An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
good observations from Bill.... headline UE rate was reported UP from like 7.5 to 7.6 iirc on Friday...
This is going the other way now perhaps, cant see the Fed 'tapering' in view of this development... they would in effect be saying 'monetarism is all BS' so I dont see them pulling back on any type of easing in view of this data.... at least while Bernanke is still there..
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good observations from Bill.... headline UE rate was reported UP from like 7.5 to 7.6 iirc on Friday...
This is going the other way now perhaps, cant see the Fed 'tapering' in view of this development... they would in effect be saying 'monetarism is all BS' so I dont see them pulling back on any type of easing in view of this data.... at least while Bernanke is still there..
rsp
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