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Recent Posts
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Category Archives: Monetary Policy
Who’s Funding the U.S. Budget Deficit?
Interesting data showing who is funding the U.S. budget deficit and how the profile has changed since the financial crisis. We excluded 2008 as the aggregate data was distorted due to the Federal Reserve’s $265 BN sale (or exchange?) of … Continue reading
Posted in Bonds, Budget Deficit, Charts, Fiscal Policy, Monetary Policy, Sovereign Debt
Tagged Buyers of Tresuries, Federal Reserve, U.S. Budget Deficit
1 Comment
“A money-financed tax cut is…[a] ‘helicopter drop’ of money”
Wow! Sounds a lot like what the President and Congress just negotiated, no? Tax cuts financed by QE2 and a possible QE3? Break out the Apaches! Here is the excerpt from his famous helicopter speech, given at the National Economist … Continue reading
Shanghai Watch
We’re are watching to see if the Shanghai Composite can hold its 200-day moving average right around 2,800. There is widespread speculation the People’s Bank of China will raise interest rates this weekend for the second time in the tightening … Continue reading
Posted in China, Commodities, Crude Oil, Equities, Monetary Policy
Tagged China, China Interest Rate Hike, Equities, Shanghai Composite
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Jon Stewart Catches Bernanke “Printing Money”
Hillarious video of Jon Stewart’s take down of Ben Bernanke’s 6o Minutes interview this past Sunday. Stewart referenced a 60 minutes interview in June 2009 where Chairman Bernanke said what the Fed was doing was “much more akin to printing … Continue reading
Posted in Monetary Policy, Video
Tagged 60 Miinutes, Ben Bernanke, Jon Stewart, printing money
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China Rate Hike This Weekend?
The China Securities Journal, not citing a source, says the timing is right for a rate hike this weekend. It would be the second of the current tightening cycle. Reuters reports, “With reference to the central bank’s record of … Continue reading
Posted in China, Commodities, Crude Oil, Equities, Gold, Monetary Policy
Tagged China, Copper, Crude Oil, Interest rate, Shanghai Composite
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Reserve Bank of Australia Monetary Policy Decision
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Since the previous Board meeting, concerns about the creditworthiness of a number of European governments have … Continue reading
Chart of the Day: ECB Bond Purchases
They’ve only just begun…
IMF – U.S. monetary policy drives global stock prices
A recently published paper by the International Monetary Fund (IMF) found that U.S. monetary policy shocks drive global stock market prices. (click here for paper) The International Business Times sums up the study, When the Fed tightens (loosens) monetary policy, … Continue reading
Posted in Equities, Monetary Policy
Tagged Equities, Federal Reserve, IMF, Monetary Policy
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Bernanke’s 60 Minutes Interview
In case you missed it.
Posted in Monetary Policy, Video
Tagged Ben Bernanke, Bernake on 60 Minutes, Federal Reserve, Monetary Policy
1 Comment
Global Central Bank Watch
This Week Reserve Bank of Australia; Bank of Canada; Reserve Bank of New Zealand; Bank of England. Past Week: Rate Hikes – Pakistan +50bps; Hungary +25bps; Thailand +25bps; Other – Brazil increased the reserve requirements on term deposits to 20% … Continue reading
Global Macro Monitor 