Mishkin resigning from Fed to return to academia
By Ruth Mantell & Greg Robb, MarketWatch
Last update: 3:46 p.m. EDT May 28, 2008
WASHINGON (MarketWatch) -- Frederic Mishkin on Wednesday submitted his resignation from the Federal Reserve's board of governors, effective Aug. 31.
Mishkin, who has been a board member since September 2006, plans to resume teaching in the fall at Columbia University's business school, according to a statement from the Fed.
The Fed's interest-rate-policy meeting Aug. 5 meeting is to be Mishkin's last.
"It has been a great privilege to serve my country in this capacity," Mishkin wrote in his resignation letter to President Bush. [more]
The ratio of securitization vs loans is more than 7:1 while historically they have been closer to 1:1 [more]
"It's amazing how everything is about oil these days..." - Tastylunch [more]
Okay, I'm not old enough to remember Indiana Jones premier in the movie theatre, but when I was a kid and I saw Indiana Jones for the first time I really...[boring story removed] [more]
From my understanding the premium services use the Discussion Boards, but not to sound harsh --- The discussion boards are prehistoric. They remind me of the good ol' days of newsgroups and old style message boards. I had CompuServe as my ISP, AOL 2.0 was coming out, and we had to type queries to get everything. [more]
How many times have you listened to these market fools say "Excluding financials the earnings for the S&P is fine." It's amazing most of these people get paid six-figure salaries to figure out absolutely nothing. I'm not one of the super bears of the MF, but I think once the dust settles the U.S. marketplace will discover normal economic growth to be much slower. Unfortunately, the market is full of people who don't understand this, but when they do we would likely spend more than 18 months chasing the October 2007 peaks. Does anyone have any logical reason why the market value should surpass peak value in a lesser time frame?
"...When the peak occurs is not as important as the realization that the peak is coming." [more]
I am a proponent of non-lethal weapons. I think they are good idea, but a company with a good idea and/or product doesn't mean it rightfully becomes a good stock. I think that goes double for this stock. While they may have the best product in their field they aren't making the best product overall. More alarming is that the Department of Defense has increased expenditures for research into non-lethal weapons extensively over the past 3 years. Nearly zero has been to advance research into the more mature field of Tasers. [more]
First off you must agree that you are 18+ to view this video. If you are not 18+ and your parents walk in and ground you, spank you, ship you off to boot camp, or eventually sell you into slavery for 15 gallons of Unleaded 85 for watching this explicit content - It ain't my fault... [more]
Little changes... everyone is spending more time and energy defining terms of problems while ignoring them altogether.... Considering the U.S. consumer is 70% of the national economy it is foolish to ignore them. However, our trustworthy analyst remain puzzled and seem to be doing just that and defining our problems out of existence. Now, I don't happen to work at National City where they sold all their umbrellas, sweaters, and rain coats because they think the sky is clear and blue everyday, but I find it amazing that the (foreward thinking)market seems to be as optimistic and ignoring the lower growth and tremendous headwinds ahead. And, since the market is not efficent and those who believe so suck at simple math, I will be waiting for another correction soon as the S&P approaches 1,450 [more]
After double bottoming in the D.I. but not going lower than 70 in the dollar I've been guessing the U.S. Peso is due for a short-lived rebound. I'd love to take this news as a sign of health for the 'greenback' but I have my doubts until fiscal policies dramatically change.... [more]
Pairing agriculture and bubble together will work out as well as pairing Tom & Jerry together in your living room...
May 12, 2008 (search tags: food, egypt)
As if there were any doubt that banking stocks are still toxic, you can listen to the top bank analyst (most honest) tell the truth about Citigroup, JP Morgan and the entire industry...
Okay, okay.... I don't want to fall into the large clump of Jim Cramer bashers.... I'm actually happy that his personallity helps to encourage a large amount of new investors to expand their knowledge of investing. [more]
GM (genetically-modifiied) foods have been met with much resistance and the topic of great debate for years. However, there is a growing shift of support... I own Syngenta and Monsanto (even though I think Monsanto is a terrible social company I am a piggish capitalist ). I am very bullish on my shares of Syngenta after their acquisition of UAP Holdings from a valuation standpoint. There aren't many choices in this field of GM producers, but I like these companies with high exposure to overseas markets and Syngenta stands out with Monsanto. Bunge seems like a sound idea with a high exposure to soybeans and a growing fertilizer division... I just don't like the history of their management, balance sheet, cash flow, or insider transactions. Their directors seem very shady in their corporate dealings. [more]
The Federal Reserve wants to devalue the currency even faster. The hopes of Paul Volcker Fed action is mythical... [more]
I don't even need to comment on this. Sadly, when I was in the military I actually bought one of these. I guess it makes it easier for the goverment to pay government salaries when they issue debt from debt. I wonder if we do that with anything else or if we will just continue to complain about soverign wealth funds? [more]