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been busy. stick my head up long enough to say, "The hell with you Paul Volcker". Anyone can raise rates to almost 20%. Try other direction. |
it's been a busy week. wish i could tell mention everything that went on, but let's just say paulson redeemed himself, a little. |
We have a strong dollar policy. We have a strong dollar policy. Like Wal-mart employees at 7am, at the Fed we chant this every morning. |
So predictable. People loved us earlier this week, now Asia fell overnight and everyone thinks the TAF won't work. Fickle bastards. |
It's been great having Eliot Spitzer taking off some heat this week. If only a Governor could fall on his sword more regularly. |
Jim Rogers is up my ass again. Ban the Fed? Cmon. And replace it with what? Nothing? |
Pay no attention to the Fed chair behind the curtain. I should have been a magician! |
Busy day, saving the world from itself by herding central bank cats. A saintly man like me can never sleep. But squash league tonight! |
Negative yield on the 5-year TIPS has some saying that we've lost control of inflation. Wrong. People have gone mad for treasuries. Nuts. |
It's the question I get at parties: Will there be a surprise rate cut next week? Well, if I told you it wouldn't be a surprise, now would it |
Miserable day here in DC. Storms and rain. Ominous. Then again, I have the new version of SPSS. |
G-10 meetings Sunday/Monday in Basel. Never trust any group of economists that can't count: There are 11 countries in the G-10. |
Employment report awfully weak today. On the brighter side, we have all sorts of openings here at the Fed! http://snurl.com/217ot |
We're all huddled around the TV here in the boardroom watching these financial services CEOs. One of our interns has an idea for a game. |
I feel badly for Chuck Prince and his colleagues, but I'm sure glad it's not me this morning being beaten up in front of Henry Waxman. |
We need to come clean. We have a group here entirely in charge of spreading rumors. No rate cut people. Just larger auctions. Get over it. |
The Dow close today (12040.39) x100 felt like prime number to me. Spent good chunk of afternoon checking. Prime factors are 79 x 15,241. |
If someone doesn't muzzle The Hammer soon I'm going to take this to GWB. This is absurd. |
Marc Faber calls me a destroyer of value? Be serious. I had a predecessor, you know. |
By leaving rates unchanged today, the ECB is playing chicken with European economies. In the Fed pool I have 100 bps points by end of year. |