Discover a new way to find and share stories you'll love… Learn about Reading Desk

Post Profile

Phillips Curve Presages Deflation

Back of the envelope analysis:UE rate is now 6.7%.Almost certain to rise over next couple of months.Probably at 7% early in '09.The most optimistic estimates have recession ending about halfway thru '09.Stimulus program heavy on public works will be slow to implement.In recent recessions, UE has continued to rise for at least a year afterward.So a fairly optimistic scenario would have UE rising to 8% by YE '09 and staying there for a year.
read more


What On Earth Is The Fed Doing? They Should Wait Another Two Years Before Tightening

Business & Finance : Business Insider: Money Game (5 years ago)

Is the Fed Getting Ready to Tighten? Officials say no. But there’s a lot of speculation that the rise in the discount rate presages further action. Let’s hope that this is wrong. It’s worth noting that after the 2001 recession, the ... Read Post

Deflation is coming

Business & Finance : Zero Hedge (3 years ago)

Deflation is coming In going thru old research I found a note from Dave Rosenberg in March of '08, where he discusses Bernanke's decisions on rate cuts and points to his speech from 2002 on deflation as a road map for his options. A... Read Post

Bank Of Japan's Kuroda Resolute In Fight Against Deflation, Says Ready To Ease More

Business & Finance : Business Insider: Clusterstock (yesterday)

By Leika Kihara and Stanley White NAGOYA/TOKYO, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, a message that was partially echoed... Read Post

Copyright © 2011 Regator, LLC