Wisconsin Emerges As A Crucial Swing State

Jan 27, 2012, 8:56 AM

When we think of swing states in presidential elections, Florida, with its fast-growing... Read »

The FOMC Confuses Me

Jan 27, 2012, 7:55 AM

The FOMC has spoken and here is what it said (my bold): To support a stronger economic... Read »

  • 10:25 AM Olvier Blanchard is a very well-respected academic economist, and currently also Chief Economist at ... Read »
  • 7:39 AM The Tree comes to us via one of our favorite international sites, The Drunkeynesian,  in Brazil. Â... Read »
  • 11:35 AM I was talking with SF Chronicle columnist Kathleen Pender yesterday, and she shared a trenchant obse... Read »

BofA to Limit Cash Bonuses for Bankers, Traders

Jan 26, 2012, 2:23 PM

Bank of America Corp. (BAC), the U.S. lender seeking to preserve capital, will freeze base salary levels and limit cash bonuses to $150,000 for some investment bankers, said two people with knowledge of the plans. The cap... Read »

World Bank President Zoellick: Austery is a “Loaded Word”

Jan 26, 2012, 12:57 PM

Bloomberg TV’s Erik Schatzker spoke to World Bank President Robert Zoellick this morning about the economic woes facing Italy. Zoellick said that Germany and other European nations can do more for Italy, and that austerity... Read »

UK: Into Recession

Jan 26, 2012, 10:50 AM

So much for expansionary fiscal contraction in the UK. Not that that’s a surprise. The UK Office of National Statistics has just released preliminary estimates for real GDP growth in 2011Q4. The 0.8% contraction (q/q SAAR)... Read »

The Fed’s Sunshine Is Blinding Me

Jan 26, 2012, 8:56 AM

Federal Reserve Chairman Ben Bernanke believes government functions best in sunshine, when decision-making is transparent and predictable. I usually applaud this philosophy. But I’m perplexed – or perhaps dazzled is a... Read »

Costs will Come Down $2.5-3 Billion – Vikram Pandit

Jan 26, 2012, 8:38 AM

Bloomberg TV’s Erik Schatzker speaks to Citigroup (C) CEO Vikram Pandit from the World Economic Forum in Davos, Switzerland. Pandit talked about Citi’s strategy and said that costs will come down at the firm between... Read »

Geithner Says He Will Not Serve Second Term

Jan 26, 2012, 6:38 AM

EXCLUSIVE: Treasury Secretary Tim Geithner spoke to Bloomberg Television’s Trish Regan Wednesday and said that President Obama is “not going to ask me to stay on, I’m pretty confident. I’m confident... Read »

The Fed will Keep Rates at “Exceptionally Low Levels” Through Late 2014

Jan 25, 2012, 1:40 PM

The Press Release describing the decisions of the Fed’s monetary policy committee decisions was released this morning, and it is very similar to the press release from its last meeting in mid December with one notable... Read »

Gold Temporarily Loses its Uncertainty Hedge

Jan 25, 2012, 12:17 PM

Good day! And a wonderful Wednesday to you! A very confusing day for yours truly yesterday. I have my beliefs, and they have been proven to be true for a long time now. But now there’s something gnawing at those beliefs... Read »

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