Comments on: Adventures in Fedspeak http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jstaf http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12111 Fri, 19 Feb 2010 16:46:03 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12111 What gives you the idea we are moving away from Fed speak nonsense? We have coddled these over paid idiots for years as they introduced theory after theory that were designed mainly to transfer wealth from the tax payers to Goldman Sachs.

Bernake is guilty of fraud as is Geithner and Paulson, until we bring the criminals to justice instead of hanging on every lie they tell.

]]>
By: KirkD http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12107 Fri, 19 Feb 2010 15:48:57 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12107 Felix….Maybe you can tell the Reuter editor’s to quit using the infamous “But,Better Than Expected” newspeak while you’re at it.

]]>
By: rogueecon http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12102 Fri, 19 Feb 2010 02:30:20 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12102 The announcement looks like it was a summarized version of the blow by blow account of the meeting. They first talked about and approved some modifications, talk about why, and then they finally agree on the rate.

The ordering of items had nothing to do with what was most important. Maybe the meeting stenographer also drafted the announcement?

]]>
By: AndrewBW http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12097 Thu, 18 Feb 2010 23:03:10 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12097 My all time favorite Greenspan quote: “I’m trying to figure out how to put fewer ideas into more words.”

]]>
By: sohlmac http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12096 Thu, 18 Feb 2010 23:00:14 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12096 I think that you kind of missed the mark reading this press release, and although I consider myself pretty good at reading fedspeak, I don’t think I had to go into translator mode for this. The Fed didn’t really bury the lede so much as put the reassuring news first. That second paragraph that you say contains “precisely zero news” is vital to this release. The Fed wants to say that by changing the discount rate, we’re not making any moves on the FFR, and our outlook hasn’t changed. That’s a really important signal to send because the discount rate and the FFR usually move in lock-step.

Also, the headline isn’t “WE RAISED THE DISCOUNT RATE, JSYK” because they did more than that. They say “the changes to the discount window facilities include…” because they not only changed the rate of the primary facility, they changed the duration of the primary facility and changed the rate and put an end date on the term-auction facility.

]]>
By: kmitchelson http://blogs.reuters.com/felix-salmon/2010/02/18/adventures-in-fedspeak/comment-page-1/#comment-12095 Thu, 18 Feb 2010 22:49:39 +0000 http://blogs.reuters.com/felix-salmon/?p=2639#comment-12095 And the same could be said, with knobs on, for the Fed minutes.

26 pages, in small dense type (html) or 2 column (pdf and difficult on the screen) in a grammar style that must date to the early 50s.

Now that the world likes to get access to source material, perhaps they might like to join in the fun too.

1 page with emoticons as bullet points might be somewhat radical, but one would hope that one could catch my drift, to use a vulgar expression, whatho chaps !!

]]>