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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (29205)4/14/2010 1:44:25 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
There is still LESS money moving through the economy now then before the crisis (despite all the Fed's and Congress' stimulus added TOGETHER) because VELOCITY has fallen off of a cliff.

MV is *down*.



To: Wayners who wrote (29205)4/14/2010 1:58:23 PM
From: Cage Rattler1 Recommendation  Read Replies (2) | Respond to of 103300
 
True. The only thing "supporting" the dollar is the simultaneous weakness of fiat comparison currencies. This yields an illusion of US$ strength and "stability."



To: Wayners who wrote (29205)4/14/2010 3:16:59 PM
From: DuckTapeSunroof  Read Replies (2) | Respond to of 103300
 
Lowest inflationary pressure in years, Fisher says

April 14, 2010, 2:54 p.m. EDT
By Rex Nutting
marketwatch.com

NEW YORK (MarketWatch) -- Inflation is not a problem for the U.S. economy right now, said Richard Fisher, president of the Dallas Federal Reserve Bank.

"We have enormous excess capacity," especially in the labor force, Fisher said Tuesday. "We have the lowest inflationary pressures we've seen in 30 years."

Fisher said the recent request by the Dallas Fed to raise the discount rate to 0.75% did not imply that his bank thinks it's time to tighten monetary policy. Rather, he said, raising the discount rate would merely be a move to normalize the usual spread between the federal funds rate and the discount rate charged to banks.