Archive for the ‘ Federal Reserve ’ Category
In the 1930’s, the US dollar money supply (measured by M3) dropped by about 30%. This was the steepest deflationary drop in the quantity of money in history. The purchasing power of the dollar rose dramatically because less money was in circulation compared to the amount of goods/services available in commerce. Since 2006, the US Fed [ READ MORE ]
Switch: How to Change Things When Change Is Hard Premise (from the NY Times review) The sciences of human behavior can provide us with tools for making changes in our lives—tools that are more effective than “willpower,” “leadership” and other easier-said-than-done solutions. The authors explain a couple of fundamental principles of psychology and distill from them concise [ READ MORE ]
It appears that China has called the Bluff of the US policymakers as it signalled an end to the Yuan’s peg to the US Dollar a week before the G-20 Summit. China said it will allow a more flexible yuan. President Barack Obama and his poster child, Treasury Secretary Tim Geithner, along with other G-20 [ READ MORE ]
The Fed’s “Exit Plan” Is Just Another Secret Gift To Wall Street The Fed is planning to detail its “exit plan” this week, the WSJ says. This exit plan is the means by which the Fed will gradually reverse the tremendous stimulus it is still pumping into the economy and financial system. Written by Henry Blodget via [ READ MORE ]
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