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Tag Archives: Treasury

They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy.

A primary dealer is a bank or securities broker-dealer that may trade directly with the Federal Reserve System of the United States (“the Fed”).[1] Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed’s open market trading desk, and to participate actively in U.S. Treasury […]

Yield curve may steepen “sharply” or it may not…

David Buik, a market analyst at BGC Partners, talks with Bloomberg’s Scarlet Fu about the demand for U.S. debt and expectations for the Treasury yield curve. Buik, speaking from London, also discusses the outlook for earnings reports from U.S. retailers. (Source: Bloomberg News / running time 2:30 minutes) As the federal government levers up consumers […]

Change we need

From The Hill: ~~~ “Sen. Maria Cantwell said that she’s “not sure” why Treasury Secretary Tim Geithner still has a job as of Monday morning. Cantwell (D-Wash.) ripped into the financial reforms put forth by Geithner and the Obama administration as “appalling” for including alleged loopholes and exemptions for large financial institutions in legislation overhauling […]

Some new panhandlers in Harvard Square

From Jesse’s Cafe Amercain… ~~~ This was the very moment of Obama’s failure, when he allowed Summers, Geithner and Bernanke to establish the principle of “Too Big To Fail” and set up a financial oligarchy at the expense of taxpayers. We would have expected this out of the Treasury under Hank Paulson, but to see […]

We have entered the early stages of a weak US consumer recovery…liable to more shocks…

Interview with Stephen Roach of Morgan Stanley Asia. He gives his views on the U.S. and Asian economies a year after Lehman’s collapse. (Bloomberg News, running time 7:00 minutes) Mr. Roach notes that “that the shape of the recovery is going to be written by the American consumer and the last time that I looked […]

TreasuryDirect for Treasurer Lockyer

I was reading about the efforts of states to directly market their municipal debt to retail investors. From Business Week: ~~~ “In March 2008, retail investors bought half of a $1.75 billion issue of general-obligation infrastructure bonds and the following October they bought nearly 80% of a $5 billion issue of Buy California Bonds—short-term revenue […]

Best of the bailout

What a thrill to find the website “Subsidy Scope“. One of the developers of the site, Kevin Webb, was sharing his work on a data set of bank TARP recipients on Open Finance Hackers. The group at Subsidy Scope has done an excellent job of trying to expand the understanding of the largest bailout in […]

“Why public private plan has bankers squirming”

 Reblogged from the libertarian democrat.  Money quote at the very end of the article… “the urgent pressure to sell assets is receding as banks raise capital” TO BE NOTED: From The FT: ~~~~ “Why public private plan has bankers squirming”  By Gillian Tett Published: May 21 2009 20:04 | Last updated: May 21 2009 20:04 Cometh […]

US fiscal meltdown may raise interest rates

Analysis and discussion with Doug Smith of Standard Chartered Bank. He talks about the flexibility of U.S. economy and the lack of “stress” in the US Treasury’s stress tests. US financial firms have an substantial amount of debt outstanding… and this explains the concern of global investors about the solvency of the US banking system. […]