Jan.26.2010 The Atlanta Fed’s Weekly Highlights points out that only $12.7B of the $175 agency debt and $110B of the agency MBS purchase programs remain to be deployed. With the $300B in Tsy purchases dried up already from last fall, this means 92.5% of QE liquidity has been injected, and less than $125B remain. This [...]... (Continue reading)
Dec.14.2009 James MacGee has an interesting article that compares the post-housing boom period in Canada with that of the United States (hat tip James Hamilton). Specifically, he notes that the housing bust that took place in the United States did not occur in Canada and attempts to explain this difference by looking at the two [...]... (Continue reading)
Oct.16.2009 Equity Futures: Dow -44.00. S&P -7.80. NASDAQ -13.50. Japanese Nikkei -20.00. German Dax +28.00 Stock markets in the United States closed the week out with small losses on the day. The Dow was trading 67 points lower, below the 10,000 mark which the index broke this week for the first time in a year. [...]... (Continue reading)