Hard hitting global and local news
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
UPDATE : The mother of all polynomial fits from the Canadian Medical Association Journal . Here, we discuss how the outcomes of clinical trials may be affected by the extinction of all mankind and recommend appropriate changes to their conduct
Today the Federal Reserve issued this Policy Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities . On December 12, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase longer-term Treasury securities after the maturity extension program is completed at the end of December 2012, initially at a pace of about $45 billion per month. The FOMC also directed the Desk to continue purchasing additional agency mortgage-backed securities (MBS) at a pace of about $40 billion per month. These actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS, and, in January, to resume rolling over maturing Treasury securities into new issues at auction.
In light of Carney’s " radical action " statements, please consider Bank of Canada warns of low-rate risk . The Bank of Canada says low-interest policies that it and other central banks have put in place are adding another layer of risk to the already stressed global financial system
Later that month, some 600 Libyan terrorists would be reported to have entered Syria to begin combat operations and have been flooding into the country ever since . Clearly they are not "secretly" organizing hundreds of fighters under the nose of the US consulate in Benghazi , Libya, and "sneaking" through NATO member states into Syria
Jay said…
Read more here: When you set out on your journey to Stockholm, pray that the road is long, full of…
Bank of England Warns of Global Currency Wars By the time central banks warn about something, the practice has likely been going on for years. Today’s case in point is BoE’s King warns of growing currency competition The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year. "You can see, month by month, the addition to the number of countries who feel that active exchange rate management, always to push their exchange rate down, is growing," Mervyn King said in a speech
A number of Eli’s favorite folk have asked the Rabett to post their opinions of him encapsulated in the cartoon at the right . Now some, not Eli to be sure, might think it better to be feared than liked, and he can tell you from experience (on which side is strictly your choice) that the tested way to get a seat on the subway is to act, well, a bit like that with optional drool and froth during rush hour.
