September 21, 2011
Operation Twist 

                     .- . _
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     \     ::          `            ""--..__                                                . . . :  :  :
     `\   ::  :'         ` _ _              ""--..__                       ......_._._:.:.: " " " "  "  "
      `\.::  :'                " " " - ----.....___ ""-##.____...:::""""""""""""
       : :  :'                                     "::":"-----......______
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    `-._:__.-"     ""-.._        ""--...___..:'.   :
      .:               /.""-..__...---""-.'"-:"--.:_
                       "      :  BERNANKE ::""-."";.
                             :_         :     ::    ":: `-.
                             :::::.._   '-._ ::      ::    `.
                             : """:::::.._  "''-._  ::       :
                             :       "":::::.._   "':         :
                             `.           """:::::-:_         :
                               :.               """::::::...   :
                     ..__..--"" ".      .              """::::::
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                                   :    ""--.._             []'
                                   :          :""--..___..--"
                                   :          :
                                 ""--..__     :
                                         ""--.:_
                                                ""--..__.

(Source: ascii-art.de)

3:36pm  |   URL: http://tmblr.co/ZN9OVy9nA7Jl
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(Notes: 17)
  
Filed under: fed economics ascii art 
April 7, 2011
Fed Responds to Earth Quake with Printing Press

An opportunistic Fed POMO desk snapped up (that is, bought with fake money) $6.580bn worth of treasuries right as an earthquake hits Japan in an auction clearly designed to push down the JPYUSD.  The average POMO in 2011 is around $500mm.

The question is: did the earthquake cause the printing or the printing cause the earthquake? 

11:07am  |   URL: http://tmblr.co/ZN9OVy47GCfN
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(Notes: 7)
  
Filed under: fed economics japan earthquake pomo 
December 20, 2010
Debt monetization = bull market.

Debt monetization = bull market.

2:16pm  |   URL: http://tmblr.co/ZN9OVy2EWQ5y
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Filed under: fed economics amerika 
December 16, 2010
The virtuous cycle of state-controlled capitalism.

The virtuous cycle of state-controlled capitalism.

4:17pm  |   URL: http://tmblr.co/ZN9OVy2BTwUg
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Filed under: amerika economics bernanke fed 
November 15, 2010
Empire manufacturing index gets crushed.  Economists are optimistic people.

Empire manufacturing index gets crushed.  Economists are optimistic people.

9:03am  |   URL: http://tmblr.co/ZN9OVy1UGL-E
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Filed under: ny fed economics 
November 3, 2010
Imagine the surprise is the fed did something different with the rate.  Not a single of BBG’s 66 economists thinks it will change in either direction, and no one has thought so in the past year.

Imagine the surprise is the fed did something different with the rate.  Not a single of BBG’s 66 economists thinks it will change in either direction, and no one has thought so in the past year.

11:40am  |   URL: http://tmblr.co/ZN9OVy1Ni3i8
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Filed under: fed economics 
October 27, 2010
Night of the Living Fed

Great article from GMO on the bubble economy.

1:24pm  |   URL: http://tmblr.co/ZN9OVy1KQSxV
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Filed under: economics fed 
October 6, 2010
Dollar index down 71% (annualized) since Fed decision.  From helicopters, indeed.

Dollar index down 71% (annualized) since Fed decision.  From helicopters, indeed.

2:16pm  |   URL: http://tmblr.co/ZN9OVy1AwFYi
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(Notes: 1)
  
Filed under: bernanke fed dollar economics 
August 10, 2010
The Polidore Rule for the Federal Funds Rate

Using the Taylor Rule estimator in Bloomberg with the following inputs: 

  • Inflation alpha: 1
  • Target inflation rate: 0%
  • GDP alpha: 0

I’m trying to find the “natural” price of objective money and compare that to the Fed’s meddling over time.  This is based on my opinion that no benevolent ruler should be setting the price of money for a society as large as the United States.

Here are the results:

3:37pm  |   URL: http://tmblr.co/ZN9OVytdnRu
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(Notes: 1)
  
Filed under: economics fed 
May 6, 2010
Tim G is on hold with E-Trade tech support for a trade break.

Tim G is on hold with E-Trade tech support for a trade break.

3:03pm  |   URL: http://tmblr.co/ZN9OVyYO424
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Filed under: geitner fed trading markets 
January 22, 2010
2 Key Senators Oppose Second Term for Bernanke

For those of you hoping to see Bernanke go, let me remind you that his replacement will be nominated by none other than OBAMA!  Here is one strong candidate:

2:36pm  |   URL: http://tmblr.co/ZN9OVyKkZf6
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Filed under: obama fed bernanke 
November 22, 2009
Hilarious (via ZeroHedge)

Hilarious (via ZeroHedge)

6:57pm  |   URL: http://tmblr.co/ZN9OVyF7Qnt
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Filed under: amerika fed 
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