February Low Economic Content Thread
02-03-2010
, 10:59 PM
02-04-2010
, 04:09 PM
02-04-2010
, 06:32 PM
02-04-2010
, 09:00 PM
02-05-2010
, 09:48 PM
This guy:
Says I'm still partying at 33 Liberty street!!!
NYFRB Press Release: Jamie Dimon and Jeffrey B. Kindler Reelected New York Fed Directors
============
Yup, don't mess with the BIG DOG, especially one with a hand on the "printing press." Is it really any wonder how he "slaughters" everybody else?
Says I'm still partying at 33 Liberty street!!!
NYFRB Press Release: Jamie Dimon and Jeffrey B. Kindler Reelected New York Fed Directors
Quote:
February 5, 2010 NEW YORK—Jamie Dimon, chairman, president and chief executive officer of JPMorgan Chase, has been reelected a Class A director and Jeffrey B. Kindler, chairman and chief executive officer of Pfizer, has been reelected a Class B director of the Federal Reserve Bank of New York. Mr. Dimon has been serving as a Class A director since January 2007 and Mr. Kindler has been serving as a Class B director since October 2009. Mr. Dimon and Mr. Kindler will be serving new three-year terms ending December 2012.
Mr. Dimon became JPMorgan Chase’s chairman of the board in January 2007, following his appointment as chief executive officer on January 2006. He also assumed the title of president upon the company’s merger with Bank One Corporation in July 2004.
...
The board of directors of the Federal Reserve Bank of New York consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve Systems as class C directors. The remaining six (three class A and three class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from among the banking community. Class B & C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.
Mr. Dimon became JPMorgan Chase’s chairman of the board in January 2007, following his appointment as chief executive officer on January 2006. He also assumed the title of president upon the company’s merger with Bank One Corporation in July 2004.
...
The board of directors of the Federal Reserve Bank of New York consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve Systems as class C directors. The remaining six (three class A and three class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from among the banking community. Class B & C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.
Yup, don't mess with the BIG DOG, especially one with a hand on the "printing press." Is it really any wonder how he "slaughters" everybody else?
02-05-2010
, 10:19 PM
02-06-2010
, 05:30 AM
Via Jesse- CFR with an LDO
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If you don't know why even CFR talking about this is something here is sorta what the naysayers say about CFR:
http://en.wikipedia.org/wiki/Council...ns#Controversy
As you can probably guess CFR was/is a pumper of the "OMG China saved too much" casual explanation.
Quote:
"The Federal Reserve plans to stop buying securities issued by government housing loan agencies Fannie Mae and Freddie Mac by the end of the first quarter.
This is not only likely to push up mortgage rates; Treasury rates should rise as well. Throughout 2009, the private sector sold a portion of their agency holdings to the Fed and used those funds to buy Treasurys.
Once the Fed’s agency purchases stop, this private sector portfolio shift will end, removing a major source of demand in the Treasury market.
As the chart shows, since the start of 2009 the Fed has bought or financed the entire increase in Treasury issuance. As Fed purchases slow and Treasury issuance continues at a high level, interest rates will have to move up to attract new buyers."
This is not only likely to push up mortgage rates; Treasury rates should rise as well. Throughout 2009, the private sector sold a portion of their agency holdings to the Fed and used those funds to buy Treasurys.
Once the Fed’s agency purchases stop, this private sector portfolio shift will end, removing a major source of demand in the Treasury market.
As the chart shows, since the start of 2009 the Fed has bought or financed the entire increase in Treasury issuance. As Fed purchases slow and Treasury issuance continues at a high level, interest rates will have to move up to attract new buyers."
If you don't know why even CFR talking about this is something here is sorta what the naysayers say about CFR:
Quote:
Controversy
The Council has been the subject of debate, as shown in the 1969 film The Capitalist Conspiracy by G. Edward Griffin, the 2006 film by Aaron Russo, America: Freedom to Fascism and a 2007 documentary Zeitgeist, the Movie.
This is partly due to the number of high-ranking government officials in its membership, along with world business leaders, its secrecy clauses, and the large number of aspects of American foreign policy that its members have been involved with, beginning with Wilson's Fourteen Points. Wilson's Fourteen Points speech was the first in which he suggested a worldwide security organization to prevent future world wars.[6]
The John Birch Society believes that the CFR is "[g]uilty of conspiring with others to build a one world government...".[30]
Historian Carroll Quigley, who was the official historian for the CFR, "became well known among those who believe that there is an international conspiracy to bring about a one-world government. In his book Tragedy and Hope, he based his analysis on his research in the papers of an Anglo-American elite organization that, he held, secretly controlled the U.S. and UK governments through a series of Round Table Groups. The Round Table group in the United States was the Council on Foreign Relations. ... Conspiracy theorists assailed Quigley for his approval of the goals (not the tactics) of the Anglo-American elite while selectively using his information and analysis as evidence for their views."[31]
The Council has been the subject of debate, as shown in the 1969 film The Capitalist Conspiracy by G. Edward Griffin, the 2006 film by Aaron Russo, America: Freedom to Fascism and a 2007 documentary Zeitgeist, the Movie.
This is partly due to the number of high-ranking government officials in its membership, along with world business leaders, its secrecy clauses, and the large number of aspects of American foreign policy that its members have been involved with, beginning with Wilson's Fourteen Points. Wilson's Fourteen Points speech was the first in which he suggested a worldwide security organization to prevent future world wars.[6]
The John Birch Society believes that the CFR is "[g]uilty of conspiring with others to build a one world government...".[30]
Historian Carroll Quigley, who was the official historian for the CFR, "became well known among those who believe that there is an international conspiracy to bring about a one-world government. In his book Tragedy and Hope, he based his analysis on his research in the papers of an Anglo-American elite organization that, he held, secretly controlled the U.S. and UK governments through a series of Round Table Groups. The Round Table group in the United States was the Council on Foreign Relations. ... Conspiracy theorists assailed Quigley for his approval of the goals (not the tactics) of the Anglo-American elite while selectively using his information and analysis as evidence for their views."[31]
As you can probably guess CFR was/is a pumper of the "OMG China saved too much" casual explanation.
02-06-2010
, 03:10 PM
02-06-2010
, 03:19 PM
02-07-2010
, 12:39 PM
02-07-2010
, 01:17 PM
02-07-2010
, 02:54 PM
02-08-2010
, 02:18 PM
02-08-2010
, 02:35 PM
02-09-2010
, 10:22 AM
02-09-2010
, 02:39 PM
02-09-2010
, 10:39 PM
02-11-2010
, 12:49 AM