Post Tagged with: "fiscal cliff"

Notes From Underground: Four Central Bank Meetings, and, Oh Yeah, the Fiscal Cliff

Notes From Underground: Four Central Bank Meetings, and, Oh Yeah, the Fiscal Cliff

by / on 12/03/2012, 3:29 PM / in Today's Economy

The weekend news was rather sparse as the Greeks got their trust fund check from the overlords in Brussels. The Greeks need to be leery of Eurocrats bearing gifts. The Sunday news shows in the U.S. highlighted the vast chasm between Speaker Boehner and Secretary Geithner. There was finger-pointing all around about as to which group was holding up the […]

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Notes From Underground: Outliers and Out Right Liars

Notes From Underground: Outliers and Out Right Liars

by / on 11/06/2012, 2:58 AM / in Today's Economy

Yes, the U.S. Presidential election is finally here. After the POLITICAL-INFO COMPLEXhas spent the $6 billion on various political campaigns, we are left wondering why anyone would contribute money to feed the monster and prolong our agony. I know the answer and the “road to political hell is not paved with good intentions.” There are so many polls predicting a […]

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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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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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