Tag Archives: Tyler Durden
Technical Notes for ‘The Untold Story’
This is an appendix for our earlier post, “Where $1 of QE Goes: The Untold Story.” We’ll describe our use of the Fed’s flow of funds data in more detail, in Q&A format.
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Tagged broker-dealers, depository institutions, flow of funds, interbank lending, QE, repo loans, Tyler Durden
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Where $1 of QE Goes: The Untold Story
“We don’t understand fully how large-scale asset purchase programs work to ease financial market conditions.” – New York Fed President Bill Dudley “I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a … Continue reading
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Tagged Bill Dudley, capital ratios, flow of funds, front running, large-scale asset purchase programs, net lending, quantitative easing, Richard Fisher, risk-weighted assets, Tyler Durden, wealth effect
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Is This What a Credit Bubble Looks Like?
There’s been some buzz recently about a pick-up in business lending. The six largest banks increased business loans at an average annual rate of 8.5% in the first quarter, according to a Wall Street Journal report last week. Other first … Continue reading
In 4 Short Weeks, the Administration Claims Private Sector Effectiveness
As we noted last month, President Obama sat down for an interview with Chuck Todd on November 7 and said: You know, one of the lessons — learned from this whole process on the website — is that probably the … Continue reading
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Tagged Andrew Welters, Bloomberg, CGI Federal, Chuck Todd, HHS, Jeffrey Zientz, Karen Sebelius, Keith Alexander, Michelle Obama, Monty Pelerin, Newsweek, Obamacare, QSSI, Sunlight Foundation, Toni Townes-Whitley, Tyler Durden, UnitedHealth, Washington Post
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Have Larry Summers and Paul Krugman Just Had Their Dimon/Dudley Moment?
With my kids getting older, I no longer get much chance to play “What’s wrong with this picture?” This is the game you’ll occasionally find on a children’s menu that’s based on a picture with, say, a guy holding an … Continue reading
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Tagged Alan Greenspan, Arnold Kling, Bill Dudley, financial regulation, full employment equilibrium, Jamie Dimon, Joseph Schumpeter, Keynesianism, Knut Wicksell, Larry Summers, Larry Summers speech, natural interest rate, Paul Krugman, Phillips curve, PSST, Tyler Durden, zero lower bound
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Obamacare’s Unintended Consequences: It’s Not Just a Technology Problem
Ron Suskind’s Pulitzer Prize-winning account of Barack Obama’s first two years in office, Confidence Men, tells the inside story of the wheeling and dealing that culminated in the Affordable Care Act (ACA). According to Suskind:
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Tagged ACA, Affordable Care Act, Beige Book, Confidence Men, exchanges fiasco, fiscal risks, Health and Human Services, HHS, hiring disincentives, insurance exchanges, Jon Stewart, Kathleen Sebelius, Massachusetts state health reform, Megan McArdle, Michael Cembalest, Obamacare's unintended consequences, Ron Suskind, Stewart-Sebelius interview, Sunlight Foundation, Tyler Durden
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One Pre-FOMC Link That Seems To Explain Everything
I was glad to hear Stanley Druckenmiller dismiss the relevance of Fed transparency in a CNBC interview last week. As I wrote in my last post, the hullabaloo over the Fed’s communications doesn’t rank high on my list of concerns. … Continue reading
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Tagged fed communications, Fed transparency, Stanley Druckenmiller, Tyler Durden, untaper, Vince Reinhart, Zero Hedge
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Confession Time: Money Printing Enthusiasts Should Admit the Obvious
Imagine a football coach who hasn’t caught onto the game’s complexities and continues to run the same play – call it a fullback dive – over and over. When I read calls for more monetary stimulus, I feel as though … Continue reading
