Clik here to view.
Notes From Underground: No Surprises From Bernanke but Trichet and Lagarde...
The Fed Chairman’s remarks at Jackson Hole left those hoping for QE3 disappointed. The Wall Street crowd who have grown addicted to the “Greenspan Put” and its help in sustaining the BULL in equities...
View ArticleClik here to view.
Notes From Underground: FOMC MINUTES … Is This a Balance Sheet Recession?
The August 9 FOMC minutes from were released today and there was a great deal of discussion about the issue of leaving rates at the present level for the next two years. It seems that one of the...
View ArticleClik here to view.
Notes From Underground: Did I miss anything while I was away???
The unemployment report on Friday was much weaker than expected as zero net jobs were created. More disheartening was that average hourly earnings produced a negative number, which failed to confirm...
View ArticleClik here to view.
Notes From Underground: Marco Polo returns to Italy, Bringing Chinese Riches
Well, the media was running wild in the last hour of U.S. equity trading with a rumor of the Chinese offering to purchase Italian bondsx. Every time the Euro debt crisis comes to a full boil, rumors...
View ArticleClik here to view.
Notes From Underground: Cramer, The Running Dog of the Governing Classes
The potential for a big market-moving story was in the works but the usually aggressive, boisterous Jim Cramer, in his interview with Treasury Secretary Timothy Geithner, resembled a tea party at an...
View ArticleClik here to view.
Notes From Underground: The European Union KICKS GEITHNER’S CAN DOWN THE ROAD
Friday and Saturday were the days that U.S. Treasury Secretary Geithner was in Poland sitting in on an ECOFIN meeting to try to persuade the financial policy makers of the EU to come to some type of...
View ArticleClik here to view.
Notes From Underground: Six little words …“IN A CONTEXT OF PRICE STABILITY”
In Monday’s New York Times there is an op-ed piece by the GREATEST CENTRAL BANKER, Paul Volcker. It seems that the man who was shuffled aside by the Obama administration found a rather curious time to...
View ArticleClik here to view.
Notes From Underground: Awaiting the FOMC
The media has made the idea of a TWIST by the FED a sure thing. Okay, can’t argue with consensus, but of course that is why this blog exists: To question the thought process of the purveyors of...
View ArticleClik here to view.
Notes From Underground: Economy to Ben Bernanke … It’s Not You, It’s Me
THERE WAS CERTAINLY NO SURPRISE FROM THE FED TODAY EXCEPT THAT THE FOMC STRESSED THAT THERE ARE SIGNIFICANT DOWNSIDE RISKS TO THE ECONOMY. It appears that this phrase caused the markets to sell...
View ArticleClik here to view.
Notes From Underground: OBAMA GIVES THE FINGER TO MAIN STREET AND OWS
The news during the last five days has been sparse as the regular year-end news items filter through the talking heads giving prediction after prediction about what will occur next year. Everything...
View ArticleNotes From Underground: No Surprises From Bernanke but Trichet and Lagarde...
The Fed Chairman’s remarks at Jackson Hole left those hoping for QE3 disappointed. The Wall Street crowd who have grown addicted to the “Greenspan Put” and its help in sustaining the BULL in equities...
View ArticleNotes From Underground: FOMC MINUTES … Is This a Balance Sheet Recession?
The August 9 FOMC minutes from were released today and there was a great deal of discussion about the issue of leaving rates at the present level for the next two years. It seems that one of the...
View ArticleNotes From Underground: Did I miss anything while I was away???
The unemployment report on Friday was much weaker than expected as zero net jobs were created. More disheartening was that average hourly earnings produced a negative number, which failed to confirm...
View ArticleNotes From Underground: Marco Polo returns to Italy, Bringing Chinese Riches
Well, the media was running wild in the last hour of U.S. equity trading with a rumor of the Chinese offering to purchase Italian bondsx. Every time the Euro debt crisis comes to a full boil, rumors...
View ArticleNotes From Underground: Cramer, The Running Dog of the Governing Classes
The potential for a big market-moving story was in the works but the usually aggressive, boisterous Jim Cramer, in his interview with Treasury Secretary Timothy Geithner, resembled a tea party at an...
View ArticleNotes From Underground: The European Union KICKS GEITHNER’S CAN DOWN THE ROAD
Friday and Saturday were the days that U.S. Treasury Secretary Geithner was in Poland sitting in on an ECOFIN meeting to try to persuade the financial policy makers of the EU to come to some type of...
View ArticleNotes From Underground: Six little words …“IN A CONTEXT OF PRICE STABILITY”
In Monday’s New York Times there is an op-ed piece by the GREATEST CENTRAL BANKER, Paul Volcker. It seems that the man who was shuffled aside by the Obama administration found a rather curious time to...
View ArticleNotes From Underground: Awaiting the FOMC
The media has made the idea of a TWIST by the FED a sure thing. Okay, can’t argue with consensus, but of course that is why this blog exists: To question the thought process of the purveyors of...
View ArticleNotes From Underground: Economy to Ben Bernanke … It’s Not You, It’s Me
THERE WAS CERTAINLY NO SURPRISE FROM THE FED TODAY EXCEPT THAT THE FOMC STRESSED THAT THERE ARE SIGNIFICANT DOWNSIDE RISKS TO THE ECONOMY. It appears that this phrase caused the markets to sell...
View ArticleNotes From Underground: OBAMA GIVES THE FINGER TO MAIN STREET AND OWS
The news during the last five days has been sparse as the regular year-end news items filter through the talking heads giving prediction after prediction about what will occur next year. Everything...
View Article
