The Fed to Barclays, Deutsche Bank: “We don’t like what you did”
WASHINGTON | By Pablo Pardo | Let’s not forget, it was the Federal Reserve, through its massive liquidity injections, that saved the German banks in 2008 and again in 2010 and 2011.
Articles by Pablo Pardo
About the Author
Pablo Pardo
Pablo Pardo
Crazy: ‘Business Insider’ raises the alarm on “rumors of a coup d’état” in Spain
WASHINGTON | This is one more crazy misrepresentation of the Spanish situation by international media.
Playing God with the US economy
WASHINGTON | Two online games posted in two regional Federal Reserve’s banks (San Francisco and Atlanta) enable us to forecast that the extremely accommodative US monetary policy will continue for a long period of time.
US recovery fails the American worker
WASHINGTON | Real salaries will keep falling, which in turn will mean less savings and more private debt, erasing the de-leveraging gains of the last five years.
The bull market nobody believes in?
WASHINGTON | Will the rally last? In theory, Investors Intelligence’s poll says no.
IIF: “The era of European solidarity is over”
WASHINGTON | “Investors would be well advised to see the outcome of Cyprus both as a reflection of how future stresses will be handled, and a reminder that efforts to shift the liabilities associated with legacy bad bank assets.”
Waiting for the Sequester
WASHINGTON | The key aspect of the sequester will be noticed in some other form–34 percent of the States’ budget comes from the Federal Government. Now, those transfers are going to be cut because of the sequester.
S&P, Moody’s, Fitch: low competition, high incompetence
WASHINGTON | The problem wasn’t just the forced flexibility implied in the S&P models to rate AAA what should had never been awarded top quality grades. The supervisory models themselves were incorrect, to start with.
United States: demagoguery cliff
WASHINGTON | Fear of spending cuts and fiscal cliff has made the U.S. defense officials cut spending even before they were forced to do so. A good example of commendable public spirit, even if a bit exaggerated.
Shiller: “No one can prove that growth plummets when debt is over 90% of GDP”
WASHINGTON | Why certain numbers are linked to certain goals? Is it a healthy trend to understand the current crisis? Economist Robert Shiller wondered in an interview with The Corner about debt bubbles, bank bailouts and the disturbing lack of lobbying for ordinary people.