Post Tagged with: "market wizards"
Is the Fed going to raise rates?
No! The Fed is not crazy. Market participants are forgetting that the U.S. economy is still not out of the woods. Moreover, many financial institutions are drowning in writedowns. None of this should be expected to change anytime soon. Yet, the market now expects the Fed to actually raise rates. Yes, inflation is rising, but
Caroline Baum: Dollar Policy for Dummies
Caroline Baum has a great column at Bloomberg News today about U.S. Dollar policy. The basic thrust of the column was about asking Ben Bernanke to put his money where his mouth is. The Fed can talk all it wants — about the Dollar and anything else it affects. But if it’s not willing to
Caroline Baum: Greenspan, `Master of Garblements’
Caroline Baum, one of the best financial reporters out there, has a new column today about the Fed. I recommend it highly. The article is about a new book by Robert Auerbach, Professor at the University of Texas, Austin called “Deception and Abuse at the Fed.” None of the Fed chairmen chronicled in the book
Soros says commodity bubble echoes ’87 climate
Are we headed for a crash in commodities like the one in 1987 in equities? I doubt it. But, I am concerned that the commodities bubble is getting well out of hand. Certainly, the rationale for commodities as an inflation hedge and in a world of scarce resources is well-founded. However, the rise of late
News Round-Up: 02 June 2008
Has Oil Production Reached a ‘De Facto’ Peak? Read It Here First: States’ Impact on Economy States and Cities Impact On GDP Taleb’s Harsh Assessment of Bankers, Economists, and the Fed Housing Woes Hit Affluent Middle-Class Homeowners UBS CDS Lawsuit: Harbinger of Things to Come? The Opinionator: Enraged and ‘Confused’ Alt-A Borrowers Looking More Like
Warren goes to Germany
Warren Buffett is in Germany looking for large acquisitions of German companies. He’s been forced to go global as his size and the US’s competitive position has limited his options in the US. I caught a German-language article from Der Spiegel regarding his activities in Germany. While the article wasn’t particularly revealing, it did quote
The Fed is on the easy money trip
Caroline Baum was asking in her column today: “How can a 2 percent funds rate be appropriately calibrated to promote moderating inflation when inflation is currently rising at almost 4 percent?” The answer: it can’t. The Fed is all about easy money. Look, we have a huge debt problem in this country. Have you seen
Soros calls credit crisis the worst since ’29
George Soros claims that we are experiencing the most wrenching times in our financial system since the Great Depression. One has to be either appreciative of his advice or envious of his wealth. He made $3 billion in 2007 as a hedge fund manager while the debacle unfolded. “We are in the midst of the