Daily Archive: Tuesday, June 10, 2008

Re: Mishkin signal?

[Skip to the end] (an email exchange) > >   On Tue, Jun 10, 2008 at 8:12 AM, anonymous wrote: > >   Fisher’s remark induces one to wonder if Ambrose Evans-Pritchard is >   correct in stating that Fed policy is now being concocted from Dallas. > >   The recent spate of criticism ...Read More

June 9 Bernanke speech

[Skip to the end] Outstanding Issues in the Analysis of Inflation Nonetheless, much remains to be learned about both inflation forecasting and inflation control. In the spirit of this conference, my remarks this evening will highlight some key areas where additional research could help to provide a still-firmer foundation for monetary policymaking. ...Read More

Professor James Galbraith on Obama economics team

[Skip to the end] More on Obamanomincs: It was announced Professor James Galbraith was on the new list of economic advisers. He knows that government spending is not revenue constrained. He knows solvency is not an issue for the government. He knows the ‘pay-go’ notion is flawed and works against our standard ...Read More

2008-06-10 US Economic Releases

[Skip to the end] Trade Balance (Released 8:30 EST) Trade Balance Ex Petrol (Released 8:30 EST) Trade Balance ALLX (Released 8:30 EST) IBD/TIPP Economic Optimism (Released 10:00 EST) ABC Consumer Confidence (Released 17:00 EST) Trade Balance (April) Survey -$60.0B Actual -$60.9B Prior -$58.2B Revised -$56.5B A bit of a backup due to ...Read More

2008-06-10 EU News Highlights

[Skip to the end] German Wholesale Prices Rise the Fastest in 26 Years French Industrial Production Rises 1.4%, Led by Cars Italian Production Unexpectedly Increased in April ECB’s Trichet Says Price Stability Is Vital for Jobs, Growth Liikanen Says ECB Must Anchor Inflation Expectations Germany’s Mirow Says Inflation Concerns `Clearly Increased’ Bundesbank’s ...Read More

Bloomberg: Jason Furman now top dog for Obama

[Skip to the end] Obama Names Rubin Ally Furman to Economic Policy Post by Kim Chipman and Matthew Benjamin (Bloomberg) Barack Obama’s presidential campaign today named Jason Furman, who worked closely with former Treasury Secretary Robert Rubin, as economic policy director. Not a good sign – Ruben has the fundamental accounting identity ...Read More