From Bloomberg, I quote our Treasury Secretary: “I believe deeply that it’s very important to the United States, to the economic health of the United States, that we maintain a strong dollar,” Geithner told...
Read MoreAt the Treasury meeting, I commented that the insurers were better regulated for solvency than the banks. One of the reasons for that is that they do harder stress tests, and they look longer-term. So, if one is trying to...
Read MoreThings have been busy for me, so this final part should be short. What did I learn that I did not already know? Not much, except: The Treasury wants to convince the public that it is doing its best, but that...
Read MoreNow, none of us knew when we came that only bloggers were invited. Personally, I expected it to be a broader press briefing that some bloggers could come to as well. “Deep background” is well understood...
Read MoreOne other blogger took his nameplate with him — I’m not sure who; the rest left theirs. But this is what was in front of each one of us as we sat down to discuss matters at the US Treasury. Treasury...
Read MoreSo, who did I recommend for the next meeting at the Treasury? (I think there will be one.) Economists View http://economistsview.typepad.com/ Cafe Americain http://jessescrossroadscafe.blogspot.com/ Market-Ticker...
Read MoreGoing back to bank stress-testing for a moment, one interesting thing that a Treasury official said at the meeting was that unemployment did not have a big effect on foreclosures. Unemployment has a big effect on credit...
Read MoreSeptember 2009 November 2009 Comments Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Information received since the Federal...
Read MoreBefore I start this evening, to all my fellow bloggers out there, if you were invited to the gathering at the US Treasury and did not come, I have a request and a question: If you were invited, send me an e-mail. Tell me why you...
Read MoreThis will have to be brief, because I am tired. I have had to deal with family and work issues today, and only now have time to blog. You might have seen my fanciful post, Fallowhaven, Part 1. I wrote that because I...
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