Entries Tagged as 'zirp'

You Can’t Stop Yen, You Can Only Hope To Contain Him

August 30th, 2010 · 3 Comments · loller dollar, zirp

Folks, consumer electronics shopping is gonna get a lot more painful this holiday season. The yen is rallying, the Bank of Japan is easing and the markets are shrugging: Japan’s government offered a modest stimulus package Monday and the central bank took steps aimed at curbing the rising yen, but a tepid reaction from markets […]

[Read more →]

Tags:

Yellen About ZIRP

March 13th, 2010 · No Comments · zirp

As you probably know, there’s a vacancy at the Fed in the vice chair position. A frontrunner has emerged – Janet Yellen, currently at the SF Fed branch and a big fan of the ZIRPstravaganza: Appointing Yellen, 63, who was unavailable for comment Friday, would reinforce Fed Chairman Ben S. Bernanke’s policy of keeping interest […]

[Read more →]

Tags:

Happy Groundhog Day!

February 2nd, 2010 · 1 Comment · zirp

Punxatawney Phil saw his shadow, so we’re expecting six more weeks of winter. And Australia failed to hike their interest rates as expected this morning (theirs, incidentally, is at 3.75%), so we expect the US to not start hiking for quite some time. Well, we expected that anyway, but the shadow thing is proof. [Disclaimer: […]

[Read more →]

Tags:

And Worth Every Penny

August 12th, 2009 · 3 Comments · bernanke, governors, zirp

As Federal Reserve Chairman, Ben Bernanke rakes in a salary of $191, 300, a number which we can only hope includes performance bonuses. He heads up an agency that happens to be the largest bank in the world. It issues currency, is a bank for both the government and for giant commercial banks (acting as […]

[Read more →]

Tags:

Hell, No, We Won’t ZIRP

June 4th, 2009 · No Comments · zirp

We heard there was a protest outside the ECB yesterday, and we thought: is this related to interest rates? Buying bonds? Against some kind of coordinated action with the BOE? It was nothing like that – it was a 90-minute strike by staffers, who formed an anti-Trichet drum circle: European Central Bank workers staged a […]

[Read more →]

Tags: