“QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits (Mar 2013)

Source: Zerohedge – “QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits

Notable excerpts:

With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words… and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.

  • FISHER SAYS QE WAS A MASSIVE GIFT INTENDED TO BOOST WEALTH

Continue reading

Japan cabinet approves $53 billion extra budget to fund stimulus (Dec 2013)

Japan's Prime Minister Shinzo Abe attends a news conference at his official residence in Tokyo

Source: Reuters – Japan cabinet approves $53 billion extra budget to fund stimulus

Notable excerpts:

Japanese Prime Minister Shinzo Abe’s cabinet approved on Thursday a $53 billion extra budget for the current fiscal year to fund stimulus steps announced last week aimed at offsetting the blow from a planned increase in the national sales tax.

Continue reading

Japan Wages Pressured by Fastest Inflation Since 2008 (Dec 2013)

BOJ

Source: Bloomberg – Japan Wages Pressured by Fastest Inflation Since 2008

Notable excerpts:

Japan’s inflation accelerated to the fastest pace since 2008 last month, bringing the rate closer to policy makers’ target while threatening to erode household spending power unless employers boost wages.

Continue reading

After the Taper: The Fed’s Non-Plan Is Unchanged

inflation

Source: Mises.org – After the Taper: The Fed’s Non-Plan Is Unchanged

As an economist, it is getting more difficult to understand the logic underlying current monetary policy in the U.S. There are two main channels by which economists think monetary policy can influence growth and employment. The first is to lower interest rates to spur investment and consumption spending. The second is to induce inflation so real wages drop, spurring output and employment.

Continue reading

U.S. Stocks Rise to Records as GDP Growth Tops Estimates (Dec 2013)

Dow_Jones

Source: Bloomberg – U.S. Stocks Rise to Records as GDP Growth Tops Estimates

Notable excerpts:

U.S. stocks rose, with the Standard & Poor’s 500 Index capping its biggest weekly gain since October, as data showing faster-than-estimated growth boosted confidence in the world’s largest economy.

Continue reading