Newsclips
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August 25, 2014
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The Wall Street Journal – Jon Hilsenrath: In Jackson Hole, Central Bankers and Easy Money Collide Central bankers gathering here this week confront a global economy that has once again disappointed, leaving them reluctant in some places and unable in others to turn off spigots of easy money employed since 2008 to boost growth. Federal… Continue reading Yellen Speaks Today
MarketWatch.com – Why the Fed may never do QE again The Federal Reserve is desperate to raise rates so that they can lower them again. Think about that statement for a second. By definition, every day that goes by, we are getting closer to a recession. Yes — a recession. Business cycles still exist, and… Continue reading The Velocity Of Money And End Of QE In The U.S.
<Click on chart for larger image> Fortune – Have Americans really fallen out of love with driving? The number of miles Americans are driving has remained stagnant over the past several years. Is this the end of American car culture? The American consumer has come a long way since the depths of the Great Recession.… Continue reading Miles Driven In The U.S. Continues To Remain Flat
The Economist – Fixed rates The money-spinners await their fate But the big worry is what regulators are likely to say and do. Although they have yet to detail their case against banks, their investigations are focusing on whether FX traders bilked clients by fiddling widely-used daily benchmarks. There is nothing sophisticated about the alleged… Continue reading The Lack Of Volatility In The Currency Markets
The Economist – Be bold, Mario The European Central Bank should learn from the success of unconventional policies in America and Britain CENTRAL bankers from around the world gather this week in the foothills of the Teton mountains to hike trails and share gossip and ideas. It is an apposite time to swap notes: the… Continue reading QE In Europe
New York Post – Fed optimism will give way to total economic meltdown In case you didn’t know it already, the bond market really sets interest rates. What I mean by that is: Investors from all over the world decide, for example, if they’d be willing to lend the US government money for 10 years… Continue reading Economic Meltdown Coming?
The Telegraph – The Nobel guru fears it may be nigh impossible to stop deflation A quick word from Lindau, where half the world’s Nobel economists are gathered on a beautiful island with cobbled streets on Lake Constance, looking out across the Alps. It is a Wittlesbach jewel. Christopher Sims – a monetary expert, who… Continue reading Stopping Deflation
Bloomberg Businessweek – Robots to Crisis Scars Shape Papers: Jackson Hole Journal Robots and computers don’t steal as many jobs as some believe, and automation actually benefits many workers, Massachusetts Institute of Technology Professor David Autor said in his paper. A key reason humans aren’t obsolete yet is that simple tasks such as visually identifying… Continue reading Robots In The Workplace
The Wall Street Journal – Bedbug Scourge Comes to Pimco A bunch of bloodsucking parasites have invaded Pimco. The New York offices of Pacific Investment Management Co., the massive asset management firm, are being fumigated this week after bedbugs were found there. A company spokeswoman described the invasion as an “isolated issue with insects.” The… Continue reading Parasites Invade Pimco Offices
Bloomberg.com – Fed Officials Prepared for Faster Rate Increase as Data Improve Improving labor markets are bringing Federal Reserve officials closer to a time when they can get back to traditional central banking, where there’s a tighter connection between changes in economic data and movements in short-term interest rates. The Federal Open Market Committee last… Continue reading The Fed Minutes