Comments on: Fourth Annual SNS Predictions Dinner in New York

By: mark anderson

mark anderson — Mon, 10 Nov 2008 04:16:18 +0000

One of my predictions from the New York Dinner a year ago, at end of 2007, was that the Fed had lost control of the economy. From that perspective, I’d suggest that the FT is only a year late to this realization.

By: Tim Coldwell

Tim Coldwell — Mon, 10 Nov 2008 02:16:14 +0000

Evidence that the EU leaders are indeed searching for a solution to the financial crisis

http://blogs.ft.com/maverecon/2008/11/evidence-that-the-eu-leaders-are-indeed-searching-for-a-solution-to-the-financial-crisis/

Looks like they can’t even find their name cards. Tim

By: Tim Coldwell

Tim Coldwell — Thu, 06 Nov 2008 11:05:55 +0000

Fed capitulates: the central bank is broken

Or perhaps better, the entire banking system is broken.

For it appears that the US Federal Reserve has given up on the idea of easing stress on interbank and wholesale lending and is resigned to being the central bank-come-market-maker of last, first and every resort.

For some time now there’s been a debate about the direction of the Fed’s policy. Would we see target rates come down further? Quantitative easing? Massive T-Bill issuance in the open market?

http://ftalphaville.ft.com/blog/2008/11/06/17903/fed-capitulates-the-central-bank-is-broken/

A suitable subject for the NY dinner? Tim