(Caption cred to Jason. I had a loooong day today.) This story seems worth a mention, since we are LOL”Fed” and all: Federal Reserve Board Governor Randall Kroszner turned in his anticipated resignation today. Randall, we’re sorry we didn’t get to caption you much in the past, and we promise to be harder on your [...]
Entries Tagged as 'governors'
Unanimously Yours, ZIRP
January 6th, 2009 · 1 Comment · governors, zirp
From the “much less interesting story than it could have been” department: today’s FOMC minutes reveal that the decision to establish a target rate somewhere between zero and 1/4 percent was a unanimous one. All those hoping for a Bernanke/Kohn death match (which was probably just me) are very disappointed right now.
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Your Daily Doom n’ Gloom
December 17th, 2008 · 1 Comment · fail, governors, zirp
So what, exactly, happens in a zero interest rate environment? Where can we look to see what a modern capitalist economy does, does not do, and can and cannot expect when banks can get free money? Why, it just so happens that Japan experimented with this very thing, from 1999 through 2006. Surprisingly, much like [...]
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MSNBC Gets Finance
December 16th, 2008 · 3 Comments · governors, zirp
Yeah, that pretty much says it all.
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