CREDIT CRASH
Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation. I don't think we are anywhere near the situation that prevailed in the 1970s".
2 Comments
Add this link to...
Tell a friend
Bury
2 Comments
Add this link to...
Tell a friend
Bury
Credit crash is a social news site for the credit markets
Nothing surprising here, plenty more losses to come for financials....Ambac covers $556bn in municipal and asset-backed securities, hardly...I always check credit ratings before I make a decision...This won't tackle the lack of deals or reluctance of lenders to refinance...At least Bernanke was clear about what they believed - even if they're...Fed sees more risk to the downside BUT doesn't realize that there's enough...Writedowns are MORE than $18 billion. In the release they reveal U.S....Dont see how they were all owned by the "elites", anyway dont...
Comments
Fed sees more risk to the downside BUT doesn't realize that there's enough decoupling already in the system so that commodity prices etc will continue to rise. Add to that further upward pressures due to biofuel and core cpi will rise no matter how deep a recession we're in.
At least Bernanke was clear about what they believed - even if they're wrong.