Goldman Sachs: Fed Could Cool Inflation By Dumping Agencies

… Selling its [the Fed's] billions worth of MBS, notes [Goldman Sachs economist] Mr. Hatzius, would drive up mortgage rates and cool the housing market, which in turn should slow the economy. – WSJ1

In other news, GS has applied for FDA approval to use the Thompson submachine gun to fight high blood pressure.

Another possibility is that their econo-analysts have an office pool on to see just what level of bogosity the scribes of NY can tolerate without noticing.  Anyway, the article has a really nice chart summarizing the Fed’s reported holdings from the H.4.1 :)

———————

[1]: "MBS — Fed’s Inflation-Fighting Weapon", by Mark Gongloff, , September 3, 2009.

Share

Related Posts

  1. Tremonti and Johnston do Goldman Sachs (April 29, 2009)
    Tagged , , , in Canadian Market, Finance, Foreign Markets, Politics

  2. CBC's Tremonti Nails Goldman Sachs (April 27, 2009)
    Tagged , in Finance, Politics

  3. Goldman Sachs vs Mike Morgan: Lese Majeste comes to Wall Street (April 13, 2009)
    Tagged , , , in Finance, Politics

  4. Foreign Cenbanks Suddenly Dumping Agencies, Buying Treasuries – Fed Report (September 6, 2007)
    Tagged , in Federal Reserve

  5. Stealth Wealth: Goldman's Swag is Sneaking Away (August 4, 2009)
    Tagged , , , , in Finance, Politics

Written by

More posts by:

1 Comment for this entry

  1. jryskmpr says:
    September 3, 2009 at 11:48 AM

    If you knew this guy’s lousy prediction track record, you would not bother reporting what this little monkey has to say.

Comments are now closed.