Today the Fed releases the results of the banking industry “stress test.” You remember this test right? The Fed created a scenario of economic failure well beyond what is already the worst economic downturn in seventy years. They then evaluate the banks’ ability to withstand this Armageddon against the Fed’s own made-up base line. (Let’s [...]
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When I was young,my father taught me a very simple story: A man walks by a big room and sees that it’s chest high in manure. “Quick,”he says “someone get me a shovel. There must be one helluva horse in here somewhere!” Now the message was always clear:don’t be afraid of hard [...] Not everyone appreciates the entertainment value of watching the body politic. But I do. I stand hands on hips,amazed by the intricate movements each player contributes to their tap dance around the truth. I listen to their spin,enthralled by the rhythm and stunned by their ability to stand upon the dais and look [...] And the beat goes on…but sometimes it helps to have that little bouncing ball show us exactly what lyric we are singing this week. All together now: Today the Fed suprised no one by opening the discount window to ailing siblings:Fannie Mae and Freddie Mac. Together they hold more than half of all [...] The key to marketing is not so much the how as it is the how often. The problem though is content:what are you bringing of value each time you touch your client? We currently have a tremendous opportunity. The recent rate drops by the Fed have been severe and there are a number of [...] The Fed went ahead and lowered the overnight rate another half point today. Hard to imagine this being a good move in the long run. I commented last week about the possible inflationary pressures of this decision and I was going to comment again today regarding their decision. But there is no need when you [...] The Fed has done it again. Known for over reacting to economic stimuli,the Fed announced today a surprise,3/4% cut to the overnight rate as well as the discount rate. Cause for celebration,right? Maybe not. Here are three of the possible ways that this plays out: The Good:people take advantage of cheap [...] | |||
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