Post Tagged with: "BOJ"

Notes From Underground: Japan’s BOJ … Seize the Day

Notes From Underground: Japan’s BOJ … Seize the Day

by / on 10/29/2012, 1:27 AM / in Today's Economy, Stock Market News

Monday night the BOJ will announce its newest and latest effort to stimulate the economy and most importantly try to undertake some genuine measures to weaken the YEN. The Japanese economy is suffering under the weight of an overvalued YEN. The YEN was only a minor problem when the global economy was experiencing strong growth but with the BRICs slowing and […]

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Poster used in the protests, "Not enough bread for so much chorizo (pork)", referring to political corruption.

Notes From Underground: A Question On Spanish Unemployment

by / on 10/04/2012, 1:32 PM / in Today's Economy, Platinum & Palladium News

Not Enough bread? A long time reader of the BLOG (hat tip, SM) called and posed an interesting question about the 25% unemployment rate to which the markets seem to continually refer. The reader has a friend whose son is living in Spain and maintains that the unemployment situation in Spain is not nearly as bad as economists say because of […]

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Notes From Underground: Back To the Sixties–Output Gaps or Phillips Curves?

Notes From Underground: Back To the Sixties–Output Gaps or Phillips Curves?

by / on 09/21/2012, 3:05 PM / in Today's Economy, Stock Market News

The FED hounds were unmuzzled after last week’s FOMC and “The Line it Is Drawn. The Curse It is Cast.” Bob Dylan must have been anticipating the difference of opinion that is developing within the Federal Reserve bank. In a speech last night, Dallas Fed President Richard Fisher said: “There are many superb PHD theorists among the 19 members of […]

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Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

by / on 09/20/2012, 12:20 PM / in Today's Economy, Stock Market News

And by the end of trading the YEN had reversed its initial weakness and wound up stronger–the 24-hour trading range was 79.20-78.25, with the settlement at 4:00 p.m. CST, 78.37. It seems that the market will not allow the BOJ (Bank of Japan) to do less than the ECB or the FED. BOJ Governor Shirakawa raised the asset purchase program to 80 […]

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Notes From Underground: FOR CHAIRMAN BERNANKE — WHEN DID MONETARY POLICY BECOME THE LABORATORY OF ACADEMIC THEORISTS?

Notes From Underground: FOR CHAIRMAN BERNANKE — WHEN DID MONETARY POLICY BECOME THE LABORATORY OF ACADEMIC THEORISTS?

by / on 09/14/2012, 2:15 PM / in Uncategorized

First, as I read the FOMC statement, it was painfully obvious that the impact of the Michael Woodford piece found willing adherents in the bowels of the Board of Governors of the Federal Reserve. The FED’s language: “IF THE OUTLOOK FOR THE LABOR MARKET DOES NOT IMPROVE SUBSTANTIALLY, the committee will continue its purchases of agency mortgage-backed securities …” Further, […]

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