Another Iceberg in the Foggy Distance

The Capitan of the Titanic was asleep in his cabin when they hit the iceberg. In today’s dangerous waters, it’s tough to get any sleep at all because of icebergs like this: High Yield Debt Refunding Requirements A recent Moody’s report says, “U.S. speculative-grade issuers face more than $800 billion in refunding requirements over the […]

Eye of the Housing Hurricane

After the first wall of the hurricane passes, there’s a lull. You’re in the eye of the hurricane. It may feel like it’s over, but it’s not. It just feels better because the wind stopped blowing for a minute. But when the second wall comes through, it could be just as bad as the first. […]

Greek Tragedy Coming to a Theatre Near You

Global markets are focused on the situation in Greece and the need for Germany to step up and bail out the troubled nation. Protesters will likely take to the streets if something doesn’t get resolved this week as they need to borrow money by next week or go into default. It’s likely that either Germany […]

Greenspan’s Right

On Meet the Press yesterday, former Federal Reserve Chairman Alan Greenspan said a U.S. economic recovery is “going to be a slow, trudging thing,” and that he “would get very concerned” if stock prices continue to fall. He went on to say that a drop in stock prices is “…more than a warning sign. It’s […]

Geithner Under Heavy Fire from Critics

The beleaguered Treasury Secretary got slapped around by Congress. “For the sake of our jobs, will you step down from your post?” asked Congressman Brady (R-Texas). “I don’t think that you should be fired. I thought you should have never been hired,” said Congressman Michael Burgess (R-Texas). The comments were amplified as it was carried […]

Bernanke: Markets Tied to U.S. Currency

Today, the financial markets hinged on every word by Federal Reserve Chairman Ben Bernanke as he made a speech at the Economic Club of New York. Markets were waiting for some indication of a change in Fed policy or a comment on the dollar. They weren’t disappointed. While he didn’t imply any change in Fed […]

Fed Meeting Press Release Changes for November 2009

The Federal Reserve bascially kicked the can down the road with their announcement after the November 4, 2009 meeting. They only made minor changes to the language, as you can see below, and the only thing they made crystal clear is that they don’t see inflation on the horizon. FOMC meetings offer opportunity to not just […]

How to do your own FOMC meeting analysis

Today’s FOMC meeting offers opportunity to not just talk about financial markets but also critical thinking and learning new skills. If you took the last statement and used Word to compare it to this statement, you would see exactly what has changed. Viewing the information in this way not only eliminates the middle man and […]

Got Your Attention Yet?

The FT reported that the Bank of England cut it’s official interest rate to a 315 year low of 1.5%. In December, the US Fed cut it’s target interest rate to historic lows between zero and 25 bps and the discount rate will drop to 50 bps, a level not seen since the 1940’s. As […]

What Will the Fed Do?

The Federal Reserve is meeting today and tomorrow and the money is on a 25 basis point cut in rates, down to 2%, and then a pause from the rate cuts. As the fed knows that this is the expectation, and there isn’t any fed noise about it being wrong, it’s likely that it will […]

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