How good has the stock market's run been since September? The S&P has now gone 92 days without falling below its 50-day moving average, something that's occurred only 17 times since 1928; stocks have gone 30 days without falling through their 10-day MA - a feat never accomplished going back 82 years. [View news story]
gotta thank bernanke on this one... until things blow up and then everyone skewers him :S
ICSC Retail Store Sales:-3.2% W/W, vs. +0.4% last week. +3.5% Y/Y, vs. +3.6% last week. The end of holiday season shopping resulted in soft sales for the week. [View news story]
In its latest move aimed at slowing credit growth and inflation, the PBOC raises interest rates by 25 basis points. A Morgan Stanley economist notes that today's bump will have more of an effect than a hike after the New Year because of the way adjustable rate loans are reset in China. Merry Christmas! [View news story]
if you read his speeches in 2002.. he goes on to explain what happens when the fed has 0% rates and possible deflation... he has been saying the same stuff for 10years. bernanke has been consistent at the very least. maybe he's wrong.. but he's consistent and clear in his views.
KC Fed President Thomas Hoenig: Markets are far calmer than in 2008 - and risks of QE2 now outweigh any small benefits. Trillions are already idle; dumping more trillions in would do little to spur investment and "we have no idea" where inflation might settle afterward. Economy's slowed, but "it has not faltered." [View news story]
The current economic situation is "wholly unsatisfactory," Fed's Dudley says, noting "unemployment is too high, inflation is too low and the economy has only moderate forward momentum." One possibility he raises (besides further bloating the Fed's balance sheet): an explicit inflation objective. [View news story]
dw reid... the conclusion is not so pretty as semi-depression. my generation is basically fked, because when you can't afford basic goods... guess what happens?
The current economic situation is "wholly unsatisfactory," Fed's Dudley says, noting "unemployment is too high, inflation is too low and the economy has only moderate forward momentum." One possibility he raises (besides further bloating the Fed's balance sheet): an explicit inflation objective. [View news story]
lol where is the deflation? all commodities are exploding. fed is a bunch of idiots.
How good has the stock market's run been since September? The S&P has now gone 92 days without falling below its 50-day moving average, something that's occurred only 17 times since 1928; stocks have gone 30 days without falling through their 10-day MA - a feat never accomplished going back 82 years. [View news story]
ICSC Retail Store Sales: -3.2% W/W, vs. +0.4% last week. +3.5% Y/Y, vs. +3.6% last week. The end of holiday season shopping resulted in soft sales for the week. [View news story]
In its latest move aimed at slowing credit growth and inflation, the PBOC raises interest rates by 25 basis points. A Morgan Stanley economist notes that today's bump will have more of an effect than a hike after the New Year because of the way adjustable rate loans are reset in China. Merry Christmas! [View news story]
Bernanke Waffles [View article]
KC Fed President Thomas Hoenig: Markets are far calmer than in 2008 - and risks of QE2 now outweigh any small benefits. Trillions are already idle; dumping more trillions in would do little to spur investment and "we have no idea" where inflation might settle afterward. Economy's slowed, but "it has not faltered." [View news story]
How a Financial Crisis Morphs Into a Currency War [View article]
The current economic situation is "wholly unsatisfactory," Fed's Dudley says, noting "unemployment is too high, inflation is too low and the economy has only moderate forward momentum." One possibility he raises (besides further bloating the Fed's balance sheet): an explicit inflation objective. [View news story]
The current economic situation is "wholly unsatisfactory," Fed's Dudley says, noting "unemployment is too high, inflation is too low and the economy has only moderate forward momentum." One possibility he raises (besides further bloating the Fed's balance sheet): an explicit inflation objective. [View news story]