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Mish's Global Economic Trend Analysis
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Friday, Jan 29
Crisis in Spain and Greece: Plan A and Plan B
There's no bailout. There's no way out," French Finance Minister Christine Lagarde said, after a closed-door meeting with European Commissioner Joaquin Almunia and European Central Bank President Jean-Claude Trichet. Though, talk of a bailout has been dismissed, the idea continues...
Thursday, Jan 28
Secret Deals Involving No One; AIG Coverup Conspiracy Unravels
We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system -- apart from the matter of AIG’s bailout -- deserves further congressional scrutiny. April 24, 2009: Let the Criminal Indictments Begin: Paulson, Bernanke,...
Wednesday, Jan 27
Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes
The job of Bernanke, Geithner, and Obama is to keep the rentier-financiers' imperial plunder regime in power. Ironically, whether or not Bernanke actually made those promises to Reid is irrelevant. Bernanke should never have put himself in the position to be accused. However, the key poi...
Tuesday, Jan 26
Democracy At Work
Dump Bernanke - How You Can Help! What To Say: Make it simple so as to not tie up the lines ... "Vote no on cloture to end debate on Bernanke. I am opposed to the reappointment of Bernanke [give your personal reason]. Anything to stop Bernanke including a fillibuster is fine by me."
Monday, Jan 25
Wall Street Journal Questions Bernanke's Credibility and Political Will
Yes, much of Wall Street wants to see Mr. Bernanke confirmed. The Street is currently making a bundle off Fed policy, as it borrows at near-zero rates and lends long, and the banks don't want that to end. The banks also loved negative real interest rates in the middle of the last decade, and we kn...
Economist Steve Keen On "The Case Against Bernanke"
Fisher then argued that a starting position of over-indebtedness and low inflation in the 1920s led to a chain reaction that caused the Great Depression. So what did Ben Bernanke, the alleged modern expert on the Great Depression, make of Fisher’s argument? In a nutshell, he barely even c...
Friday, Jan 22
Dump Bernanke - How You Can Help!
Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.
Wednesday, Jan 6
Taylor , NY Times, Dean Baker Call Out Bernanke
Please consider Taylor Disputes Bernanke on Bubble, Says Low Rates Played Role. John Taylor, creator of the so-called Taylor rule for guiding monetary policy, disputed Federal Reserve Chairman Ben S. Bernanke’s argument that low interest rates didn’t cause the U.S. housing bubble.
Tuesday, Dec 22
Corrupt Politics and Imprudent Bailouts are Two Peas in Same Pod
Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study from Ran Duchin and Denis Sosyura, professors at the University of Michigan's Ross School of Business.
Wednesday, Dec 16
Bernanke Trots Out The Boy Scout Motto
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen. Anticipation: a Harbinger of Things Not t...
Tuesday, Dec 15
Fannie Freddie May Need Another $400 Billion Taxpayer Assistance
“The Treasury has shown that their pain threshold is almost” non-existent, and the housing “market is still very fragile,” Miller said in an interview. It is quite clear the Treasury does not care how much pain it inflicts on taxpayers, which is exactly what happens when housing is used a p...
Monday, Nov 30
Zombie Capitalism: Bernanke "Marching Ignorantly Forward"
Instead we bailed out Fannie Mae, Freddie Mac, Citigroup, and Bank of America bondholders while raping the GM bondholders (the latter so that Obama could appease the unions). In other words, Paulson, Geithner, Bernanke, Obama, and Congress effectively conspired to rob the poor to bail...
Sunday, Nov 29
Bank of America Has "Good Excuse" for Not Offering Mortgage Modifications; HAMP a Spectacular Failure
Bank of America's answer can be found in U.S. Treasury to Push Lenders to Finish More Home Modifications. The U.S. Treasury Department will step up public pressure on lenders to finish modifying more home loans to troubled borrowers under a $75 billion campaign against the record tide of fore...
Monday, Apr 6
Neither Krugman Nor Bernanke Can Distinguish Excessive Printing From Excessive Savings
Krugman: "I am rather a supporter of Mr. Bernanke at the Federal Reserve which is partly because I think he is the right man for the job, partly because before he was demoted to his current position he was a professor at Princeton University which is where I also teach.
