Rich Tricks

Balancing Inflation and Growth Part 7 of 13

Fri, 18 Sep 2009 20:29:59 +0000

Balancing Inflation and Growth Part 7 of 13 At the same time, I am fully aware that the FOMC must be careful to not undermine that recuperative process. Here, of course, I refer to the potential harm to the consumer and the business and future trading software financial sectors alike by unwittingly allowing [...]

Balancing Inflation and Growth Part 6 of 13

Thu, 17 Sep 2009 03:25:01 +0000

Balancing Inflation and Growth Part 6 of 13 The woes of financial operators should not be overlooked, of course. There is a palpable risk that their pathology will lead to credit constriction that will, in turn, trigger an economic contraction. But thus far, the Cassandras on Wall Street, in the press and on [...]

Balancing Inflation and Growth Part 9 of 13

Tue, 15 Sep 2009 03:45:01 +0000

Balancing Inflation and Growth Part 9 of 13 Recent readings on inflation have not been encouraging. The rate of increase in the core personal consumption expenditures price index, or core PCE that is, what people buy, except food and energy was 2.2 percent over the 12 months ending in January. Yet, its headline [...]

Balancing Inflation and Growth Part 4 of 13

Mon, 14 Sep 2009 02:15:01 +0000

Balancing Inflation and Growth Part 4 of 13 The Federal Reserve, unlike the Bank of England, has a dual mandate. We are charged with creating the monetary conditions to support sustainable noninflationary employment growth. We must keep our eyes on two things: economic growth and price pressures. Of course, this is easier said [...]

Balancing Inflation and Growth Part 2 of 13

Sun, 13 Sep 2009 01:45:00 +0000

Balancing Inflation and Growth Part 2 of 13 When I finished, Alan looked down the table and said, President Fisher, was that Henry V? Yes, Mr. Chairman, I replied. I know Ive reached retirement age, said the ancient chairman. I went to high school with that guy. Would that we could today enjoy commodity [...]

Balancing Inflation and Growth Part 12 of 13

Fri, 11 Sep 2009 11:50:03 +0000

Balancing Inflation and Growth Part 12 of 13 As a result, trade in services is one of the most rapidly growing components of global trade. Thus, even the available supply of architects or petroleum engineers or software designers or medical technicians or lawyers or commodity trading broker must increasingly be considered in the [...]

Balancing Inflation and Growth Part 10 of 13

Thu, 10 Sep 2009 03:10:00 +0000

Balancing Inflation and Growth Part 10 of 13 There was a time, back when I was an outside observer of the Federal Reserve, when commodity future option trading the Fed practiced what some have dubbed opportunistic disinflation. Beginning in the mid-1980s, the FOMC recognized that while recessions sometimes occur, they could not be [...]

Balancing Inflation and Growth Part 3 of 13

Wed, 09 Sep 2009 00:55:04 +0000

Balancing Inflation and Growth Part 3 of 13 Indeed, as I speak, central bankers here and across both the pond and the channel feel besieged by a seemingly insurmountable foe delivering retribution for our having been complacent, if not smug, during those happier days. Like Henrys troops at Agincourt, it may appear that [...]

Balancing Inflation and Growth Part 8 of 13

Mon, 07 Sep 2009 19:35:03 +0000

Balancing Inflation and Growth Part 8 of 13 Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, [...]

Balancing Inflation and Growth Part 5 of 13

Sun, 06 Sep 2009 07:05:04 +0000

Balancing Inflation and Growth Part 5 of 13 Some argue it is the slowing economy. Even if you foresee the most likely U.S. scenario as a period of flat growth for a few quarters, followed later in the year by a return to potential growth of about 3 percent, one cannot help but [...]

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