The Mess That Greenspan Made - Part 18

Interest Rates are Kinda Low

From this item at Business Insider the other day via the Bank of England and Citigroup comes the graphic below depicting just how interesting these times are, interest rate-wise.

Sourced from the Babylonian empire to Greece, the Roman Empire, Byzantium, Netherlands, Italy, the U.K., the U.S. – it’s a veritable stroll through monetary history…

Thursday Morning Links

MUST READS
Yellen navigates tricky path on interest rates – AP
House Republicans Intensify Attacks on Federal Reserve – NY Times
Greece to stop privatisations as Syriza faces backlash on deal – Telegraph
When do we decide that Europe must restructure much of its debt? – CFM
Ukraine heaps on economic pressure as central bank confuses – Reuters
Russia could cut off gas to Ukraine by ‘end of week’ – AP
Morgan Stanley agrees $2.6 billion settlement – CNN/Money
Opinion: J.P. Morgan’s real size advantage – MarketWatch
‘Irresponsible’ Millennials Saving More Than Anyone Else – Fiscal Times
How Obamacare’s Tax Complications Are Playing Out – WSJ
Obamacare’s Vending Machine Power Grab – e21
Domestic Fear Is the Price of Empire – reason.com

MARKETS/INVESTING
Stocks hit new record as cheap money reigns – Reuters
Japan stocks touch 15-year high again – MarketWatch
Goldman Employees Reap $2B From 2008 Options – Bloomberg
Stock-market crash of 2016: The countdown begins – MarketWatch
Treasuries Climb for Fifth Day as Analysts Chop Yield Forecasts – Bloomberg
Gold rises 1 pct on U.S. rate hike view, Chinese buying – Reuters
Bank of England Admits 22% of Austria’s Gold is Gone – Daily Coin
Have the big banks been manipulating gold and silver prices? – Mineweb
Austria Expresses Concern Over Their Gold At BOE – BullionStar
The world’s top 10 gold producers – Mining.com

ECONOMY/WORLD/HOUSING/BANKING
The dog that did not bark – The Money Illusion
Deflation, Growth & The Next Recession – Capital Spectator
It’s official: NSA spying is hurting the US tech economy – ZDNet
Emerging Economies’ Demographic Challenge – Bloomberg
Euro-Area Consumers Help Recovery as Confidence Rises – Bloomberg
German consumer confidence at new high as energy costs drop – Washington Post
Spanish Consumers Drive Recovery as Exports Plateau – Bloomberg
New-Home Sales Are Surging. Why Aren’t Existing Homes As Hot? – WSJ
Lure of Wall Street Cash Said to Skew Credit Ratings – Bloomberg
The U.S. Federal Reserve and Shared Prosperity – The Globalist

 

It seems that those who write about billionaire Warren Buffett may have already laid claim to using the name Warren as a verb, but with any more contentious exchanges like the one yesterday with Federal Reserve Chairman Janet Yellen, Senator Elizabeth Warren (D-MA) may give the Oracle from Omaha a run for his money (i.e., Yellen was Warrened yesterday).

Also see:

Elizabeth Warren went full Elizabeth Warren today at a Senate hearing – Washington Post
Warren Sharply Criticizes Fed Staff Over Dodd-Frank Views – American Banker

Wednesday Morning Links

MUST READS
World stocks near all-time highs after Fed signals – Reuters
Yellen removes another obstacle to an eventual rate hike – MarketWatch
Hilsenrath’s Take: Goodbye patient, hello reasonably confident – WSJ
Why Congressional challenges to the Yellen Fed matter – Washington Post
Elizabeth Warren’s Next Target Is The Fed’s Top Lawyer – HuffPost
Warren Sharply Criticizes Fed Staff Over Dodd-Frank Views – American Banker
Yellen Defends Greenspanian General Counsel Scott Alvarez After Warren Grilling – NC
The disappeared: Chicago police detain Americans at abuse-laden ‘black site’ – Guardian
Europe risks right-wing backlash, Greece’s Varoufakis tells Charlie Hebdo – Reuters
Why digital natives prefer reading in print. Yes, you read that right. – Washington Post
The White House has no back-up plan if SCOTUS rules against Obamacare – Vox
Morgan Stanley’s Hunger Games video – Investment News

MARKETS/INVESTING
Markets subdued ahead of Yellen’s second testimony – AP
Energy Stocks: Is it Time to Buy, Sell or Hold? – Barron’s
Oil rises to $59 as Saudis say demand growing – Reuters
The Nasdaq is doing some very bullish things – MarketWatch
The Nasdaq nears its Internet bubble-era record – Fortune
As FTSE Hits a Record, Scratch Beneath the Surface – WSJ
Yes, the World Is Out to Get Active Managers – Bloomberg
Gold climbs as Fed signals no rush to raise rates – Reuters
Gold vs Fed debt shows fair price today is $1,800 – Mining.com
The Gold Standard For Skeptics – Forbes

ECONOMY/WORLD/HOUSING/BANKING
Consumer confidence slides after big Jan. gain – USA Today
U.S. Economic Confidence Index Back in Negative Territory – Gallup
What the Heck Has Suddenly Hit American Consumers? – Wolf Street
The Economic Consequences of Greece – Project Syndicate
Broad Support for Higher Wages in Germany Despite Falling Prices – WSJ
China Readies Measures to Counter Housing Market Slump – Bloomberg
Case-Shiller: “The housing recovery is faltering” – Housing Wire
In Tepid Housing Market, Builders Cater to Desires of Well-Off – NY Times
Why Lenders Love the $2.5 Million Home Loan – Bloomberg
Janet Yellen’s Audit – NY Sun

 
© 2010-2011 The Mess That Greenspan Made