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Posts Tagged ‘what is quantitative easing’

The Hidden Costs of Quantitative Easing or “As An Actuary You Are Having Sleepless Nights”

Posted by Larry Doyle on October 6th, 2010 9:03 AM |

When central banks hint at implementing further quantitative easing and risk-based assets (commodities and equities) rally and interest rates fall (meaning, bonds rally as well), this is all good, right? If that is the case, is it even better when the hints become an outright statement of plans for more quantitative easing as was the case yesterday with The Bank of Japan? (WSJ: Central Banks Open Spigot; October, 4, 2010)

Clearly, the global central banks are launching these new volleys of quantitative easing in an attempt to forestall deflationary pressures at work underlying our global economy. That said, while asset markets are rising, we need to be aware there are very real costs to this ongoing financial experiment. What are the costs? (more…)

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Posted in General, quantitative easing | 5 Comments »

Do Not Wait to Refinance

Posted by Larry Doyle on April 1st, 2010 11:30 AM |

If you are in a position to refinance your mortgage, I would not wait. Why?

The largest buy program in the history of the U.S. mortgage market just ended yesterday. That program, part of the Federal Reserve’s quantitative easing, purchased $1.25 trillion in mortgage-backed securities. In the process, the Fed brought mortgage rates down somewhere in the vicinity of .50% to a full 1% from where they would likely otherwise be. (more…)

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Posted in General, Mortgages, refinancing | 1 Comment »

Larry Doyle

Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.







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