Tag Archives: Fed

Should the Fed keep quiet?

I encourage newsmakers to talk whenever they want to — or even when they would rather not. An informed public is a good thing, after all.

Ben Bernanke

Ben Bernanke

But Paul La Monica, assistant managing editor for CNNMoney, makes an interesting case for tell Federal Reserve Chairman Ben Bernanke to clam up.

Bernanke and the Fed deserve credit for helping “save the U.S. economy from a fate that could have been much worse in 2008.”

But the markets would be better off without the Fed’s new “transparency” policy, La Monica says.

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Why China won’t take over U.S. banking system

If the Fed’s decision to allow a Chinese bank to buy a U.S. bank has you worried about a communist takeover of our entire banking system — stop worrying.

China isn’t about to “play a meaningful role in the U.S. any time soon,” according to a Forbes report.

Five Reasons China’s Banks Are Not Taking Over The U.S. Banking System

Forn those who prefer a paranoid view, here’s Michael Savage on the Fed’s decision.

Pity the poor financial analysts — the economy is improving

Beating expectations has become the 1Q norm. The consenus among financial analysts was that corporate America had already squeezed as much profit as it could from a weak economy.

The analysts couldn’t have been more wrong. So far most companies have reported better than expected earnings. And by most, I mean about 8 out of 10.

It started with Alcoa, which reported a profit of $94 million, or 9 cents a share. Analysts were expecting a loss of 4 cents per share. On Tuesday, Apple surprised the experts with a profit of $11.6 billion, a whopping $12.30 a share. Analysts predicted $10.06 per share.

In between a slew of other companies have reported positive earnings.

If the experts could be so wrong about 1Q earnings, maybe the economy is doing better than they’re telling us. Or maybe this will be the highwater mark for 2012. I’m thinking the economy is slowly getting better and profits will be the norm this year.

Here’s a different view from Randall W. Forsyth writing for Barrons.com:

This May Be as Good as It Gets for Stocks in 2012

Here’s what the Fed said today:

Fed: Economy growing modertely; no policy changes

Deadline nears for Knoxville Economics Forum spring event

Registration for the Knoxville Economics Forum’s spring event featuring Dennis Lockhart, president of the Atlanta Federal Reserve and a member of the Federal Open Market Committee, will be closed on Monday, the forum announced.

The event will be held Friday, April 8, at Club LeConte in the First Tennessee Building, 800 S. Gay St. The breakfast meeting starts at 7:30 a.m. Lockhart is scheduled to speak at 8 a.m.

Tickets are $20, payable at the door.

Click here to reserve a seat.

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