Super Fed Watch

Here are the Fed watch-articles I have linked to previously, nicely collected to a separate post. Have fun. Remember, you might feel powerless, prone to mishap and ridiculed, but you will never be as impotent as modern monetary policy.  Other similar posts are the collections UBS rogue trader and What happens if Greece defaults. Leave a comment, follow me on Twitter or email me.   Updated 16:30 GMT

 

21^st Sep

** Rosenberg: 10 reasons not to be short in front of the Fed decision – Pragmatic Capitalism

Views from Barclays, CRT, Nomura, MS, GS, CS, ICAP, Janney

** Happy Fed Day! Now Who’s Going to Be Disappointed? – MarketBeat / WSJ

Speculators Haven’t Piled Into Treasurys Ahead of Operation Twist – MarketBeat / WSJ

** Pushing on a String – The Big Picture

 

Presignaled: twist, lower interest on excess reserves or better communication.

** Don't expect miracles from the Fed – Humble Student of The Markets

Credit Suisse on where the market has mispriced Twist – alphaville / FT

Bernanke's Cheat Sheet: SocGen Lays Out The Probability Matrix Of The Fed's Six Options – ZH

Goldman Fires Another Warning Shot Across Bernanke's Bow – ZH

Goldman Says ‘Operation Twist’ Is Going To Be $300-$400 Billion – The Daily Capitalist

Comments on Rosenberg’s article on alternative Fed actions (below 18^th Sep)

Six Things the Fed May Announce Tomorrow (But Likely Won't); Would Any of Them Matter? Gaming the Reaction – Mish’s

On Eve Of Critical FOMC Decision, Republicans (Re)Send Letter To Bernanke Demanding No More QE – ZH

The Twist and Shout Should Be the Fed’s Next Maneuver: View – BB 

20^th Sep

Twist coming, says GS

 Goldman On What To Expect From Tomorrow's Fed Announcement – ZH

FOMC preview: Twist light now, nominal jobless/CPI targets later? – tradingfloor.com

Policy is as easy as it can get: only inflation (taxing money in the bank) and slow debt deflation are left.

 Fed: Out of Powder – Surly Trader

Too easy monetary policy risks an eventual loss of policy control

Fed is Measuring U.S. Economic Health by the Wrong Number – II

Flexible inflation targeting should not be the only target

Rethinking central banking – voxeu.org

19^th Sep

 Markets are pricing in further easing, so policy scope is limited.

Fed Runs Risk of Doing Less Than Investors Expect – NYT

 What’s a Fed to do on Wednesday? – Pragmatic Capitalism

Recent speech by Richard Fisher, President of Dallas Fed

(pdf) Of moose and men – BIS

Richard Alford, former NY Fed economist: Fed will almost certainly take stimulative steps, but not much, and not mucheffect should be expected.

The (Re)Education of Ben Bernanke and the FOMC – naked capitalism

Links to six recent articles

** Debating Central Bank Policy – The Capital Spectator

Rearranging the Deck Chairs – Tim Duy’s Fed Watch

FOMC Preview – Calculated Risk

18^th Sep

Maybe buy more long bonds, eliminate reserve interest rate, bond yield ceiling, buy European bonds (would also weaken dollar), higher inflation target, loans to private sector  
 ** Forget Operation Twist: Rosenberg Says Bernanke Will Shock Everyone With What Is About To Come – Zero Hedge