The Great Debate

Fed redux: Making policy behind the curve

January 29, 2010

– John Kemp is a Reuters columnist. The opinions expressed are his own. –

Housing’s Humpty Dumpty moment

January 28, 2010

(James Saft is a Reuters columnist. The opinions expressed are his own)

All the King’s horses and all the King’s men have been busy propping up the housing market but sometime this year, perhaps soon, it will face a Humpty Dumpty moment.

from Rolfe Winkler:

Geithner’s faulty apologia

January 28, 2010

Tim Geithner's appearance in front of Congress today was another embarrassment, perhaps more for the people's representatives than the Treasury Secretary. Still, Geithner offered a clumsy defense for paying out 100¢ on the dollar to AIG's counterparties, which included more than Goldman Sachs.

Obama disappoints on bank reform

January 22, 2010

— Peter Morici is a professor at the Smith School of Business, University of Maryland, and former Chief Economist at the U.S. International Trade Commission. The views expressed are his own. —

Bernanke’s fearful asymmetry

January 5, 2010

saft2.jpg – James Saft is a Reuters columnist. The opinions expressed are his own —

Fed audit push gives impetus to gold rally

November 24, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

Auditing the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher.

Can recovery and credit crunch coexist?

By J Saft
November 12, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

New studies from the Federal Reserve and European Central Bank show that, whatever else, a recovery in the economy is not being supported by a resumption in bank lending, raising concerns about how exactly growth will become self-sustaining when official stimulus ebbs.

The death of the “punchbowl” metaphor

By J Saft
October 29, 2009

jamessaft1.jpg (James Saft is a Reuters columnist. The opinions expressed are his own)

Don’t expect the year-long rally in risky assets to be undermined any time soon by the Federal Reserve becoming concerned about inflation.

Dollar faces long journey downward

October 13, 2009

cr_lrg_108_jamessaft1.jpg

- James Saft is a Reuters columnist. The views expressed are his own –

Even putting aside the spectacular but hard-to-measure risks of a financing crisis or the loss of its special status, the dollar faces really serious headwinds from boring old fundamentals.

from Rolfe Winkler:

Time for a Fed fire drill

September 25, 2009

Former Federal Reserve Chairman William McChesney Martin joked that it was his job to "take away the punch bowl just as the party gets going." But Alan Greenspan never did, choosing instead to spike it every time the party slowed down. The results were more than a little unfortunate.