Let’s Get Serious
The Federal Reserve will end its quantitative easing – or credit easing as Bernanke refers to it – in the first quarter of this year. They have already completed their Treasury purchases and will complete their agency bond and MBS purchases by the end of March. That’s the exit plan. I am of the opinion .. read more
Jamie Dimon Does Not Want to Sell Cars
The WSJ is reporting that the merger talks between GM and Chrysler are heating up with Jamie Dimon providing the heat: General Motors Corp. and Chrysler LLC are accelerating merger discussions amid strong support from potential lenders that are eager to see a deal done. GM, set to report dismal third-quarter earnings in coming weeks .. read more
Dimon as Treasury Secretary?
That’s what this article says: NEW YORK (MarketWatch) — Barring an October surprise, the fall election has all but been decided. The next question on Wall Street is whom President Obama will install as Henry Paulson’s successor as head of the Treasury Department. Though no decision has been made, the rumor is that the Obama .. read more
