blogs.wsj.com - 3/18/2009
—
This is a huge step forward , which we have thought inevitable for some time but did not expect to see in the statement today
The point here is to drive new marginal capital flows out of Treasurys, by making them relatively unattractive, and into riskier assets. We aren’t sure $300 billion is ...
Comments
Blog Reactions
Lower Mortgage Rates as Economic Stimulus
Calculated Risk —
... an interesting point: "The Fed’s announcement signals a clear intent to continue to drive mortgage rates lower and we expect them to meet this objective. ... In 2008, the average mortgage rate on the outstanding stock of loans was about 6.50%. So, if the Fed brings 30-yr fixed rate mortgages down to 4.50% and all homeowners are able refi, the aggregate permanent cash flow savings would be on the order of $200 billion per year." David Greenlaw, Morgan Stanley, WSJ Real Time Economics March 18, 2009 According to the BEA, the effective ...
A Sense of Perspective About AIG
Matthew Yglesias —
... News of Bernanke’s “money from helicopters” maneuver is below the fold on the Wall Street Journal’s front page (though they do have a good roundup of expert reactions elsewhere on the site). Same goes for The Washington Post. Everyone, however, has continuing, above-the-fold coverage of AIG’s bonuses, which are about one-ten thousandth monetary value of the Fed’s move. ...
Related Content
A New Way Forward
anewwayforward.org 3/17/2009 — Plan an Action in Your City To stop the banks, Americans are planning creative actions all over the country for April 11. Help them out. Actions are announced in: Phoenix , AZ at AIG Building, 24th Street and Camelback Road Discuss / GO Sacramento , ...
Something To Look Forward To
rhymeswithright.mu.nu 4/9/2009 — For those of us who grew up in the 1960s and 1970s, the Beatles will always have a special place in our hearts. Even if there are other groups that may hold a higher place in our hearts, their music...
A
New Way Forward
anewwayforward.org 3/24/2009 — NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. (see Krugman on nationalization ) REORGANIZE: Current CEOs and board members must be ...
Lowry: The Obama Three-Step
article.nationalreview.com 3/16/2009 — EDITOR'S NOTE: This column is available exclusively through King Features Syndicate. For permission to reprint or excerpt this copyrighted material, please contact: kfsreprint@hearstsc.com , or phone 800-708-7311, ext 246. B arack Obama has perfected ...
Forward to the Past
commentarymagazine.com 2/24/2009 — Here’s something interesting that leaked out from our skeptical press. An AP story by Jennifer Loven, about how the president’s address went — five and a half hours before it happened:
Standing before a nation on an economic ...
Iowa takes a giant step forward for civil rights; makes Oregon look bad
blueoregon.com 4/3/2009 — In a unanimous ruling, the Iowa Supreme Court has held that marriage is not limited to "a man and a woman":
The decision makes Iowa the first Midwestern state, and the fourth nationwide, to allow same-sex marriages. Lawyers for Lambda Legal, a gay rights group that financed the court battle ...
At Magazines, It's 2.0 Steps Forward, 1.0 Step Back
observer.com 12/17/2008 — Soon after Lehman Brothers fell, and New York business writers found themselves smack in the middle of the biggest story of their careers, Fortune ’s managing editor, Andy Serwer, convened a staff meeting on the second floor of their Sixth Avenue ...
Step up!
mudvillegazette.com 2/4/2009 — Setting the Iraqi police straight and telling it like it is:
Follow BeltwayBlips on Twitter
