Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Finance

  1. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCHTHE FED’S FAVORITE BIRD REMAINS THE HAWK AND PROMINENT ECONOMISTS MAKE UP DATA THAT DOESN’T EXIST" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCHTHE FED’S FAVORITE BIRD REMAINS THE HAWK AND PROMINENT ECONOMISTS MAKE UP DATA THAT DOESN’T EXIST

    Money Sup­ply For the week end­ing August 11TH, money sup­ply grew by $7.0 bil­lion to $7,728.1 bil­lion (as mea­sured by M2 on a sea­son­ally adjusted basis). Since the week end­ing March 24th sea­son­ally adjusted M2 has only increased by approx­i­mately 0.35% which means that M2 con­tin­ues to grow at a rate of less than 1% […] [read full story]

    Posted in: BANKS, Bernanke, Deflation, Federal Reserve, Finance, GDP, Inflation, M2, M3, monetary policy, Money Supply
  2. MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?" rel="bookmark">MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?

    This morn­ing I was a guest on FOX Busi­ness Net­work. FOX pro­vided a car and dri­ver to take me to the stu­dio. The dri­ver imme­di­ately started quizzing me on what I was going to talk about on tele­vi­sion. When I told him I would dis­cuss bank­ing and pub­lic mar­kets and that I am a for­mer […] [read full story]

    Posted in: Cox, Credit Crisis, Disclosure, Finance, FOX BUSINESS NETWORK, SEC
  3. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCHANOTHER WEEK OF HAWKISH MONETARY POLICY" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCHANOTHER WEEK OF HAWKISH MONETARY POLICY

    For the week end­ing August 4th, money sup­ply shrank to $7,720.7 bil­lion (as mea­sured by M2 on a sea­son­ally adjusted basis) which was approx­i­mately a $9 bil­lion decline in money sup­ply. Since the week end­ing March 24th sea­son­ally adjusted M2 has only increased by approx­i­mately 0.25% which means that it is grow­ing at a rate […] [read full story]

    Posted in: Bernanke, Federal Funds Rate, Federal Reserve, Finance, Inflation, monetary policy, Money Supply
  4. YODA AND MILTON FRIEDMANTWO TIMELESS CRUSADERS AGAINST THE DARK SIDE" rel="bookmark">YODA AND MILTON FRIEDMANTWO TIMELESS CRUSADERS AGAINST THE DARK SIDE

    25 years ago Mil­ton Fried­man was an eco­nomic Yoda teach­ing that money sup­ply was an ever present “Force” con­trol­ling the econ­omy. With a new finan­cial Death Star threat­en­ing, Fried­man is remem­bered by the Fed­eral Reserve’ Jedi Knights of money sup­ply. Before his death, Mas­ter Fried­man was the “mon­e­tarists” leader. He taught that money sup­ply deter­mines […] [read full story]

    Posted in: BANKS, Bernanke, Credit Crisis, Deflation, Federal Reserve, Finance, GDP, Inflation, Milton Friedman, monetary policy, Money Supply
  5. WHAT A DIFFERENCE A YEAR MAKES! – AUGUST 13, 2007 INTERVIEW ON CNBC WITH MARIA BARTIROMA" rel="bookmark">WHAT A DIFFERENCE A YEAR MAKES! – AUGUST 13, 2007 INTERVIEW ON CNBC WITH MARIA BARTIROMA

    It was a year ago that I appeared on CNBC and was inter­viewed by Maria Bar­tiroma. I dis­cussed the state of the bank­ing and credit mar­kets and the future direc­tion the U.S. econ­omy. After the inter­view I received e-mails and tele­phone calls telling me I was crazy and needed to “get real” about the future. […] [read full story]

    Posted in: BANKS, Bernanke, CNBC, Credit Crisis, Federal Reserve, Finance, monetary policy
  6. THE BRITISH BANKERSASSOCIATION RESPONSE TOLIBOR NEEDS TO BE DUMPED NOW”" rel="bookmark">THE BRITISH BANKERSASSOCIATION RESPONSE TOLIBOR NEEDS TO BE DUMPED NOW

    Brian Mairs of the British Bankers’ Asso­ci­a­tion (the “BBA”) appears to have responded to my recent blog arti­cle about LIBOR by post­ing a com­ment. I can­not con­firm that the posted com­ment was writ­ten by Mr. Mairs, but based upon blog track­ing soft­ware I believe that the com­ment was posted by some­one at the BBA and […] [read full story]

    Posted in: British Bankers Association, Finance, LIBOR
  7. LIBOR NEEDS TO BE DUMPED NOW" rel="bookmark">LIBOR NEEDS TO BE DUMPED NOW

    I am a critic of LIBOR’s use as a US bench­mark inter­est rate. With more than $350 tril­lion of out­stand­ing LIBOR indexed debt, a small error in LIBOR has a mas­sive dis­tort­ing effect on col­lec­tive bor­rower inter­est expense. US bor­row­ers are being over­charged because LIBOR over­states what it is intended to mea­sure. LIBOR has two […] [read full story]

    Posted in: BANKS, Federal Funds Rate, Finance, LIBOR, Wall Street Journal
  8. ECONOMISTS NEED TO CHECK FACTS BEFORE SPEAKING OUTTHE FED IS DOING A GREAT JOB" rel="bookmark">ECONOMISTS NEED TO CHECK FACTS BEFORE SPEAKING OUTTHE FED IS DOING A GREAT JOB

    Many “econ­o­mists” spent the last 9 months scream­ing that the Fed­eral Reserve’s inter­est rate pol­icy was going to ignite run­away infla­tion. These talk­ing heads were so inter­ested in lis­ten­ing to them­selves that they for­got to check the data and see whether Fed­eral Reserve pol­icy was infla­tion­ary or not.  As it turns out, since the mid­dle of […] [read full story]

    Posted in: Bernanke, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Inflation, Jenna Lee, monetary policy, Money Supply
  9. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 2 – GDP and US competitiveness)" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 2 – GDP and US competitiveness)

    Gross Domes­tic Prod­uct Two num­bers from this week’s GDP release for Q2 2008 caught my eye, (i) exports were up 9.2% and (ii) imports were down 6.6%. For sev­eral months I have been dis­cussing improv­ing US global com­pet­i­tive­ness and the sec­ond quar­ter GDP release sup­ports my analy­sis. US exports are surg­ing and US firms are com­pet­ing […] [read full story]

    Posted in: China, Competitiveness, Exports, Finance, GDP, Imports, Inflation, Manufacturing, New York Times, Trade, US Steel
  10. MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 1 – Money Supply and Federal Reserve Action)" rel="bookmark">MONEY SUPPLY AND ECONOMIC DATA WEEKLY WATCH (Part 1 – Money Supply and Federal Reserve Action)

    Money Sup­ply and Fed­eral Reserve Action Money sup­ply increased at a good pace dur­ing the week end­ing July 21st. Even so, M2 still remains less than 1% greater than the level achieved the week end­ing March 24th. While money sup­ply growth was strong dur­ing the third week of July, for the trail­ing 13 weeks money […] [read full story]

    Posted in: BANKS, Bernanke, Bush Administration, Credit Crisis, Federal Reserve, Finance, FOX BUSINESS NETWORK, Inflation, monetary policy, Money Supply