Following Obama’s job stimulus announcement Tuesday, Bloomberg just released a poll showing that Americans agree with the plan to create jobs through spending on public work and alternative energy initiatives. The poll also shows that Americans also want the deficit reduced, with two-thirds of respondents favor taxing the rich to do this. If only it [...]

Blomberg had a good piece over the weekend about differing strategies among global central banks. Specifically how will each region end accommodative rate policy? The crux is that central banks have to eventually unwind two things: rate cuts and asset purchases. The latter is what has driven rates down in the U.S. From just after [...]

This is a telling graphic from Bloomberg today. The government (via the Fed) is buying 28% of all mortgage bonds, as which we discuss often on this site, is the reason mortgage rates are so low in 2009. The Fed is also buying 10% of all Treasuries which helps keeps the broader rate complex (beyond [...]

Three months ago, I wrote an Open Letter to Dylan Ratigan with my case as to why he should stick with financial media after his departure from CNBC. At the time I laid out two options that seemed most probable for him:

Bloomberg just ran the following headline: Banks Grabbing TARP May Find Cash Comes With Long-Lasting Strings Attached.

Credit crisis losses hit $1 trillion with Morgan Stanley’s latest earnings report.

Liar’s Poker author Michael Lewis offers deep thoughts on your finance career:

MORTGAGE INDUSTRY ROUNDUP For any loan agents who admit, “I didn’t realize that verified employment wasn’t the same as verified income”, please contact an underwriter. I am waiting for someone to ask something like, “Can I get a stated income second behind my reverse mortgage, and use the income from my reverse mortgage for what [...]

During the past two days, March producer inflation (PPI) came in way above expectations at 1.1%, showing pricing pressure for manufacturing sectors, and March consumer inflation (CPI) came in right at the expected .3% mark. Excluding volatile food and energy costs, both numbers were in line with expectations. However, when food and energy sustain sharp [...]

Friday’s employment data, and how this information can move the market, reminds us that there are two basic measures of the job picture: weekly jobless claims and the first-Friday-of-every-month Unemployment data. (It wasn’t until the 1930′s that the government even calculated an unemployment rate.) The data collected is still surprisingly hard to collect, most respondents [...]