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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Annual Meetings’

“Lyin’ Bankers, Meet Mathematics” By Karl Denninger

“I’m referring to CHARLES EVANS, President of The Chicago Fed, JAMES BULLARD, President of The St. Louis Fed, and Janet Yellen of The San Francisco Fed, along with CHAIRMAN BERNANKE.
The former wants to “mimic” below-zero interest rates, while Bullard wants an “inflation target” and Yellen says “its worth pulling out all the stops” according to [...]

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U.S., Europe Warn of Further `Bad News;’ Strengthen Regulation

By Gonzalo Vina and Alison Fitzgerald
April 13 (Bloomberg) — Finance chiefs from the U.S. and Europe said the eight-month credit squeeze is still festering and urged banks to take steps to relieve it.
“The chain of bad news may not have come to an end,” Italian Finance Minister Tommaso Padoa-Schioppa said yesterday as the International Monetary [...]

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