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In 1981 he worried that the Fed was "the only game in town" and that it wasn't getting any help from Treasury in terms of fiscal policy.
E-mail address GO SIGN UP Share Tweet QUESTION FROM JONATHAN LEVY: Do you think Geithner rationalizes his performance as Fed President and Treasury in terms of the sacrifices he chose to make by pursuing a career in public service, rather than as a Wall Street "master of the universe?" JOHN CASSIDY: Good question.
QUESTION FROM JONATHAN LEVY: Do you think Geithner rationalizes his performance as Fed President and Treasury in terms of the sacrifices he chose to make by pursuing a career in public service, rather than as a Wall Street "master of the universe?" JOHN CASSIDY: Good question.
"So, very much this is the deadline that we have if we are to give the details for the Treasury in terms of releasing the £100m loan.
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They're fairly undervalued vis à vis treasuries, in terms of yield.
In terms of investment, Treasuries typically outperform stocks in a recession or bear market.
He hit out once again at David Cameron, saying: "We are not going to be bullied by a prime minister who has been caught red-handed bringing supermarkets into his office to tell them to give negative messages to the Scottish people or a treasury who has been caught red handed in terms of what they have been doing with the release of information from banks.
I don't have much sympathy with the moral arguments; all monetary regimes fix the price of something in terms of money: bonds, short-term treasury bills, foreign exchange, gold.
In terms of investment-grade bonds, or Treasuries, it makes more sense for people to buy the securities directly, given the returns in the 5%-7% area.
In addition, there are significant potential losses -- in terms of net foreign assets -- for China if their authorities sell Treasuries or otherwise undermine the value of the dollar (or intentionally roil markets) with negative comments.
In fact, ANAR is a golden treasury of selected, spun, and distorted statistics which ANAR said were indicators of the risk--all of which were cast in terms of test scores.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com