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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: THE WATSONYOUTH who wrote (892679)	10/9/2015 1:09:56 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 1574609

negative interest rates?? Been seeing a lot of financial articles on just that subject. bloomberg.com Sweden Deepens Negative Interest Rates to Curb Gains in Krona Sweden’s central bank lowered its main interest rate deeper into negative levels and expanded its bond purchases to the end of the year as the turmoil in Greece raises the specter of further krona gains. The repo rate was cut to minus 0.35 percent from minus 0.25 percent, the Stockholm-based bank said in a statement. A reduction was predicted by 4 of 18 analysts in a Bloomberg survey, with the remainder forecasting no change. The bank expanded its bond purchasing program by 45 billion kronor ($5.3 billion) to the end of year, adding to the 80 billion kronor to 90 billion kronor already announced. “Inflation is rising and economic activity in Sweden is continuing to strengthen,” the bank said. “But uncertainty abroad has increased and it is difficult to assess the consequences of the situation in Greece. Since the repo-rate decision in April, the krona has also become stronger than the Riksbank had forecast and the development of the exchange rate remains a risk to the upturn in inflation.” Swedish policy makers have unleashed unprecedented measures this year to jolt the largest Nordic economy out of disinflation. They were forced to respond after record stimulus by the European Central Bank threatened to drive up the value of the krona and further hamper their fight to bring back price growth, which has been near zero since the end of 2012. The krona slumped as much as 1.1 percent, and was down 0.7 percent to 9.3329 per euro as of 10:23 a.m. in Stockholm.

To: THE WATSONYOUTH who wrote (892679)	10/9/2015 1:11:32 PM
From: i-node	Respond to of 1574609

>> What's next? QE4? negative interest rates?? No next. Americans have an attention span of 3 minutes for stuff like this. Unfortunately that is just long enough to hear the latest sales pitch.

To: THE WATSONYOUTH who wrote (892679)	10/9/2015 2:20:35 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574609

TWY, I recall stating a few years ago on this board that the FED will NOT raise rates until Obama leaves office. It's all about keeping the music playing until the ones responsible get out. What does Janet Yellen get out of this? I feel like this is a case of damned if she does, damned if she doesn't, given how addicted this economy is to easy Fed money. Right now, she's choosing the path of least resistance given how incredibly shaky this economy is. Of course that's going to look like she's actively trying to make up for Obama's failures. Maybe she can revise some of the metrics that the Fed uses to estimate inflation. Some of the stubbornness I'm seeing from the Fed seems to be unnecessary. Inertia is not an excuse you want to use when things go south. But other than that, there really isn't much the Fed can do because their scope is limited, despite how much power we like to ascribe to them. Tenchusatsu