An interesting trend has developed in the Federal Reserve’s asset holdings, a trend that the newly created term auction facility is designed to accelerate.
Author Archives: James_Hamilton
Term auction facility
Will a new, improved discount window solve our problems?
A curious market reaction
I’m trying to make sense of the strong reactions to yesterday’s action from the Federal Reserve.
More on the new mortgage plan
While the plan may not be as big a deal as we thought, the problem still is.
Some questions about the new mortgage plan
Part of this plan sounds like an unambiguously good idea. But most of the coverage I’ve seen is ignoring what should be the key questions.
November auto sales down modestly
Weakness in autos, but it’s not as bad as it could be.
Risk premia creeping higher
Since Halloween, financial markets seem to be getting spooked again.
New GDP figures
How bad can things be with almost a 5% growth rate of the real economy?
Relief on oil supplies
We’re finally starting to see signs of gains in global oil production.
Oil and the dollar
The dollar falls and oil prices go up. So the two must be related, right?