Does today’s news that the CPI fell 1% last month mean we headed for
deflation? Not if the Fed has anything to say about it:
Fed’s Kohn: Deflation Risk Bigger but Still Small, by Brian Blackstone, RTE :
Federal Reserve Vice Chairman Donald Kohn said Wednesday the risk of deflation
in the U.S. is bigger than a few months ago, but “still small.” He also said
monetary policy...... [Show More]
The following is a verbatim reprint of a news item from the Federal Reserve Bank of St. Louis.
They did such a great job, I thought it a shame to tinker with it....... [Show More]
The St. Louis Fed has created this presentation to help people understand just what exactly it is that the Fed does. It was linked to from a case study in one of my CFP prep units and I thought I would share it with all of you. It explains ‘In Plain English’ what the Fed consists of and what exactly it is that it does. Definitely worth a read if you are interested.
Check it out...... [Show More]
Poorly regulated real-estate lending wasn’t the only cause of the economic meltdown now gripping the industrial economies. Oil addiction also contributed.
The extraordinary rise in oil prices since 2003 has sucked hundreds of billions of dollars out of the US economy ( and the Cascadian economy ). High oil prices have been a contributing cause of most recessions: Since 1948, “all lar...... [Show More]
On our post about dating sites capitalizing on National Singles Week , we tagged chemistry.com. Probably in response to our tag, a chemistry.com solicitor whom I shall call “J” (short for his name, not for “Jer k” 41; offered to hook me and Lisa up with eligible men for seven free days! Wooeeee!
“Dear Onely,” he says, “I noticed that your blog di...... [Show More]
No question captures this year’s mood of mounting fear than the investor’s lament, “whe re’s the bottom?’ One can be talking about share prices, economic activity and — let us hope not — general prices. Like the 1930’s, the phenomenon of weakness is global and follows a prolonged period of brisk asset price appreciation and real-side growth, and lik...... [Show More]
ethanol and the future Post Source: justintapp.blogspot.com Posted: Aug 07 2008 17:38:00
As mentioned previously, one of my favorite job perks is receiving various economic journals & magazines, such as The Regional Economist , the St. Louis Fed’s quarterly publication. There’s a good article about ethanol in the latest edition. Some parts of the article I found interesting: The Energy Policy Act of 2005 required that 5.4 billion gallons of biofuels be blended...... [Show More]
American consumers are feeling the pain both at the pump and in the grocery store. Meanwhile with real full-time unemployment rates climbing towards 10% , penny-pinching consumers are wondering just who is to blame.
Martin Hutchinson in Money Morning blames Fed inspired inflation and speculators:
The reason for this intense advance in commodity prices is that the Fed and its European co...... [Show More]
Parent’s like to think that their son or daughter might go into the same profession in which they work. I got my son’s report card in the mail on Saturday, and three teachers had written comments about him. They were, “Since my last report, your child has reached rock bottom and has started to dig.” “Your son sets low personal standards and then consistently fails to achieve them.” And...... [Show More]
TRY THIS YOURSELF - You’re On Notice! - The Stephen Colbert “On Notice Board” Generator - - thanks to The Big Picture for pointing this out
— 212;— ;—
skew? - California Home Prices Fell 35% in May, Realtors Say - Bob Ivry - … About 38 percent of California home sales are of houses that were repossessed by lenders due to nonpa...... [Show More]
By Fred Lee In a recent survey of cosmetic surgeons, it was discovered that people seem more willing than ever to foot the bill for plastic surgery despite today’s dour economic climate.
What is most interesting, however, is that it has been suggested that an increasing number of patients are undergoing the procedures with the hopes that looking better (assuming that plastic surge...... [Show More]
In a speech today, Federal Reserve Bank of St. Louis President James Bullard largely retraces remarks from last week suggesting a pickup in growth in the second half of this year while also warning that inflation expectations could break down “over a very short horizon.”
Bullard
In remarks to a Macroeconomic Advisers conference in St. Louis today, he expands o...... [Show More]
James Bullard , making his first remarks this week as president of the Federal Reserve Bank of St. Louis , voiced worries about inflation right out of the gate. He says in a speech today that interest rates are now “app ropriately calibrated” for the economy. But he expects stronger growth in the second half of this year and that “is likely to make the inflation outlook a more p...... [Show More]
Research analyst Kristie M. Engemann and economist Michael T. Owyang of the Federal Reserve Bank of St. Louis have published an article in the April issue of The Regional Economist titled " Extra Credit: The Rise of Short-term Liabilities "....... [Show More]
I am so disappointed with Jimmy Rogers and the tinfoil hat gurus. Even though I understand that fear is a powerful marketing tool used to sell newsletters, books and canned food, their predatory practices strike me as being extremely opportunist and unethical in times like this.
Their actions compel me to act as a ballast, and with that in mind, check out the following items. For starters, B...... [Show More]
If you’ve never checked out the amount of data you can find and customize from the Federal Reserve of St. Louis website , I strongly suggest you do so.
While you can find a plethora of information there, I strongly recommend the “ FRED Graphs ,” which allows customized views of virtually any Fed data you can reasonably imagine.
Here are a couple of examples – without sig...... [Show More]
www.chines ischeshoro skop.com/M usik/C_est _la_v ...
" Non ci sono segreti custoditi meglio di quello che tutti conoscono " amava dire George Bernard Shaw, scrittore irlandese, si tutti quelli che conoscono i "segreti" delle regole di bilancio, sanno della FASB_number_46 , forse non tutti ne conoscono la storia e le possibili implicazioni.
Nel fine settimana Michele di Lo...... [Show More]
To Our Clients, Colleagues and Friends:
· We looked up some bond quotes the other day, and we are happy to see that Countrywide bond yields are way down, reflective of a presumed optimism that their BofA deal will close. Their 6.25’s of 2016 are trading at about 85.0 to yield 8.7%. More interesting are ResCap bonds (ResCap is the mortgage arm of GMAC). Their 7.0’s of 2...... [Show More]
Inflation Dynamics William Poole* President, Federal Reserve Bank of St. Louis The Baldwin Lecture Truman State University Kirksville, Mo. Feb. 20, 2008 *I appreciate comments provided by my colleagues at the Federal Reserve Bank of St. Louis. Robert H. Rasche, senior vice president and director of research, provided special assistance. I take full responsibility for errors. The views expresse...... [Show More]
poole reflections Post Source: fedarchive.blogspot.com Posted: Feb 11 2008 10:22:00
Reflections William Poole* President, Federal Reserve Bank of St. Louis The St. Louis Gateway Chapter of the National Association for Business Economics St. Louis Feb. 11, 2008 *I appreciate comments provided by my colleagues at the Federal Reserve Bank of St. Louis. I take full responsibility for errors. The views expressed are mine and do not necessarily reflect official positions of the Fed...... [Show More]
Stable Prices, Stable Economy: Keeping Inflation in Check Must Be No. 1 Goal of Monetary Policymakers By William Poole and David C. Wheelock The Federal Reserve Act as amended in 1977 directs the Federal Reserve to pursue monetary policy to achieve the goals of “maximum employment, stable prices and moderate long-term interest rates.” The Federal Reserve and all central banks have also long...... [Show More]
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