Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario

05-07-2009 • Michael Shedlock / Mish

The banks were insolvent and many still are. The Fed has thrown $trillions at this mess and the banks remain short of capital.

Poor Treasury Auction hits Wall Street: China missing?

05-07-2009 • reuters.com/

"The auction is big news because now it's showing that maybe the Chinese don't want our bonds. If the cost of capital for the United States becomes more expensive, then the recession is going to take that much longer to get out of,"

China fears bond crisis as it slam quantitative easing

05-07-2009 • Telegraph

"A policy mistake made by some major central bank may bring inflation risks to the whole world," said the People's Central Bank in its quarterly report. "As more and more economies are adopting unconventional monetary policies, su

Oh Ben Bernanke: How's That "Quantitative Easing" Working?

05-07-2009 • Market-ticker.denninger.net/

The $64,000 question now becomes whether Bernanke walks away from his announced "QE" program (instantly trashing the equity markets and sending the TNX up north of 5%), pretends that the market isn't giving him the finger...

Ben Bernanke to Ron Paul: “I will resist any attempt to dictate monetary policy.”

05-05-2009 • www.ronpaul.com

(VIDEO) Event: Congress’ Joint Economic Committee - Date: 5/5/2009 TRANSCRIPT: -- Ron Paul: Welcome, Chairman Bernanke.

As Investors Circle Ailing Banks, Fed Sets Limits

05-05-2009 • NY Times

But Mr. Flowers, whose investments in banks overseas have made him one of the richest men in America, has run into a major obstacle in the United States: the Federal Reserve, and its very notion of what a bank should be.

Gulf states moving toward ‘monetary union,’ unified currency

05-05-2009 • RawStory.com

Gulf countries moved a step closer to monetary union on Tuesday with a decision to base a planned future central bank in the Saudi capital Riyadh.

Andy Xie: "If China loses faith the dollar will collapse"

05-05-2009 • NakedCapitalism.com

And that logic, if it starts to take hold, in classic run on the bank fashion, could lead to a disorderly fall in the dollar. It isn't clear what the trigger might be, but Bob Shiller contends that sudden flights from markets don't necessaril

FDIC screws community banks

05-04-2009 • Scholars & Rogues

By requiring all banks, large and small, to pay a one time charge of 20 cents per $100 of deposits; this unbudgeted expense will cause some smaller banks to fail while larger banks, with the assistance of federal TARP funds, will survive.

Mish: Stupidity Squared

05-03-2009 • Michael Shedlock / Mish

The Fed and the Obama administration are playing a dangerous game. The Fed is going to print trillions of dollars to forestall deflation and try to re-ignite the economy. But for a variety of reasons, a real sustainable recovery may be a few years aw

US Treasury Bonds: A picture is worth a thousand words

05-02-2009 • immobilienblasen.blogspot.com/

Earth to Ben Bernanke. Earth to Ben.

Federal Reserve Is Said to Seek Capital for at Least Six Big Banks

04-29-2009 • Bloomberg.com

At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.

Mish: FDIC Woefully Underfunded; Problem Institutions Soar

04-23-2009 • Michael Shedlock / Mish

Reserves have plunged, no doubt on their way to negative territory as the number of problem institutions soars. Expect to see requests for more taxpayer bailouts as the FDIC well runs dry.

Jim Rogers 'I expect Currency Crises this Fall or Next'

04-22-2009 • YouTube.com

Pay close attention to what Jim Rogers has to say from the 8 1/2 minute mark...

HR 1207 Bill to Audit Federal Reserve up to 71 Co-Sponsors!

04-22-2009 • Thomas.gov via END THE FED e-mail

Please thank Trent Franks if you get the chance - he was the only Arizona Representative to co-sponsor this CRITICAL bill...

Zero Percent on Treasury Bills as China, Fed Converge

04-20-2009 • Bloomberg

Demand for bills is rising [to zero] again because investors including foreign central banks are snapping up the shortest- term US securities as the Federal Reserve buys Treasuries to drive down borrowing costs in a policy of so-called quantitative e

Dollar the Target: China seeks oversight of reserve currency issuers

04-20-2009 • MarketWatch.com

Wen did not specify the United States in his remarks at the Boao Forum for Asia in China's Hainan Province. But Chinese officials have recently expressed their concern about their country's investments in dollar-denominated assets.

The Bubble Boys: Greenspan and Bernanke Bring You - Deflation

04-14-2009 • Market-ticker.denninger.net

You and your predecessor blew a huge credit bubble. You either knew or should have known that this was a generational event. The chart below didn't happen over a day or two:

A Phone Call With The Federal Reserve

04-13-2009 • wikiprotest.com via Phx RP Message Board post

CALLER - Mr. Supinski, does my country own the Federal Reserve System? MR. SUPINSKI - We are an agency of the government. (snicker - Ed)

Old idea means 'Plenty' currency in Pittsboro

04-09-2009 •

"We are printing a currency of exchange, right, but as long as there's an agreed-upon value, it's legal," said Mary DeMare. "It's like bartering."

Fed says plan now to avert inflation

04-09-2009 • Reuters

The United States economy will skid more deeply into recession in coming months, Federal Reserve policy-makers warned, but it is time to start planning how to wind down spending to avert an inflationary surge.

Inside the Fed's Trillion-Dollar Decision: Crisis Outweighed Inflation Fears

04-09-2009 • Washington Post

Worries about a prolonged economic slump and a lack of progress in thawing frozen credit markets persuaded Federal Reserve leaders last month to inject more than a trillion dollars into the economy, according to meeting minutes released yesterday.

What if the world all used the same currency?

04-07-2009 • MSNBC

As the holder of some $2 trillion in dollar-denominated savings the Chinese government has reason to be concerned about the long-term strength of the dollar. One time-honored method of reducing large government debt is to inflate the currency

Treasuries Advance as Federal Reserve Prepares to Buy Tomorrow

04-06-2009 • Bloomberg

Treasuries rose, ending three days of losses, as the Federal Reserve prepared to buy government securities tomorrow for the second time this week to hold down borrowing costs.