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on January 05, 2009 04:42 PM 
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Published in : The News, The News |
Youd be hard pressed to find an economist or market operator in this city or anywhere else on the planet who is not concerned about waning U.S. economic growth. Some analysts and commentators sound like Chicken Littles. Others are less excitable, but are Forex Auto Money nevertheless assuming a defensive crouch. Most are mindful of recent developments in employment patterns, uneven retail sales and downward shifts in shipping, rail and trucking indexes, industrial activity, business capex plans, credit card payables, purchasing manager activity and other carefully watched indicators. These stresses follow on the severe housing downturn and the liquidity bind. There is an increasingly insistent drumbeat urging the Fed not only to not impose contractionary policy on a weakening economy, but indeed to get ahead of the curve through further monetary accommodation.
Chairman Bernanke spoke last week and made it clear that the FOMC stands ready to take substantive action needed to support growth and provide insurance against downside risks, adding that additional policy easing may well be necessary. In short, Forex Trading Software that Works he made clear that the FOMC does not intend to just squat and wait should economic data and sound risk management signal
Last update: January 05, 2009 04:42 PM
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| By Webmaster,
on January 04, 2009 04:42 PM
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Published in : The News, The News |
Certainly, some risk remains that downward momentum will emerge. Personally, I worry about the plight of big population states like Florida and California, where the housing correction is having its severest impact. I note the reports issued by express shippers and ground transportation firms that show deceleration in year-over-year trends in pre-holiday traffic across the nation. I realize that Wal-Mart Short Swing Trading and other large retailers have seen a slowing in same-store sales growth, that shopping mall traffic is down, and that the restaurant businessa not-insignificant part of the service sector that employs 14 million Americansis showing signs of strain as customers migrate from casual dining to more affordable fast-food providers. And, if you parse the data for the third quarter, you will see a pretty stout guesstimate of inventory accumulation. These are prototypical signs of an economy in stress.
Yet, before each FOMC meeting, I consult 35 CEOs from a broad range of businesses, and with the exception of homebuilders, not a single one of them feels the economy is at risk of falling off the table. Big builders and engineering firms report a booming domestic infrastructure business, especially in the petrochemical sector from Turn $200 into
Last update: January 04, 2009 04:42 PM
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| By Webmaster,
on January 03, 2009 04:42 PM
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Published in : The News, The News |
When we pay more Stock & Commodity Trading for food and energy, it may no longer represent mere noise but might be providing signals of longer-term, structural inflationary pressures.
In these circumstances, a trimmed mean approach has merit. A trimmed mean approach will still trim out volatile noisy numbers, which might include food or energy in any given measurement period. But it will retain, and thus allow us to focus on, the signals sent to help determine the true course of inflation.
Now, before you rush out from dinner saying that Richard Fisher weighed in against Mr. Peter Costello on behalf of the Reserve Bank, let me point out that trimmed meanswhile better than the standard ex-food, ex-energy core measurementsare imperfect things. A few items that have important implications for our living standardscomputers being the prime exampleexperience large, technology-driven price declines month in and month out and hence get trimmed out. The Dallas Fed tries to correct Penny Stock Secrets for this potential source of bias through our choice of trimming proportions, but we realize that correction is imperfect.
Last update: January 03, 2009 04:42 PM
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