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steve2470
steve2470's Journal
steve2470's Journal
April 25, 2014
Flood watches/warnings in parts of FL, GA, SC, NC, MS, LA, AR, VT, NY, MI, WI, MN, ND and WA
April 23, 2014
Fire weather advisory for parts of NM, TX, OK, CO, KS, VA, MD, DE, PA, NJ, NY, CT and WV
April 22, 2014
In the aftermath of the 2008 financial crisis, economists debated whether the Federal Reserve should be involved — at all — in pricking bubbles. The housing bubble, and subsequent financial crisis, had led to a disastrous result: Hundreds of banks had failed and millions of Americans had lost their jobs. At the time, many still believed the emergence of future bubbles could only be prevented through financial regulation, and not through interest rate hikes.
Today, however, as interest rates remain at historically low levels and are expected to stay low at least into next year, there is growing concern among investors, economists and central bankers that a new bubble has emerged, and that increased regulation isn’t enough to stop it. Led by a powerful Fed governor, there’s a growing call for the Federal Reserve to raise interest rates to prevent this bubble from growing.
So what bubble are we talking about? It’s not the one you might expect.
Most of us worry about bubbles in housing and stocks because that’s what we own. But those markets are not really what worries the Fed the most. Central bankers are more concerned about the far bigger, but less sexy, bond market. That’s because a bubble exploding in this market could lead to another devastating financial crisis.
much more at link
The Potential Bubble the Federal Reserve Cares Most About
http://fivethirtyeight.com/features/the-potential-bubble-the-federal-reserve-cares-most-about/In the aftermath of the 2008 financial crisis, economists debated whether the Federal Reserve should be involved — at all — in pricking bubbles. The housing bubble, and subsequent financial crisis, had led to a disastrous result: Hundreds of banks had failed and millions of Americans had lost their jobs. At the time, many still believed the emergence of future bubbles could only be prevented through financial regulation, and not through interest rate hikes.
Today, however, as interest rates remain at historically low levels and are expected to stay low at least into next year, there is growing concern among investors, economists and central bankers that a new bubble has emerged, and that increased regulation isn’t enough to stop it. Led by a powerful Fed governor, there’s a growing call for the Federal Reserve to raise interest rates to prevent this bubble from growing.
So what bubble are we talking about? It’s not the one you might expect.
Most of us worry about bubbles in housing and stocks because that’s what we own. But those markets are not really what worries the Fed the most. Central bankers are more concerned about the far bigger, but less sexy, bond market. That’s because a bubble exploding in this market could lead to another devastating financial crisis.
Andrew Flowers used to work for the Federal Reserve Bank of Atlanta, which is part of the Federal Reserve system.
much more at link
April 21, 2014
Stickied thread: Source for forecasts and information for WW group
Severe weather map information including color-coded legend: http://www.wunderground.com/severe.asp
Color-coded legend closeup:
Tropical storm information: http://www.wunderground.com/hurricane/
Dr. Jeff Masters' blog: http://www.wunderground.com/blog/JeffMasters/show.html
National Hurricane Center: http://www.nhc.noaa.gov/cyclones/
Great source for global weather watching: https://www.ventusky.com
I'll update this thread as appropriate.
April 21, 2014
Damn !
White House declines comment on petition to deport Justin Bieber
http://www.cnn.com/2014/04/18/politics/deport-justin-bieber-petition/Damn !
April 21, 2014
How much candy did you and/or your kids get for Easter ?
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Gender: Do not displayMember since: Sat Oct 16, 2004, 01:04 PM
Number of posts: 37,457
