Daily Archive: Friday, November 5, 2010

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?? ...Read More

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 they can ignite a “wealth effect” by driving stocks higher. But as ...Read More


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 personal income number for October Hours data will also show up in ...Read More

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 life I believed every one of Warren’s Innocent Frauds. ...Read More

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 QE. Federal deficits support income and add to net financial assets, which ...Read More