From the monthly archives:
No. I don’t think so.
To be sure, his speech was short on details. But in my opinion, Geithner’s got it right. Especially the expansion of the TALF program. For those of you not up on it, Geithner is essentially proposing to bring the securitization process back into the fold, allowing private hedge funds and [...]
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Chinese Central Bank governor Zhou Xiaochuan announced the Chinese yuan will be kept at an appropriate level and no new strategy has been adopted, signaling a continuation of the current strategy. The yuan has been allowed to appreciate 21% against the U.S. dollar since the end of its peg in July 2005. However, the Central [...]
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Chinese wholesale inflation fell to negative 3.3% in January compared to a year earlier, effectively ending the inflationary spiral regulators were afraid of in the lead up to the Beijing Olympics last August. However, the latest numbers out of Beijing now bring a threat of deflation to the world’s third-largest economy.
Our comment: The decline is [...]
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Treasury Secretary Timothy Geithner is due to announce a plan to draw private investors into a U.S. financial rescue package aimed at reducing the toxic assets many commercial banks have on their balance sheets.
In a markedly different approach from the previous administration, Geithner aims to spur the flow of credit through the economy once again [...]
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Asian markets extended their pre-weekend rally on Monday as better than expected numbers out of Japan helped investors focus on positive news out of Tokyo and Washington.
Japanese machinery orders in December only dropped 1.7%, a significant improvement over the 8.9% expected by economists polled by Dow Jones Newswires and a drastic improvement over the 16.2% [...]
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The Obama administration delayed the announcement of its bank rescue plan until tomorrow as Congress remained focused on the economic stimulus package.
Details of the bank bailout plan were expected today, but the Treasury Department said Timothy Geithner will make the announcement at 11am EST on Tuesday. Details of the plan have been scarce, but it [...]
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The U.S. Senate readied itself over the weekend to vote on a huge $780bn stimulus package aimed at giving the economy the short-term jolt it needs to get on the path to recovery. Senators worked over the weekend to trim the hefty package which included amendments that had inflated its size to nearly $1 Trillion.
Debate [...]
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