Category Archives: QE
There’s an old joke: If you can keep your head while those about you are losing theirs, you clearly don’t understand the situation. Last week was one of the most volatile weeks in the history of stock, bond, currency, and commodity markets. We kept a cool head and had an outstanding week until Thursday. France announced a short selling ban, and Sarkozy announced yet […] Read the rest of this entry »
Weekly Short Economic Stories
It finally happened. The US lost its AAA credit rating (from S&P at least) on Friday evening. It should have long since happened, but here we finally are. What happened in the US Treasury bond market on Monday ? Treasury prices rose. Then on Monday, S&P extended the favor and lowered Fanny & Freddy’s rating. Rightfully so. Last week was a brutal week for […] Read the rest of this entry »
Weekly Short Economic Stories
The US debt ceiling talks continued -more or less. It comes as no surprise that Congress and the White House are taking until the Treasury imposed deadline. The $4T deficit reduction deal is apparently off the table, and we’re stuck with trying to get a $2T reduction done. Doubtless even that would have most of the cutting 5-10 years out. Pathetic. If $2T is […] Read the rest of this entry »
Weekly Short Economic Stories
What a week! QE2 ended. And we’re not likely to see a QE3. end of the month window dressing end of the quarter window dressing Greece voted for more austerity, so it managed to not take the European banking system down. This week. equities bounced off their 200-day moving average The latest consumer confidence reading showed consumer sentiment continuing to roll over and well […] Read the rest of this entry »
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