Tall Paul Volcker and Jeff Harding agree (per The Telegraph):
QE3 will not fix America’s problems Paul Volcker, the former Federal Reserve chairman credited with taming the inflationary threat of the 1970s, has warned that further quantitative easing will fail to repair economies in Europe and the US.
Mr Volcker, addressing a conference at Gleneagles in Scotland, [...]
Will the Fed announce ”QE 3″ at the next FOMC meeting this month? (Jim Rogers thinks it’s already underway.)
While the market reaction Friday and many of the media headlines suggest that this is virtually a foregone conclusion, caution in assuming such makes sense to me. A much-ignored part of Ben Bernanke’s address at Jackson Hole two days ago, discussed [...]
More explanations of quantitative easing by the bears. From Omid Malekan. Welcome to the Bernanke Zone.
Many millions of people worldwide would be glad to learn of the following headline that The Daily Capitalist hereby reveals: Eating Chocolate Regularly May Make You Leaner, Survey Suggests. Here are some excerpts from the Bloomberg.com report:
A survey of about 1,000 Americans that suggests eating chocolate may help people get leaner deserves to be [...]
I follow Rick Davis’s data from Consumer Metrics Institute and he has come out with several interesting (and proprietary) ways to analyze the economy by measuring consumer data. His latest report shows a continuing “contraction” in consumer data. He describes it as follows:
“Contraction Watch” follows [our] Daily Growth Index and compares it on a [...]