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Economic Outlook
April 19, 2011 Posted by
Treasuries maturing in 30 days have dropped from the 0.05 - 0.10 percent range to the 0.01 - 0.02 percent range. Overnight repurchase agreements (or "repo") spent last week at zero.
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Quarterly Economic Report
April 01, 2011 Posted by
No, the title to this commentary is not a typo. On March 22, the Treasury announced it would sell its mortgage holdings, plunking a cool $10 billion of the securities back into the market on a monthly basis until its entire $142 billion of holdings have been depleted. On the other side of this transaction, the Treasury will do… nothing.
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Economic Outlook
March 29, 2011 Posted by
Often when I'm asked to speak at events, I am introduced as an economist. When this occurs I do my best to correct the perception. In my view, to be considered an economist is a slur. Let me explain.
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Economic Outlook
March 22, 2011 Posted by
Thus far, the government's attempts to jump over the drama of the current recession have had less than spectacular results. To be sure, the American drive is alive and well, but we've hit more than a bump in the road and now everyone is scrambling for answers.
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Economic Outlook
March 15, 2011 Posted by
In fact, one of the many fallacies being exposed today about the financial world is the activity, duty and purpose of the ratings agencies. Contrary to what many believe, ratings are not handed down from a power on high, implying that a triple-A investment can never go wrong...
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Economic Outlook
March 07, 2011 Posted by
The "glass half-empty" crowd always has a large cheering section, but the '08 Liquidity Crisis is an added power to their message ...
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Economic Outlook
February 15, 2011 Posted by
Mortgage underwriters, analysts, salesmen, executives, and even investors were not paying attention for some years leading up to the liquidity crash of '08. But the slo-mo effect began much earlier in 2007 when Household Finance announced dismal first quarter earnings due to write-downs from their subprime unit.
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Economic Outlook
February 07, 2011 Posted by
In fact, the Fed owns more Treasuries than anyone with a cool trillion dollars of those risk-free assets.  OK, maybe this was a trick question. I mean, after all, if I asked who owns the most IBM stock, you wouldn’t think counting the stock in their Treasury department would count.
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