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941 minfinanze cipro We will stay in Russia untill agreement reached oimbruglione \| 20 mar : 09:47
Commenti: 133 Utente 29 mar : 22:16 Replica a questo	oppure l'ha già fatto fuori e quello che parla è un sosia russo

941 minfinanze cipro We will stay in Russia untill agreement reached oldtrader \| 20 mar : 10:00
Commenti: 249 Utente 15 mar : 11:14 Replica a questo	stasera riunione del formc rumors di exit QE occhio amici

Re: 941 minfinanze cipro We will stay in Russia untill agreement reached giuppolo \| 20 mar : 10:05
Commenti: 1215 Utente 14 feb : 16:55 Replica a questo	ciao old, puoi spiegarti meglio?

941 minfinanze cipro We will stay in Russia untill agreement reached giovdall | 20 mar : 10:51

Commenti: 38

Utente 16 set : 14:08
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from Saxo bank
FOMC
I hopefully covered the relevant aspects of today’s FOMC meeting in yesterday’s preview, as the main focus is on whether there is any mention of fear of effects on credit markets from existing Fed policy. The usual inspection of the degree to which the language on the economy will be secondary to this and to whether we get another dissenting voice or two in addition to Esther George’s dramatic dissension to the statement after her first meeting as a voter. The most dramatic dissension would be one from Stein, who is on the Board of Governors and has been more prominent in discussing the risks of distortions in credit markets from Fed policy. It’s hard to believe that he would dissent, and instead, if he really has a point that he would like to get across, it is more likely that he would insist on a key phrase or two in the monetary policy statement, no matter how gentle, that sends a key message in exchange for his vote in favour of the statement.

http://www.tradingfloor.com/posts/cyprus-stand-uk-budget-fomc-520901289

FOMC on tap tomorrow:
The Wall Street Journal’s Hilsenrath was out yesterday with a short piece telling readers to pay attention to Jeremy Stein, a Fed Board of Governor’s member that has been making the most noise on the risks of a credit bubble forming due to Fed policy. He gave a long speech back in February about the risks that credit markets were becoming overheated and is probably one of the key forces behind the noise in between the lines on “unintended consequences” of Fed policy, a phrase that even Bernanke himself has uttered on at least one occasion. I have long been convinced that this is the angle from which the Fed’s monetary policy gets it into trouble in the more immediate time frame rather than the longer term problem of inflation (which is easier to keep down for longer due to the output gap / high underemployment) and the ongoing desire in the private sector to continue to deleverage.

The question is as equities have stretched to all-time highs (yes, the S&P500 is just off those all time highs, but the equal-weighted S&P500, representing the average equity in the index, is almost 15% above the 2007 high.) and as junk bonds have moved into bubble territory, whether the Fed begins to step up the cautionary rhetoric – more from the worry that policy is raising the risk of a disruptive move in financial markets. It may be too late for this thinking - if confidence on the strike price of the Fed put is lost, any hint of an “irrational exuberance” turn of phrase from the Fed could prove disruptive indeed. This is the key angleto watch with tomorrow’s monetary policy statement and Bernanke press conference.

http://www.tradingfloor.com/posts/cyprus-drags-fomc-uk-budget-tomorrow-1790490884