The new Obama Fed is going to be very dovish when it comes to fighting future inflation and defending the value of the dollar.
The president has nominated Janet Yellen to be vice chair of the Federal Reserve. Ms. Yellen is a distinguished economist who unfortunately subscribes to the Phillips-curve model that trades off unemployment and inflation. In other words, rather than excess money creation as the cause of rising prices, she focuses on the unemployment rate, the volume of new jobs being created, and the growth of the overall economy. For Ms. Yellen, inflation is caused by too many…
More…
Archive for March 12th, 2010The Continent’s currency crisis is causing old rivalries to bubble up, pitting financially strong nations like Germany against some of the eurozone’s less disciplined members. Lenders should be able to get the money they’re owed, but collectors’ lousy reputations are richly deserved. Here’s how we can fix the problems. The computer pioneer that morphed into a mobile-phone and digital-music powerhouse tops an MSN Money list of recommended stocks. A study of behavioral economics sheds light on financial decisions and aging, suggesting that older people are less cautious about money than they should be. In jurisdictions large and small, sales taxes have continued a steady climb. States and cities see them as a way to make up for budget shortfalls. A big win in a patent dispute may give the company the leverage it needs to return to prominence in the DVR market that it pioneered.
Mar
12
2010
 
Slacker Radio Secretly Preparing On-Demand Music ServicePosted by: wiredtechbiz in Wired Tech BizSlacker, the critically praised interactive radio service our readers helped us discover in ‘07, plans to launch an on-demand subscription service combining elements of Pandora, Rhapsody and Spotify in the next few months, Wired.com has learned.
Mar
12
2010
Diane Garnick’s Guide to the Fine Art of FailurePosted by: yahootechticker in Yahoo Tech TickerForbes is out with its annual billionaires list; essentially a compilation of capitalism’s greatest success stories. But success does not come without failure. “The people that have succeed the most are the people that have embraced their failures a To come out ahead, traders must accurately assess 3 key factors that affect the US dollar’s value and manage risk accordingly.
Mar
12
2010
Faber and Mish: We’re Doomed and Washington Can’t Do Anything About ItPosted by: yahootechticker in Yahoo Tech TickerWashington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike “Mish” Shedlock, editor of the Gloom, Boom, and Doom Report and
Mar
12
2010
How Lehman’s Executives Lied About Their Assets To Fool EveryonePosted by: yahootechticker in Yahoo Tech TickerProvided by The Business Insider, March 12, 2010:Most of the stories you will read today about the 2,200-page document that lays out how Lehman Brothers used accounting gimmicks to conceal its true financial condition will understate just how important th
Mar
12
2010
The Great "Inflation or Deflation?" Debate: Mish vs. Dr. DoomPosted by: yahootechticker in Yahoo Tech TickerWhich is the greater threat, inflation or deflation? In Marc Faber and Michael “Mish” Shedlock, we found two market watchers ready (and able) to champion both sides of this great debate.Shedlock, an investment advisor with Sit
Mar
12
2010
Marc Faber: Don’t Expect Another Crash … Bernanke Won’t Allow itPosted by: yahootechticker in Yahoo Tech TickerThe bulls are firmly in control on Wall Street. Heading into Friday’s session, the S&P 500 is at a 17-month high. Undaunted, the bears point to light volume as a sign of weakness and a correction to come. … |
|
