houdt maar niet op bij die Britten . Ondanks de compleet waardeloze pond.

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Geithner: European Reforms Would Harm U.S. Interests
Treasury Secretary Tim Geithner has cautioned the European Commission about its latest attempts at financial regulation, warning that American banks, hedge funds and private equity funds would be discriminated against by the proposed rules.

In a letter to Michel Barnier, Europe's new Commissioner for Internal Market, Geithner expressed concern over the directive's "third country" provision, which would restrict European investment in non-European funds, the Financial Times and Wall Street Journal report.

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Op vrijdag 12 maart 2010 14:47 schreef Perrin het volgende:
Geithner: blijf geld pompen in onze papieren rommel!
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Op donderdag 18 maart 2010 15:57 schreef piepeloi55 het volgende:
Prachtig plaatje waarin je kunt zien dat overheden de klappen proberen op te vangen. Mede daardoor nog geen echte deflatie (+speculatief geld dat zorgt voor hogere commodityprjzen), maar overheden kunnen daar maar beperkt mee doorgaan. Zodra dat gedaan is en de positie van de private markt niet hersteld is (mijn mening is dat dat niet het geval zal zijn) + overheden die zelf beginnen met het aflossen van schuld, krijgen we echte (zware) deflatie.