Kashkari: Fed needs new approach to monetary policy
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Read More →Klepper: Economy needs ‘Positively Happy Index’
By William Klepper Back in the late 1970s and early 1980s, we had a misery index. This was a combination of the unemployment rate and the inflation rate. In the late ’70s and early ‘80s, this index topped out at almost 20 percent. Although no longer tracked, the misery rate would be about 6 percent Read More →
Read More →Letter to the editor: Tax cut bill not good for country
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Read More →Fiscal reform needed as pension time bomb ticks away
America’s summer of fiscal discontent is coming to a close on a downbeat note. The California legislature is preparing to wind up its session having stirred up a lot of controversy but done almost nothing to address the state’s ongoing pension crisis. The burgeoning shortfall now adds up to $139 billion in the CalPERS fund Read More →
Read More →Fed rate increase should help take risk out of financial markets
The Federal Reserve’s decision to slowly begin the process of normalizing interest rates may not have all that much to do with the economy or inflation. The economy isn’t really overheated and any threat of inflation remains far off in the future. Parsing the Fedspeak of the Dec. 16 announcement that regulators are “reasonably confident” Read More →
Read More →Special Comment from the Editor: Jan. 2 rally could singal turning point
A curious aspect to the history of modern finance is the presence of substantial turning points. Often these are moments whose significance is not fully recognized until years, perhaps decades have passed. But it’s also true that these turning points sometimes happen under extreme political or economic pressure—pressure that forces a substantial policy change. Decisions Read More →
Read More →Fed economist forecasts 2.5% growth this year
Zimmerman: Inflation is expected to be at around 1.5 percent in 2012 and 2013.
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