It's no longer a question of time, it is merely a question of employment. Although Bernanke denies that employment is the more important aspect of the dual mandate it is clear from the price of oil and food that price stability is not even a fragment of his objective. I have seen no correlation between QE and employment. In fact his threat of 6.5% is a signal to companies that the free money will stop flowing if you hire more so it is a logical fallacy to think giving companies money will lead to hiring. Trickle down never works.
Greed please re-read my question. I agree that that Lakcer is more hawkish even though I think anyone willing to print ever has a flawed methodology. But my question is why do you think Lakcer will be chosen at all. Given the current state of affaird I think a dovish person will replace Bernanke, thus not changing the status quo. That is why i suggested Yellen, Dudley, and Hubbard.
Why Lacker when he is usually a voice of dissent.. I would think more likely Dudley, Yellen, or even Hubbard? Like your article but please go into more detail on why you think we will shift to a more hawkish Chairman.
As Rates Go Up Over Time, So Will Bank Of New York Mellon's Stock [View article]
In response to the master, QE pushes interest rates up despite its supposed purpose. check this out.. http://bit.ly/OeAaWy In response to the author.. i stopped reading when you said other banks are undervalued. BK is fairly conservative but other banks? The reason why banks like JPM, GS, etc trade at .5 book value is because no one in the world knows what the heck is on their books? Not even they do ahem see Jamie Dimon cerca May 2012.
Salesforce.com Still Climbing The Wall Of Worry [View article]
Worst article ever, it's not climbing the wall of worry at all. It is only elevated due to risk on piling into momo stocks from QE3 and other forms of easing. The bottom line with this stock and other crap momos is that the market can stay irrational for quite some time. This business is a scheme, they generate higher revenues but lose money. They do terribly on a GAAP basis quarter after quarter. Please do your due diligence before you post articles that could lose people money
More Reasons To Buy Bank Of America Shares Now [View article]
yeah i think buying without more clarity on ECB/Fed bond purchases would be a bad move. Financials will move a lot in the next few weeks... That being said Bofa is probably to big to fail which is like the best thing it has going for it. But seriusly RS i work at a bank, don't give me this 60% to book value crap. If you can tell me 1 thing about the dozens of trillions of complex derivatives that make up the balance sheet on any bank than you are super human. Book value is meaningless when the true value is unknowable
Is the author trolling or joking? Piling debt on more debt for a measly sub 2% growth is not a recovery. I'm hoping this was a joke.. also stocks up 20% has no connection to economic reality.
Bernanke may not deliver tomorrow, says Bill Gross, but further QE is coming "relatively soon." Don't expect much reaction though, he contends, as even The Chairman recognizes each new bout of stimulus brings smaller and smaller benefit. Gross (BOND) is a major holder of MBS, which presumably would be the target of the next round of asset purchases. [View news story]
An Important Look At An Economist's Research On The Negative Effects Of QE [View article]
good article but please don't spew the nonsense at the end that GLD is a hard asset. it is paper and just as meaningless as fiat. the right to some rehypothecated gold is not gold.
Short Interest Observations [View article]
Why QE4 Will Fail [View article]
Why QE4 Will Fail [View article]
Why QE4 Will Fail [View article]
Banking Massive Pandora Gains, Getting Aggressive With Lululemon [View article]
As Rates Go Up Over Time, So Will Bank Of New York Mellon's Stock [View article]
As Rates Go Up Over Time, So Will Bank Of New York Mellon's Stock [View article]
http://bit.ly/OeAaWy
In response to the author.. i stopped reading when you said other banks are undervalued. BK is fairly conservative but other banks? The reason why banks like JPM, GS, etc trade at .5 book value is because no one in the world knows what the heck is on their books? Not even they do ahem see Jamie Dimon cerca May 2012.
Salesforce.com Still Climbing The Wall Of Worry [View article]
Friday: QE Fever Turns To QE Forever! [View article]
Why QE3 Will Not Happen [View article]
More Reasons To Buy Bank Of America Shares Now [View article]
The Recovery Is Here [View article]
Bernanke may not deliver tomorrow, says Bill Gross, but further QE is coming "relatively soon." Don't expect much reaction though, he contends, as even The Chairman recognizes each new bout of stimulus brings smaller and smaller benefit. Gross (BOND) is a major holder of MBS, which presumably would be the target of the next round of asset purchases. [View news story]
An Important Look At An Economist's Research On The Negative Effects Of QE [View article]
The Natural Gas 'Ponzi Scheme' [View article]