Showing posts with label ZIRP. Show all posts
Showing posts with label ZIRP. Show all posts
Friday, September 20, 2024

CNBC fact-checks Joe Biden, now that it doesn't matter

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 But the article name-checks Donald Trump five times because he's an opponent of Fed decisions. There's a whole movement out there ...
Friday, October 20, 2023

Vanguard's long term Treasury fund, started in 1986, set a new all time low price record yesterday: What a coincidence

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  VUSTX fell to $7.37 yesterday, October 19, 2023. Until the bond debacle of 2022, the lowest price ever was set way back in 1987, also on O...
Thursday, September 22, 2022

When interest rates effectively went to zero in 2009 and stayed there, no one could figure out where the inflation was going lol

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Wednesday, September 7, 2022

Laugh of the Day: EU inflation is knocking on the door of 10% but the ECB benchmark lending rate is set at 0%, expected puny hike by 0.75 points called a "jumbo"

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European Central Bank could unleash a jumbo rate hike as the economy slides toward recession  
Friday, July 15, 2022

CNBC story blames capitalism's law of supply and demand for inflation: 92 million millennials caused it, not Federal Reserve interference with interest rates and mortgages

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... too many people with too much money chasing too few goods  ... millennials are still making up the largest chunk of the homebuyer market...
Wednesday, June 29, 2022

Inflation in Europe is at record levels but its central banking fools are talking about paltry quarter and half-point increases to interest rates

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 There's ample room to hike because Europe's idiots lowered rates effectively to zero in the first place and kept them there for yea...
Monday, July 30, 2018

Mitch McConnell doesn't just look like a turtle, he moves like one, can't accomplish two important things at once

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Time to get someone younger in there.
Friday, August 22, 2014

Federal Reserve banks rob the people a minimum $400 billion annually through ZIRP, so far have paid just $125 billion in fines for financial crisis crimes

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Bank of America is a chief offender appearing in the lists. The latest fine against it, among others, is detailed here : "The B...
Sunday, August 17, 2014

Rex "The Nut" Nutting commits drive by shooting of American savers, misunderstands excess reserves

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The resident communist at MarketWatch weighs in  here : Sure, people need to keep some money handy to pay their bills and some folks might h...
Monday, June 30, 2014

Banks probably will need ZIRP until March 2015 to be fully recapitalized from the crisis

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In March 2013 Warren Sulmasy estimated that banks had lost $1 trillion in the crisis, and had recapitalized as little as $300 billion of tha...
Tuesday, June 24, 2014

The keys to corporate profits since the 2008 panic

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Layoffs and ZIRP and buybacks, oh my! Layoffs and ZIRP and buybacks, oh my!
Tuesday, December 31, 2013

John Crudele Of NY Post Still Not Really Sure What The Fed Has Been Trying To Do

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Here  in "Bernanke's rate ploy robs from middle class" John Crudele of The New York Post still can't seem to put two and t...
Monday, October 7, 2013

Best Summary Yet Explains Federal Reserve's Real Objective Behind ZIRP: To Fix The Banks (Not You)

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0.25% is the upper limit of the Fed Funds Target Range And there's still a LONG way to go. From Warren Sulmasy of Trinus Investment Part...
Wednesday, September 18, 2013

New Stock Market High Based On Nothing But ZI(R)P

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The total stock market makes another new high today on mere words from the Federal Reserve. So what does that have to do with fundamental an...

American Businesses Have Saved $2.8 Trillion In Last Four Years Due To ZIRP

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In the form of lower borrowing costs, according to this story from Bloomberg: America’s companies, from Apple Inc. (AAPL) to Verizon Communi...
Monday, July 29, 2013

Home Prices Still Too High: Nationally 24% Pay More Than Half Their Income On Housing

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Case Shiller Home Price Index @multpl.com Joel Kotkin reflects on the still expensive housing market here : Ownership levels continue to dro...
Sunday, June 23, 2013

What's Worse? Frequent Financial Panics Over Quickly, Or A Long Great Depression?

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Unfortunately, you won't read about the Federal Reserve's role in the run-up to the Great Depression from Roger Lowenstein's dis...
Friday, April 26, 2013

Big Deal: Debt To GDP Ratio Comes In At 105%

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The debt  as of 4/24/13 was $16.7943 trillion. GDP in the latest report was $16.0102 trillion. So the one divided by the other yields 1.05,...
Tuesday, October 9, 2012

Government Uses ZIRP To Help Itself, And Screw You

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Government interference with interest rates is punishing savers like never before, but allows the Feds to pay record low rates on the US Pub...
Friday, March 2, 2012

A Lovely Question: Why Is Interest Income, Perhaps 10 Percent of GDP in the Past, Trivial to Savers but Ever So Important to Banks?

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Jeffrey Snider wants to know, here : I think everyone understands that credit is vital to businesses, but they also intuitively understand t...