Daily Archives: November 5, 2010 @ 2:55 pm (Friday)

Bernanke comments/legacy

Headlines: Bernanke: Aware Of Dollar’s Special Role In Global Economy Bernanke: Best Fundamentals For Dollar Come From Strong Economy Bernanke: Must Act To Bring Down Long-Term Fiscal Deficits Bernanke: Well-Functioning Chinese Economy Good For US Economy ’nuff said??

Posted in Fed | Tagged |

QE still driving portfolio shifting

When Japan First Did QE, Stocks Shot Up And Then Quickly Cratered Massively Pragmatic Capitalist November 4 — There appears to be some confusion over the response of equity markets to quantitative easing. Of course, the Fed is hoping that … Continue reading

Posted in Equities, Japan | Tagged |

Payrolls

Karim writes: Very solid number in many respects NFP +151k plus Net revisions +110k Private sector job gwth +159k Average hourly earnings +0.2% and index of aggregate hours +0.4% will combine with the jobs increase to produce a very strong … Continue reading

Posted in Deficit, Employment, Government Spending | Tagged |

Highlighted comment

Colin Kendall Says: November 4th, 2010 at 10:36 am I am a new convert to the ideas of MMT. As a British Mensa member, it is quite embarrassing for me to admit that for the first sixty years of my … Continue reading

Posted in Uncategorized | Tagged , |

QE and the wealth effect

>    >   (email exchange) >    >   On Thu, Nov 4, 2010 at 11:26 PM, wrote: >    >   Do you have any thoughts on this supposed wealth effect? >    There is one but I see it as coming from deficit spending, and probably not … Continue reading

Posted in Bonds, Equities, Fed | Tagged |