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WHAT'S NEW
October 03, 2011
Is The Double Dipper Upon Us?
There are many negatives around the world, in spite of a few seemingly positives such as today's ISM. Cyclical turning points often give rise to ambiguous data reads. This one is likely to be no different. The real puzzle is which Macro Area in the World has a political economy that can "do the right thing?"
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September 30, 2011
Parsing FOMC Minutes: a somewhat unrewarding exercise
Bernanke gave markets a fairly big clue as to where he thought the economy was by the third week in August (2011) and the statements of the earlier Fed meetings told us about the rather permanent extension of America's version of ZIRP....But the Meeting Minutes really don't enlighten us.
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September 26, 2011
Truth in Lending
What the Fed knows, what it wants and how to get there should have been the essential orientation of Bernanke's opening conference speech at Jackson Hole. Gentle Ben left too many questions unanswered to feel as if we know where monetary policy is going and what the effects will be
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