Archive for January, 2011

“Fed Keeps Pedal to the Metal As Egypt Unrest Weighs on Markets”

“Fed Keeps Pedal to the Metal As Egypt Unrest Weighs on Markets”
“The Fed’s policy statement on Wednesday afternoon said emphatically what we have discussed here endlessly: Nothing is going to stop these guys from completing their mission. Nothing. Nunca, nada, niete. The guvs said neither the most recent pick-up in up in economic growth nor the continued...
January 31st, 2011 | Blogs, State of Money | Read More

“Chronicle of a Debt Foretold” – Economist

“Chronicle of a Debt Foretold” – Economist
“An odd thing occurred this week. Britain’s national debt jumped by £1.3 trillion, virtually 100% of GDP, and hardly anyone paid attention. The bad news was crowded out by the surprise 0.5% drop in national output in the last quarter of 2010. There was reason to this apparent insouciance. What...
January 28th, 2011 | Popular Articles, State of Money | Read More

“U.S. Must Reduce Deficit, IMF Warns” – Washington Post

“U.S. Must Reduce Deficit, IMF Warns” – Washington Post
“U.S. officials must act quickly to control government deficits or face slower growth and even more difficult choices in the future, the International Monetary Fund said Thursday in a report criticizing the tepid U.S. response to its rising public debt. The IMF warning comes as federal officials...
January 28th, 2011 | Future of Money, Popular Articles, State of Money | Read More

“The Fed Has No Clothes” – O’Driscoll

“The Fed Has No Clothes” – O’Driscoll
“Philadelphia Fed President Charles Plosser gave a major speech on Monday at the Central Bank of Chile. In the polite language of central bankers, the speech constitutes a systematic criticism of not only current Fed policy but of the Fed’s entire response to the financial crisis. Plosser’s...
January 28th, 2011 | Popular Articles, State of Money | Read More

“Forex focus: should Britain prepare for ‘stagflation’?”

“Forex focus: should Britain prepare for ‘stagflation’?”
“Goodness, the market is jittery. The moment the latest economic growth figures were announced yesterday morning, sterling fell 1.25 per cent against the euro and one per cent against the dollar within minutes. Obviously, no-one was expecting that GDP would show a drop of half a per cent in the...
January 27th, 2011 | Future of Money, Popular Articles | Read More