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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
Provided there is a world trade even in a deep recession this will propel the value of USD CASH up...cash cash cash. What your account reads is NOT CASH!!
July retail sales are expected +0.5% from -0.5%, with ex-autos seen +0.3% from -0.1%. But sales excluding autos and gasoline are seen flat, following +0.1% in June and -1.0% in May. The need to remove gasoline prices stems from lofty energy prices in July, which are expected to have boosted sticker prices at gasoline stations.
Ashraf
How is this QEII?
What I find interesting is to what length author went when describing Bernanke, and how important was to him to have unified vote on FOMC meeting. On some meetings, presidents would change their mind after the vote, out of the respect for the "Chairman's opinion".
We'll see soon what is the outcome of this FOMC meeting, and how they voted
b.
Don't be fooled: a food and oil price spike is not and cannot be inflationary in those advanced industrial economies where the credit system remains broken, the broad money supply is contracting, and fiscal policy is tightening by design or default.
It is deflationary, acting as a transfer tax to petro-powers and the agro-bloc. It saps demand from the rest of the economy. If recovery is already losing steam in the US, Japan, Italy, and France as the OECD's leading indicators suggest - or stalling altogether as some fear - the Eurasian wheat crisis will merely give them an extra shove over the edge.
Yields on two-year US Treasury debt fell last week to 0.50pc, the lowest in history. Core US inflation is the lowest since the mid-1960s. US business inflation (pricing power) is at zero. Bank lending is flat and securitised consumer credit has collapsed from $900bn to $240bn in the last year.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7933235/Commodity-spike-queers-the-pitch-for-Bernankes-QE2.html
maybe things in the US corps arent so bad.
Ashraf
http://www.zerohedge.com/article/japan-redux-case-study-upcoming-us-lost-decade