And I am off to check his math… Keith: >What does it mean to focus on jobs?: The conventional Beltway logic is that the President used his State of the Union Address to “pivot to focus on job creation.” We have been told for a week or two that…
Hoisted from Comments: Can Someone Please Tell Me How This Is Supposed to Be Good Policy?: Rickstersherpa said… >I can only guess that Larry and Tim think this is 1993-94 again and if they signal Fiscal rectitude (also known as making the world sa…
There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a little bit better than …
Daniel Mminele, Deputy Governor of the South African Reserve Bank, today strongly defended its inflation targeting policy, the day after the Treasury announced a review of the scheme.
As South Africa’s [...]
The days of banking self-rule are over – Davos policymakers must make tough choices on regulation and rewardsThe mood in Davos is more cheerful this year. That’s hardly a surprise since the world economy was having a near-death experience a year ago. Industrial production was collapsing and world trade contracting at rates similar to those [...]
Andrew Sentance hinted today that the UK central bank will tighten policy, saying that while current conditions persist, it “will be difficult for the MPC to keep inflation on target”.
“Through [...]
In essence, the Bank of Japan has done nothing and said nothing after its monthly meeting today. Policy remains on hold and pretty much the only change in language is [...]
Lending levels may be too high in aggregate, but farmers aren’t getting enough of the pie. So says the Chinese central bank, which has called for financial innovation and increased [...]
There is actually a racehorse called Quantitativeasing – presumably running in Keynesian coloursI have always loved the sport of kings (and sheikhs) but never, for reasons I don’t need to go into, owned a racehorse –though I was once part of a syndicate which owned a greyhound.Anyway, my knowledge of horseracing used to be rather [...]
Why are people selling Goldman today? I’m not a trader and I would caution against taking any big positions based on policy that still lacks details. But it seems to [...]