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  • Jim Puplava: Janet Yellen To The Chair And Michael Woodford Is The New FED's Play Book. GLD, GDX, MUX, TNR.v 1 comment
    Sep 23, 2013 5:49 AM | about stocks: ABX, TRRXF, MUX, GDX, GG, GLD, SLV, NEM, RGLD, AUY, SLW, GALXF, RDNAF, OROCF, LITHF, TLTHF, FMC, ROC, LIT, FCX, RIO, BHP, TCK, VALE, SSRI, PAAS, NG

    (click to enlarge)

    Bloomberg: Central bankers around the globe look to the economic theories of Michael Woodford for extraordinary methods to spur growth when interest rates are already near zero. Photograph: Ryan Pfluger/Bloomberg Markets

    Jim Puplava is talking about "FED's Big Flip Flop" in his big picture this week. He is calling for Janet Yellen to be the next Chairperson of the FED. Her dovish monetary policy will be highly beneficial for our Gold Bull. Jim sees the transition from unemployment target to the GDP based target for the FED's monetary policy. Quite surprising in its honesty were two remarks from Bernanke: about unexpected tightening effect on the markets after FED's announcement about the tapering of QE - when interest rates have almost doubled from the spring low. And Ben's admission that unemployment rate does not provide the clear employment picture and is affected the employment participation rate.

    Michael Woodford has become the new FED's play book after his monetary theories were widely adopted by the central banks around the world after Jackson Hole in August 2012. You can find his Bloomberg profile here.

    Now we have more clues to understand why Eric Sprott is selling Art in order to buy more shares of Gold and Silver mining companies.

     

    Jim Puplava's Big Picture: The Fed's Big Flip Flop


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  • Steve Soden
    , contributor
    Comments (809) | Send Message
     
    I believe Robert Reich should be our next Federal Reserve Chairperson.
    No offense to others but we need a chairperson dedicated to growth at this time.
    Reich recommended President Obama and I see no reason The President shouldn't return the favor.
    GROWTH is needed at all costs..........Damn the Torpedoes!
    25 Sep 2013, 04:14 AM Reply Like
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