Category Archives: Federal Reserve

all news on treasury operations

Uncertainty, Liquidity Hoarding, and Financial Crises

Analysis from Liberty Street Economics Tanju Yorulmazer, Federal Reserve Bank of New York One of the most interesting phenomena marking the recent financial crisis was the disruptions in the interbank market, where banks borrow and lend reserves to each other. … Continue reading

Posted in Federal Reserve, money, money and banking | Tagged , , , , , , , | 1 Comment

Housing Smoke and Mirrors (5) – “Zombie Fed”

Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4), it was suggested that the bad eggs in the 2005 and 2009 Mortgage Vintages were hatching; and creating a growing systemic threat. Click to enlarge The Federal Reserve and … Continue reading

Posted in Federal Reserve, Home Sales and Home Prices, aa syndication, macroeconomics | Tagged , , , , , , , | Leave a comment

Payrolls Gain But QE Has No Impact On Growth Rate

by Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 165,000 in April nonfarm payrolls, beating the consensus estimates of 140,000 to 155,000 from surveys of economists by mainstream media organizations. Surprise, surprise (not) … Continue reading

Posted in Employment, Federal Reserve, GDP, Personal Income and Consumption, Taxation, macroeconomics | Tagged , , , , , , , , , | Leave a comment

Fed Mortgage Subsidy Drives Buying Panic In Existing Homes To Bubble Levels

by Lee Adler, Wall Street Examiner The NAR Pending Home Sales data for March is a measure of current sales as of the date of the contract. It’s the closest thing we have to a real time measure of sales … Continue reading

Posted in Federal Reserve, Home Sales and Home Prices, mortgages | Tagged , , , , , , , , , | 1 Comment

Everyone’s Missing the Bigger Picture in the Reinhart-Rogoff Debate

by Washington’s Blog, Washington’s Blog The “Excel Spreadsheet Error” in Context You’ve heard that an incredibly influential economic paper by Reinhart and Rogoff (RR) – widely used to justify austerity – has been “busted” for “excel spreadsheet errors” and other … Continue reading

Posted in Economics, Federal Reserve, Government, money | Tagged , , , , , , , , | 2 Comments

Terminal Velocity (6) Update – “Flying Blind, On Fumes, With No Pilot”

Written by Adam Whitehead, KeySignals.com In Terminal Velocity (4)[i], the possibility and conditions precedent for the “Helicopter” to land at Jackson Hole were discussed. The specific landing conditions were identified in Terminal Velocity (5). These conditions were observed as a … Continue reading

Posted in Economics, Federal Reserve, macroeconomics, money | Tagged , , , , , , , , , | Leave a comment

Does Unemployment Claims Data Indicate There Actually is Some Trickle Down?

Big Improvement in Unemployment Claims Suggests Fed Rigging May Be Trickling Out by Lee Adler, Wall Street Examiner The trend toward fewer initial unemployment claims showed signs of accelerating this week. If that were to continue it would mean that … Continue reading

Posted in Employment, Federal Reserve | Tagged , , , , , , , | 1 Comment

The Debt-Deposit Duality

The Debt-Deposit Duality. How Much Is the Federal Debt? $12 Trillion? $10 Trillion? $0? by Rodger Malcolm Mitchell, www.nofica.com Quantum mechanics is counter-intuitive, partly because of the wave-particle duality, which says that something can be both a wave and a … Continue reading

Posted in Federal Reserve, US Treasury, money | Tagged , , , , , | 5 Comments

Is the Federal Reserve Breeding the Next Financial Crisis?

by Ambrogio Cesa-Bianchi and Alessandro Rebucci This article was originally published in Voxeu.org Many economists think that the US Federal Reserve’s loose monetary stance in the 2000′s fueled the US housing bubble. Is the Fed thus responsible for the Global … Continue reading

Posted in Economics, Federal Reserve | Tagged , , , , , , , , , , | Leave a comment

Retail Sales Rebound in March after Weak January-February

by Lee Adler, Wall Street Examiner The headlines and mainstream media stories on retail sales were hysterical and misleading as usual, thanks again to screwy, fictitious seasonally adjusted data.  “Retail Sales in U.S. Dropped in March by Most in Nine … Continue reading

Posted in Economics, Federal Reserve, Government, Retail & Business Sales, US Treasury, macroeconomics, money | Tagged , , , , , , , | Leave a comment

Why Is Kenneth Rogoff Puzzled by Low Interest Rates?

by Dirk Ehnts, Econoblog101 In an article published at Project Syndicate, Harvard professor Kenneth Rogoff writes about the long mystery of low interest rates. Here is the main issue: A lot has changed since 2005. We had the financial crisis, … Continue reading

Posted in Banking News, Economics, Federal Reserve, macroeconomics, money | Tagged , , , , , | 1 Comment

Initial Claims are Still on Slowly Improving Trend

Jobless Claims Really Jump by 40,000 – Normal For This Week, But Means Fed Blowing Stock Bubble by Lee Adler, Wall Street Examiner The headline jobless claims number is wrong again this week. Last week the headline number was too … Continue reading

Posted in Employment, Federal Reserve | Tagged , , , , , , | Leave a comment

Ben Bernanke, the Rodney Dangerfield of Fed Chairmen

by Paul Kasriel, The Econtrarian First it was 2012 presidential candidate Rick Perry, who wanted to deal with Ben Bernanke’s money-printing “Texas style”. Then 2012 presidential candidate Mitt Romney indicated that Ben Bernanke had better have his personal effects packed … Continue reading

Posted in Federal Reserve, money | Tagged , , , , | Leave a comment

What’s Going to Happen to the Fed’s Balance Sheet?

by James D. Hamilton, Econbrowser.com Originally published at Econbrowser 17 March 2013. The Federal Reserve has increased its assets from $900 billion in 2007 to over $3,150 billion and still climbing today. On the liabilities side of the Fed’s balance … Continue reading

Posted in Federal Reserve, US Treasury, money | Tagged , , , , , | 2 Comments

Headline Claims Data Is Wrong But Actual Data Does Show Some Slowing

by Lee Adler, Wall Street Examiner The headline seasonally adjusted number for initial unemployment claims was more wrong than usual this week, showing a year to year increase of 17,000 when the actual data showed a year to year decline … Continue reading

Posted in Economics, Employment, Federal Reserve, GDP, Government | Tagged , , , , , , , | Leave a comment

Federal Spending Sequester Crushes Jobs

Biggest Jump in Unemployment For This Week Since 1996 by Lee Adler, Wall Street Examiner First time unemployment claims put on their worst performance for this week of March in the past 17 years. The Labor Department reported that the … Continue reading

Posted in Economics, Employment, Federal Reserve, Government, US Treasury, economic predictions, macroeconomics, money | Tagged , , , , , , | Leave a comment

Why Not a Quantitative Target for Quantitative Easing?

by Paul Kasriel, The Econtrarian When I should have been practicing my bass guitar in preparation for my band class Thursday evening, I, instead, watched the first few minutes of Federal Reserve Chairman Bernanke’s post-FOMC press conference. A number of … Continue reading

Posted in Economics, Federal Reserve, US Treasury, money | Tagged , , , , | 1 Comment

Fed “Earnings” and Treasury Remittances Are Collapsing! What Does It Mean?

by Lee Adler, Wall Street Examiner The Fed reported in January that it returned “profits” of $89 billion to US taxpayers in 2012 via its weekly remittances to the US Treasury. That was an average of $1.7 billion per week. … Continue reading

Posted in Federal Reserve, US Treasury | Tagged , , , , | Leave a comment

Initial Claims Drop 16,000 To Lowest Weekly Level Since 2007, Economists Miss Again

by Lee Adler, Wall Street Examiner Forget the headline numbers. As usual they are misleading. First time unemployment claims actually declined by 16,000 last week and are currently declining at a 5.7% annual rate, staying close to the average year … Continue reading

Posted in Employment, Federal Reserve | Tagged , , , , , | Leave a comment

Look at the Jobs Report to See How America Has Changed, and Continues to Change

by Fabius Maximus, FabiusMaximus.com Summary: The news media coverage has expanded during the past 20 years, but probably only giving more heat than light. Hence the frequent assertions during 2010-2011 (eg, seen in the comments on the FM website) that … Continue reading

Posted in Economics, Employment, Federal Reserve, GDP, Government, US Treasury, economic predictions | Tagged , , , , , | Leave a comment