Peeking Under the TARP
Now a bill, but still no details. First take: it could have been worse, and it might work.
Now a bill, but still no details. First take: it could have been worse, and it might work.
The historic stock drop was more politically manufactured hysteria than reality.
With the Fed ultra-easy, there's no way the US is going down Japan's deflationary road.
After two weeks of congressional shock and awe, Treasury has no plan.
Irrelevant and inflationary. Markets need real money now, not "soon."
A recipe for speculative attack: even greater Treasury powers, and no short-selling ban.
Interest on reserves could either accelerate or prevent inflation -- it depends on how the Fed handles this powerful new tool.
After six months of destroying financial sector equity, Treasury gets it almost right.
Forward earnings are falling -- but stocks have already fallen far more.
Fear got us into recession, and fear is going to keep us from getting out of it.