ricardian ambivalence

deep-red greenback

With rates already very low, one of the main policy tools left for the Fed is USD devaluation. Bernanke would

The Federal reserve voted to begin a third major asset purchase program at their September meeting. Under the new plan,

In the September bulletin, the RBA included an article on the use and abuse of the ABS’s Capex intentions survey.

The WSJ’s Hilsenrath writes up what he is watching for at tomorrow morning’s (Sydney time) FOMC window. My read (guess)

When thinking about policy, I always try and start with ‘Classical thinking’ and then identify the frictions that take us

The long term employment data tells a chilling tale of a decade already lost in the USA. There is a

The WSJ’s incomparable Hilsenrath reports that the weak August Jobs report makes further monetary easing at the Fed’s September meeting

The August non-farm payrolls report was a little weaker than expected (96k v. mkt 130k). This was a decent outcome,

The WSJ’s Jon Hilsenrath reports that the September FOMC meeting projections will go out to 2015 following their September meeting.

Draghi announced SMP2 at today’s ECB presser. Find the details here. The deal is conditional (‘strict and effective conditionality’), focused

I am generally a proponent of the Unemployment Rate Only approach to the labour market report … however allow me

Mark the graph has a very nice collection of charts on the tax take from the Q2 national accounts. By