Mainstream economists will be increasingly stating that the real GDP ‘speed limit’ is falling or even negative. That is, the non inflationary growth potential has
A Rescue Plan for the Dollar By Ronald McKinnon and Steve H. Hanke The Wall Street Journal, December 27, 2007 Central banks ended the year
Thanks, Dave, my thought are the Fed will also ‘do what it takes’ which means setting price and letting quantity for term funding float. The
Good to see the ECB seems to understand it’s about price and not quantity. The reporter isn’t quite there, however. Maybe when the smoke clears
Currency TERM Today Monday Friday Thursday Wednesday Tuesday USD ON 4.40 4.4175 4.3025 4.30 4.34 4.4325 1M 4.94875 4.965 4.99625 5.0275 5.1025 5.20375
(an interoffice email) > – any chance they would take discount window rate down intra-meeting (or before year end) seems they don’t have to with
Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending,