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Posts Tagged ‘QE’

What Market Forces Are Driving Long Rates Higher?

Posted by Larry Doyle on June 24th, 2013 8:05 AM |

With global markets currently palpitating in a fashion all too similar to those living on the Bowery and beginning a withdrawal program, I think it is overly simplistic to say that Bernanke’s remarks alone are forcing ‘everybody out of the pool.’

What are the underlying forces at work in causing such a sharp move higher in long term rates the last 7 weeks?

While the rate on the 2 yr Treasury has moved higher by a not insignificant .2% during this time frame,  the 10 year rate has moved higher by close to a full percentage point. Let’s navigate .  .  . but before addressing the forces at work, how about a cautionary comment as a preface.  (more…)

What Did Bernanke Really Accomplish?

Posted by Larry Doyle on June 21st, 2013 8:23 AM |

How will the history books treat Ben Bernanke? Well, only time will tell.

Supporters will tout his integral role in saving the system.

Those who look less kindly on the Fed chair will denigrate him for: 1) his participatory role in allowing Wall Street to bring our economy to its knees, and 2) providing excess liquidity for the well positioned to take advantage of a newly defined rent-seeking economy while the rank and file American public struggle to keep their head above water.

Perhaps he is deserving of both a measure of praise and derision, but let’s take a harder look at what he really accomplished — or not — depending on how you might view things. (more…)

Making Sense of The Skyrocketing Cost of Gasoline

Posted by Larry Doyle on September 17th, 2012 7:33 AM |

I guess I could write this morning about the NYSE being fined by the SEC for facilitating front running. I could also offer more commentary on global banking institutions that now seem to realize a little thing called “reputation” actually matters. Perhaps I could offer insight on how the Fed’s recently announced “QE-infinity” is directed as a further bailout of the banks and the red-headed stepchildren commonly called Fannie and Freddie.

But let’s put those topics off for another time. Today, let’s address why your wallet is significantly lighter every time you go fill your vehicle’s tank.  (more…)






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