Friday, June 17, 2005
Sunday, June 12, 2005
Saturday, June 11, 2005
Wednesday, June 01, 2005
Safe Haven | The Fed Opts for Growth, Ignoring Imbalances and Inflation
Safe Haven | The Fed Opts for Growth, Ignoring Imbalances and Inflation
Richard Russell dug up the following quote from Alan Greenspan - from 1996:
"The excess credit which the Fed pumped into the economy spilled over into the stock market -- triggering a fantastic speculative boom. Belatedly, the Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929, the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and consequent demoralizing of business confidence." Alan Greenspan, The Objectivist, 1966
Richard Russell dug up the following quote from Alan Greenspan - from 1996:
"The excess credit which the Fed pumped into the economy spilled over into the stock market -- triggering a fantastic speculative boom. Belatedly, the Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929, the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and consequent demoralizing of business confidence." Alan Greenspan, The Objectivist, 1966
Thursday, May 19, 2005
Monday, May 16, 2005
Sunday, May 15, 2005
bond short note
``There is just a very good bid for Treasuries,'' said Paul Calvetti, head of proprietary Treasury trading at Barclays Capital Inc. in New York. ``They are definitely fundamentally rich, but this situation could persist.''
Concern that the 10-year note was too expensive led Barclays debt strategists on May 13 to recommend ``an outright short'' position, or bets against a further increase in the notes.
Saturday, May 14, 2005
Friday, May 13, 2005
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