Bernanke

Hot Links: Nerds, Dorks, Geeks & Dweebs

Stuff I’m Reading this Morning… Global stocks, metals run out of steam overnight.  Copper’s the culprit.  (Bloomberg) My fave post of the week:  Kanye interrupts Bernanke.  Classic!  (LOLFed) Federal Reserve bonus watchdogs will be embedded at Wall Street firms and banks.  (Clusterstock) NYC unemployment now over 10%.  Party on, Wayne.  (Economix) IPO market, coming off…

Larry Summers' "To Do" List

Today, President Barack Obama announced his reappointment of Federal Reserve Chairman Benjamin Bernanke to another term.  Economic advisor Larry Summers, whom many had speculated would be Bernanke’s replacement, must not have taken the news well. The following To Do List was found in a trash can on Pennsylvania Avenue… Read Also: Lucan Van Praag’s “To…

Hot Links: Gartman, DeLong, Merkel & The Big Dogs

Stuff I’m Reading this Morning… On tap today:  New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here.  (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund.  (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight.  (Clusterstock) Bernanke to get the…

FOMC Day! Get Your Programs!

I love FOMC Day!  From the moment I wake up, my stomach is filled with butterflies, really pretty purple and pink ones, as I look forward to the 2 o’clock hour.  At this appointed hour, the chairman of the world’s most secretive monetary institution descends from on high with his stone tablets, which are emblazoned…

Market Recap: Dollar Does the Warrior's Dance

  [vodpod id=Groupvideo.2726984&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The Reformed Broker, AKA the Firestarter, here with today’s Market Recap… Let me get this straight…a Russian minister makes an offhand comment about how the US Dollar probably won’t lose it’s reserve currency status anytime soon and the entire market nosedives?  I guess we really are being led around by the commodities…it hadn’t…

Rise of the Silver Surfer

I have a new sector, a new weapon in my arsenal, an area of the market that I’ve ignored for over 10 years due to the lack of quality pure-plays. I’ve been trading and investing in various gold ideas forever, but a lot has changed with the white metal, and now I’m happy to report…

Meltzer: Are We Tough Enough For The Coming Inflation Battle?

“No country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.” Allan H. Meltzer, May 3rd 2009 In Allan Meltzer’s excellent New York Times op-ed piece from May 3rd, we are taken back…

Who Else Got Pushed Around by Hank Paulson?

I just sat down and digested the B of A/Merrill Lynch Merger Investigation letter and I felt like I was reading excerpts from a Godfather IV script treatment. Ken Lewis is no innocent, but Hank Paulson comes off like a f@ckin’ psycho in Andrew Cuomo‘s letter to the SEC and TARP oversight committee.  Cuomo basically…