Daily Archive: Tuesday, January 22, 2013

CSRCs Guo Says Intervention in Stock Market Necessary: Xinhua

Not that a stock market is ‘necessary’. And not to forget that a 30% corporate income tax, as in the US, is at least as good as owning 30% of all taxable enterprises. If govt, want’s a larger share of corporate profits, it can just hike the tax rather than buy the ...Read More

BOJ Adopts Abes 2% Target in Commitment to Ending Deflation

This of course fundamentally does nothing of consequence for aggregate demand or the level of the currency. The extra deficit spending due to start in April is what will help a bit. BOJ Adopts Abes 2% Target in Commitment to Ending Deflation By Toru Fujioka and Masahiro Hidaka January 22 (Bloomberg) — ...Read More

World Unemployment to Hit Record High in 2013

World Unemployment to Hit Record High in 2013: ILO By Katy Barnato January 22 (CNBC) — World unemployment could top record levels this year and continue rising until 2017, the International Labour Organization (ILO) said on Tuesday in its annual employment report. 2009 currently stands as the worst recorded year for world ...Read More