Big think: Q and A’s
Response to questions from big think. Is fiscal responsibility essential to creating a stronger, more prosperous nation, or is the matter overhyped? Worse, the matter
January 21, 2008
Response to questions from big think. Is fiscal responsibility essential to creating a stronger, more prosperous nation, or is the matter overhyped? Worse, the matter
ECB reiterates rate hike warning FRANKFURT(AFP): The European Central Bank (ECB) reiterated Thursday a strong warning about eurozone inflation, calling for price and wage moderation
Leading Indicators (Dec) Survey -0.1% Actual -0.2% Prior -0.4% Revised n/a Down some, but not terrible. U. of Michigan Confidence (Jan P) Survey 74.5 Actual
NOTE: Particularly the last 3 paragraphs on inflation, as he has always been hawkish: Remarks by Jeffrey M. Lacker President, Federal Reserve Bank of Richmond
Doesn’t get any more hawkish than this. Well worth a quick read. Richard W. Fisher Challenges for Monetary Policy in a Globalized Economy Remarks before
Highlights: China GDP growth to ease to 10.5 percent Yes, but… Property prices in major Chinese cities up 10.5% in December Yuan Gains for the
Looks like it will take a very large drop in home prices to slow the ‘pull’ on owner’s equivalent rent (the basis for the CPI
With the US Fed cutting aggressively, and now a reasonably large US fiscal package a near certainty, the mainstream will see increase in US demand
We have gone from the jobless recovery to the full employment recession. Recap of prospects for strong GDP in 2008 – details/support covered in previous
Housing Starts (Dec) Survey 1145K Actual 1006K Prior 1187K Revised 1173K Building Permits (Dec) Survey 1135K Actual 1068K Prior 1152K Revised 1162K Both still in