Twenty-two year veteran CNBC anchor Mark Haines died unexpectedly Tuesday night at age 65. He will be truly missed. Haines was a legend in broadcasting for his no-BS reporting and interviewing, and a seminal figure in making financial news palatable for the masses. My favorite Haines legacy is the Briefcase Indicator, a segment he’d do [...]
Posts Tagged ‘Alan Greenspan’
Maestro Madness: Greenspan Blamers Delight In This Greedscam Infographic
Saw this infographic on TheReformedBroker, it’s originally from MortgageRates. A bit of a stretch in its accusations but some of the quotes do justifiably incite Maestro madness. Click image for large size.
WeeklyBasis 6/19/10: Primer On Fed Rate Strategy Before June 23 FOMC Meeting
Rate Snapshot It’s quite surprising that rate volatility has been minimal for three weeks. As such, zero-point rates on 30yr fixed Conforming loans (up to $729k) held last week near record lows for a third straight week, and one-point rates on Jumbo loans (above $729k) remain steady in the low- to mid-5% range. Rates for [...]
Bernanke vs Greenspan, Factory Data Flat, Bond Traders Take Profits, Productivity Up
GM filed for bankruptcy a few days ago. A buddy told me, “This would be bad news if anyone had actually bought a GM car in the last five years. They say that the company will emerge from bankruptcy in three years or 36,000 miles, whichever comes first.” There are some witty folks out there. [...]
PIMCO’s Bill Gross Does Q&A on Crisis, Solutions
In his March Investment Outlook, Bill Gross head of PIMCO, the world’s largest bond manager, does a mock Q&A as though he was testifying before Congress about the financial crisis, its origins, how long it will last, what needs to be done with the banks, and where people should invest their money. Required reading. Below [...]
Financial Regulation From Clinton to Bush to Obama
In the midst of a crisis, there’s rarely time to question what caused the crisis. But it’s useful to know who helped get markets to where they are so we can avoid mistakes as we get through the triage and begin formulating policy solutions. Below are two stories that discuss a key player in the [...]
Alan Greenspan: This is the Worst Economy I’ve Ever Seen
Former Fed Chairman and one of the world’s most seasoned economists said that this is the by far the worst economy he’s ever seen. Click link for full report and see video below. Greenspan says that this economy will not rebound until home prices start to stabilize: var config = new Array(); config["videoId"] = 1785366164; [...]
Greenspan: 60% Success Is ‘Doing Extraordinarily Well’
Former Fed Chairman Alan Greenspan has been out in full force this week defending his monetary policies amidst growing criticism that his decision to keep the Fed Funds Rate at 1% from July 1, 2003 through June 30, 2004. He wrote a rebuttal to critics in the Financial Times, and then did an interview with [...]
WeeklyBasis 03/03/08: New Fed Approach: Too Much Disclosure
Fixed and ARM rates rose .5% two weeks ago, dropped .5% last week, then rose about .25% today following an ISM Index number that showed February manufacturing activity better than expected. Rates also moved up on public comments from Philadelphia Fed President Charles Plosser, a voting member of the rate-setting Federal Open Market Committee. He [...]
Ben Bernanke Era: Best or Worst In History?
Since the credit crunch hit emergency status in August 2007, Ben Bernanke has been put to the test. But the exam is nowhere near over. So what type of Fed chairman are we dealing with? This extensive Bernanke profile ran in the New York Times magazine last Sunday, and it’s a great education on Bernanke [...]
