June 2008 FOMC Minutes: Discrepancies Of Fed Opinion Rising
If you love to review the totality and formal minutes you can see the full release of the JUNE FOMC MINUTES for the meeting adjourned on June 25. Here are some of our own…
Economy
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Newest first · Page 408Taking The “Stag” Out of Stagflation
The Labor Department said that the Consumer Price Index rose 1.1% last month. Energy alone was up 6.6%. Both figures were higher than what Wall St. expected. Inflation is here to stay. Energy and…
Inflation In UK Spikes Up, US Likely To Look The Same
Inflation in the UK hit an annual rate of 3.8% and the price of the equivalent of a gallong of gas hit $8.50. According to the AP, "Inflation in Britain hit a higher-than-expected 3.8…
Stocks Crash, But Still Aren’t Cheap. So Steady As She Goes
From Clusterstock: The DOW dipped below 11,000 this morning for the first time in two years. Worse, the stock market has now been flat for the better part of a decade. Normally, long-term investors…
IMF Does Not Like Economy’s Chances
The IMF seems to think that the global economy is going to go badly this year and worse next. According to Reuters, "With sky-high food and oil prices adding to the economic pain caused…
Doubting Thomas Review Of “In-Line” Jobs Data
If you look at today’s jobless numbers and loss of jobs, it really looks OK on the surface. The numbers are close enough when you consider how the calculations (which we are expected to…
With Concerns Of A GM (GM) Bankruptcy, Can AMR Be Far Behind?
The distance from Detroit to Dallas is about 1,200 miles, but the two towns might as well be twin cities. Yesterday, a prediction that GM (GM) could go bankrupt set off panic among the…
A Billionaire’s Consensus On A Deep Recession
Eli Broad, one of the richest men in the world, says the current economy is the worst he has seen in his lifetime, the worst since WWII. According to Bloomberg, he also says a…
Bank for International Settlements Paints Bleak Picture
No one hears much about the Bank for International Settlements but It deals with central banks worldwide and probably has as good a fix on the global economy as any single entity. There is…
A Plan To Save The Stock Market (GE)(MSFT)
If the stock market crashes, it could bite a number of parts of the economy, and bite them hard. There are several things that Congress could do to help the situation, although the government…
FOMC’s Coin Toss
Today we saw the FOMC decision on rates, but the focus was more on the statements and wording than the unchanged Fed Funds Rate of 2.00% and a Discount Rate of 2.25%. Downside risks…
Greenspan, Out Of Touch With Reality, Prattles On
Now that Alan Greenspan has returned from his book tour, he spends his days at the race track. His family pins a note on his shirt so that the other patrons know where to…
As Inflation Rises, Productivity Moves In To Save Economy
The market took the UPS (UPS) news hard. High fuel prices and slowing customer demand made the company cut its earnings forecasts, just as rival Fedex (FDX) did a week ago. According to MarketWatch:…
The Fed: Raising Rates To Make The Consumer Feel Better
The Fed could raise rates to make the consumer feel better. Lowering rates has not helped him. As the agency has cut interest rates to moderate the credit crisis, banks and brokerages have been…
Raising Rates At The Fed, Bernanke’s Limo
"We have nothing to fear but fear itself."–FDR The Fed can now fear inflation or it can fear a worsening credit crisis. The conventional wisdom is that it can only fix one. As things…