And that’s the point. It is all money in the bank. There is, according to the press, a difference of opinion between Treasury and the Reserve Bank over interest rates and their proper direction.
November 3rd, 2009 | Dr. Steven Kates | 79 comments | ContinuedAll Posts Tagged With: "treasury"
Banks Could Face Larger Asset Writedowns and Losses than IMF has Modelled
Next time around, though, we reckon the losses – when they come – will be on domestic real estate assets. And with so much exposure to domestic real estate (mortgage loans), the assets could face a world of hurt. But even if bank asset quality doesn’t crash (housing prices don’t crash), an external shock affects Aussie bank liabilities.
October 28th, 2009 | Dan Denning | 2 comments | Continued
Cash is Created When the Feds “Monetize the Debt” by Buying US Treasury Bonds
Are you kidding, dear reader? After being the single largest buyer on the planet? Imagine what will happen to the bond market when investors realize that the Fed is selling! It’s not going to happen.
October 23rd, 2009 | Bill Bonner | 5 comments | Continued
Federal Reserve and the Huge Tsunamis of Money
Then, to add that essential touch of surreal whimsy that seems to permeate all things fiscal and monetary these days, I additionally note that not only did Total Reserves go down in the banks by $48 billion to $848 billion, but I will note that Total Reserves one year ago were a miniscule $41 billion! Hahahaha!
July 7th, 2009 | Mogambo Guru | 3 comments | Continued
Gold Flourishes but Silver is the Real Precious Metal Story of Late
“In general,” says energy and oil expert Byron King, “the precious metals are up because the big-spending politicians in Washington have no respect for the US dollar. Break out the black crepe and armbands of mourning for the US dollar.
June 2nd, 2009 | Ian Mathias | 0 comments | Continued
Deception of the Bull and the Bear Markets
Which makes us think that the rally is probably NOT over. It’s too soon to hammer the bulls. Not enough of them yet. This market should rise more…in order to draw in more suckers.
April 9th, 2009 | Bill Bonner | 0 comments | Continued