Tag Archives: Ben Bernanke

China, India, Greece and Ben….oh my!

By Andrew Busch | Published: August 29, 2011

Global equity markets had big movers overnight, but not all in the same direction.

China was down 1.5% as that nation extended their reserve requirements to include client margin accounts. This has some estimating that $140 billion more will have to be held as requirements over the next 6 mths. This means that the tightening of Chinese monetary conditions is not yet done and could see additional steps to reign in lending and therefore reduce inflation.

Next up, India took steps to ease a political crisis that had engulfed the nation. Opposition leader Hanzarre was on a 13 day fast … …READ MORE

Posted in Front Page | Also tagged , , | Leave a comment

Survey Time!

By Andrew Busch | Published: April 28, 2011

Which headline would you like to see after Bernanke’s presser?
1. Bernanke invokes Eistein theory of insanity
2. Bernake: currency war is on!
3. Bernanke makes history: 1st chairman to duck TMZ
4. Bernanke Tweets: mkts jst don’t gt me, gt to kp it real…GDP!
Send in your response or reply via twitter.com/abusch… …READ MORE

Posted in Front Page | Also tagged | 1 Comment

US dollar Devaluation Has Begun

By Andrew Busch | Published: April 20, 2011

Wednesday’s Bullets:
• The Bank of Thailand (central bank) raised its benchmark overnight repo rate 25 basis points to 2.75% for the third time this year.
• The Riksbank (central bank Sweden) raised its benchmark overnight repo rate 25 basis points to 1.75% for the sixth time since July.
• The Bank of Korea (central bank) said it will “consistently” push to raise its key interest rate in future to curb growing inflation expectations.
• An advisor to the People’s Bank of China (central bank) said China could move to raise benchmark interest rates further, arguing that real interest rates … …READ MORE

Posted in Front Page | Also tagged , , | 2 Comments

Fed Shirts vs Skins

By Andrew Busch | Published: April 4, 2011

There appears to be a jump ball for the direction of the Federal Reserve and monetary policy as FOMC voting and non-voting members spoke last week. It will continue this week as we have several speakers including Chairman Ben Bernanke ready to take a shot and score points for their view. An intriguing game of Dove shirts (Dudley) vs Hawk skins (Fisher) is playing out.

It’s interesting to see the recent commentary has shifted from caution and keeping the full QE2 to what instruments should the Fed use when it decides to reverse its easy money policy. While no one … …READ MORE

Posted in Front Page | Also tagged , , | Leave a comment

Top Themes and Trades for FX

By Andrew Busch | Published: February 25, 2011

1. Like the winner of most American Idols, this week’s downward revision to US GDP was both surprising and disappointing. The market was expecting an increase from 3.2% to 3.3% and it was revised down to 2.8%. For the year, it was only 2.8% as the economy struggles to produce a rate fast enough to create jobs and then become self-sustaining. The jobs picture will be on full display next week as we get ISM data, ADP data, weekly jobless claims, NFP and unemployment. The GDP data this week should lead some economists and strategists to revise down their expectations … …READ MORE

Posted in Front Page | Also tagged , , , | Leave a comment

Fed to stay course, Markets to correct course.

By Andrew Busch | Published: January 7, 2011

Today at 9:30AM ET, Federal Reserve Chairman Ben Bernanke makes his way to Capitol Hill to appear before the Senate Budget Committee for their first meeting of the 112th Congress. He will be testifying on the U.S. Economic Outlook: challenges for monetary and fiscal policy.

We can expect numerous questions on today’s employment data as well as the looming debt ceiling hike. Democratic senators will likely focus on the fall in the unemployment rate and will be generally supportive the Fed’s actions.

However, there’s a new Congress in town and this group will likely not be as obsequent. Look for … …READ MORE

Posted in Front Page | Also tagged , , , | 2 Comments

Another reason Why Ben was on 60:

By Andrew Busch | Published: December 9, 2010

A new Bloomberg poll shows that the majority of Americans are dissatisfied with the Federal Reserve and say that it should be either reigned in or abolished. Clearly, this is a reflection of the 9.8% unemployment rate.

The electorate has also sent a message to Congress and the Federal Reserve by electing Tea Party members who ran on the points of reducing the size and reach of government. As an example, there is already a movement in Congress to streamline the Fed’s dual mandate.

Ben Bernanke and the other members of the FOMC will need to strengthen their media message … …READ MORE

Posted in Front Page | Also tagged , , , | Leave a comment

5 Things U Need 2 Know 2day

By Andrew Busch | Published: December 6, 2010

1. According to a top ranking Chinese official from Wikileaks, their GDP figures are “man-made.” Reuters reports that “Li Keqiang, head of the Communist Party in northeastern Liaoning province at the time, was unusually candid in his assessment of local economic data at a dinner with then-U.S. Ambassador to China Clark Randt, according to a confidential memo sent after the meeting and published on the Wikileaks website.” While this is getting the headlines, I would remind everyone that the US revises not only its GDP, but its employment data significantly at times. The best part of this Wikileaks story isn’t … …READ MORE

Posted in Front Page | Also tagged , , , , | Leave a comment

Here's what's up today:

By Andrew Busch | Published: November 19, 2010

1. China raised reserve requirements effective 11.30 for the 5th time this year. They are tightening to cool a CPI that ran at 4.4% last month. Food plays a large role in their CPI calculation and the population gets agitated when it goes up.

2. As I said in my blog for CNBC yesterday, the Chinese are reacting to inflation and to the Fed’s QE2. Sets up a situation where the Fed pumps money in, the dollars flow to China, China tightens in an attempt to sterilize the effect.

3. Ben Bernanke today called out China on their currency saying … …READ MORE

Posted in Front Page | Also tagged , , | 1 Comment

Fed Spikes Punch Bowl

By Andrew Busch | Published: November 5, 2010

Fed Spikes Punch Bowl?

Last night, I tweeted: “How much fun will tom b if we get +150k NFP? Bernanke will hav lots o’ fun appearing b4 House Banking Ron Paul 2 explain QE2.” Well, we got 159k+ and here’s what U.S. Rep. Ron Paul said yesterday:

U.S. REP. RON PAUL, IN LINE TO HEAD HOUSE SUBCOMMITTEE ON MONETARY POLICY, SAYS WILL PUSH TO EXAMINE FEDERAL RESERVE MONETARY POLICY DECISIONS
FEDERAL RESERVE IS ‘WAY TOO INDEPENDENT’, ‘TOTALLY OUT OF CONTROL’ – PAUL
PAUL SAYS SUBCOMMITEE WILL PUSH TO AUDIT U.S. GOLD RESERVES
PAUL SAYS DOES NOT BELIEVE DOLLAR CAN BE … …READ MORE

Posted in Front Page | Also tagged , , , , | Leave a comment

  • Recent TWEETS @abusch