Hard hitting global and local news
View article: Congressional Spending Problem in Easy to Understand Format; It’s Only Make Believe
Many have heard of normalized P/E ratios based on 10-year earnings averages and the concept of reversion to the mean. To the best of my knowledge no one has attempted to normalize unemployment rates based on demographic trends, although some have attempted unemployment normalizations based on changing definitions of the meaning of unemployment
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
More than half of college graduates move back home, sociologist Katherine Newman wrote in her book, " The Accordion Family: Boomerang Kids, Anxious Parents, and the Private Toll of Global Competition ," based on surveys conducted worldwide.
Error Over Quota This application is temporarily over its serving quota. Please try again later.
For comparison purposes, Canadian household debt-to-income is now at 163 per cent , according to Statistics Canada. Canadians’ debt-to-income ratio has soared to 163 per cent, much higher than previously believed, according to revised Statistics Canada figures
Visit site: So Much For Today’s Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims; What We…
Similarly, Bloomberg reports Netherlands House Prices Dropped the Most on Record Last Month House prices in the Netherlands, the fifth-biggest economy in the euro area, dropped in July by the most since the index started in 1995. Prices declined 8 percent from the same month a year earlier, after falling 4.4 percent in June, national statistics agency CBS in The Hague said on its website today. Values have fallen 15 percent from a peak in 2008 and are back to about the same level as eight years ago, CBS said
View post: Real Per Capita "Core" Durable Goods Orders