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Central Banks Fracture Not On Philosophy But Failure

By |2014-11-04T17:22:20-05:00November 4th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The central bank monolith is revealed to fracturing. The most evident appearance of that was the Bank of Japan’s recent surprise, where the vote to increase QQE was 5-4. But it has been more than Japan where divergences in policymaker positions are apparent. That includes, of course, the ECB, though not due to the Germany/not-Germany divide that has been a [...]

Crumbling Foundation of QE’s

By |2014-10-29T11:23:35-04:00October 29th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

In another piece of the puzzle ending the reign of Bernanke’s monetary influence, there remains deep dissatisfaction with the economy. Poll after poll just ahead of the coming midterms shows the economy as “somehow” the top concern. The discontent in the latest ABC News/Washington Post poll is palpable. Despite its fitful gains, seven in 10 Americans rate the nation’s economy [...]

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