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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. I slogged through most of it. I didn’t quite get that.

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Inside a Fortune 500 Boardroom

CaseInterview.com

The conference room had an incredible view of Manhattan. I’ve never seen a conference room table so large before. In contrast, my favorite boardroom belonged to a clothing retail chain in California during the Great Recession of 2008. If you know finance, especially the finance of retail businesses, that’s nearly impossible.

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Damn the Bubbles, More Printing Ahead; Property Bubbles and the Perils of Easy Money

MishTalk

Finance reports Yellen strongly defends easy Fed policies, cites U.S. labor slack Federal Reserve Chair Janet Yellen gave a strong defense of the central bank''s easy-money policies on Monday, saying its "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come.

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Greek Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?

MishTalk

Greek finance minister Wolfgang Schäuble has a sense of humor. Who knew Wolfgang Schäuble, Germany’s prickly finance minister, had a sense of humor? At a news conference on Thursday, Schäuble chided U.S. Dow Jones Newswires reported on the news conference. Today he said to U.S. would allow Greece to adopt the U.S.

Finance 28
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Magazine Ad Revenues Plunge; Google Collects Half of Mobile

MishTalk

Minyanville Business and Market News. Get Involved The State of the Unions Finances: A Citizens Guide. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Magazine Ad Revenues Plunge; Google Collects Half of Mobile Internet Ads; Cannibalization of Ad Market. Automatic Earth.

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"Will These Central Bank Morons Ever Learn?" asks Albert Edwards at Societe General

MishTalk

The problem is that at these stratospheric valuations, the market does not need to suffer an ACTUAL recession to see a crash. Like October 1987, just the fear of recession will be enough to trigger a massive market move. This suggests to me a continued misplaced market (over)-confidence about central banks’ ability to control events.

Banking 75
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Hiring and Managing in Turbulent Times

Harvard Business

The second World War had left business slow and finances strained. When the market recovered, we were therefore poised to seize the opportunity. The late 1940s were a tough time for the fledgling electronic equipment maker that would eventually become one of the America’s best-known technology companies. But we barely downsized.