Green Energy
And they justify this as ‘stimulus’, because they have already screwed up.
Social Democracy. Bernie, are you paying attention?
Bloomberg Biz:
Two board members enter reservation against cutting rates
Sweden’s central bank lowered its key interest rate even further below zero and said it’s prepared to use its full toolbox of measures as it battles to revive inflation and keep the krona from appreciating.
The repo rate was reduced to minus 0.50 percent from minus 0.35 percent, the Stockholm-based bank said. A cut was predicted by 10 of the 18 analysts surveyed by Bloomberg, though only three had anticipated this magnitude. The bank said government bond purchases will continue as planned for the first six months of 2016 and that it “will reinvest maturities and coupons from the government bond portfolio until further notice.”
“Uncertainty regarding global developments is still high, with low inflation and several central banks pursuing more expansionary monetary policy,” the Riksbank said. “Swedish monetary policy must relate to this. Otherwise the krona exchange rate is at risk of strengthening at a faster rate than in the forecast, which would make it harder to push up inflation and stabilize it around 2 percent.”
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Bloomberg: Bernanke Says 8.3% Unemployment Understates Weakness in U.S. Labor Market By Craig Torres and Josh Zumbrun Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor...
- U6=20
From no LESS than WaPo:Since 2007, the percent of the population that either has a job or is actively looking for one has fallen from 62.7 percent to 58.5 percent. That’s millions of workers leaving the workforce, and it’s not because they’ve become...
- Prepare To Go Crazy : Foreign Banks Were Main Beneficiaries Of Fed’s Printing Spree
Think about that while considering this:Wal-Mart CEO Bill Simon expects inflationThe nation’s largest retailer needs to get back to its roots as the lowest priced one-stop shop for consumers, Walmart CEO Bill SImon said.The world’s largest retailer...
- Our Long Recovery Summer Of Discontent Part Deux
Boston.com: Food stamp use hit record 40.8m in May By Bloomberg News August 5, 2010 WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government...
- Banks Hoarding Cash, But There's A Bull Market Coming
From 3 Wood at Jammie Wearing Fool: With all the market unrest, and the year end reporting coming up soon, it appears that banks have resumed hoarding cash to make their balance sheet look better to investors.The cost of borrowing in dollars for one...
Green Energy
Suppose the bank told you if you didn’t spend the money in your account, they would confiscate a portion of it?
And they justify this as ‘stimulus’, because they have already screwed up.
Social Democracy. Bernie, are you paying attention?
Bloomberg Biz:
Sweden Cuts Rates Deeper Into Negative Territory, Says May Go Further
Size of rate cut only predicted by three of 18 analystsTwo board members enter reservation against cutting rates
Sweden’s central bank lowered its key interest rate even further below zero and said it’s prepared to use its full toolbox of measures as it battles to revive inflation and keep the krona from appreciating.
The repo rate was reduced to minus 0.50 percent from minus 0.35 percent, the Stockholm-based bank said. A cut was predicted by 10 of the 18 analysts surveyed by Bloomberg, though only three had anticipated this magnitude. The bank said government bond purchases will continue as planned for the first six months of 2016 and that it “will reinvest maturities and coupons from the government bond portfolio until further notice.”
“Uncertainty regarding global developments is still high, with low inflation and several central banks pursuing more expansionary monetary policy,” the Riksbank said. “Swedish monetary policy must relate to this. Otherwise the krona exchange rate is at risk of strengthening at a faster rate than in the forecast, which would make it harder to push up inflation and stabilize it around 2 percent.”
-
Bloomberg: Bernanke Says 8.3% Unemployment Understates Weakness in U.S. Labor Market By Craig Torres and Josh Zumbrun Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor...
- U6=20
From no LESS than WaPo:Since 2007, the percent of the population that either has a job or is actively looking for one has fallen from 62.7 percent to 58.5 percent. That’s millions of workers leaving the workforce, and it’s not because they’ve become...
- Prepare To Go Crazy : Foreign Banks Were Main Beneficiaries Of Fed’s Printing Spree
Think about that while considering this:Wal-Mart CEO Bill Simon expects inflationThe nation’s largest retailer needs to get back to its roots as the lowest priced one-stop shop for consumers, Walmart CEO Bill SImon said.The world’s largest retailer...
- Our Long Recovery Summer Of Discontent Part Deux
Boston.com: Food stamp use hit record 40.8m in May By Bloomberg News August 5, 2010 WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government...
- Banks Hoarding Cash, But There's A Bull Market Coming
From 3 Wood at Jammie Wearing Fool: With all the market unrest, and the year end reporting coming up soon, it appears that banks have resumed hoarding cash to make their balance sheet look better to investors.The cost of borrowing in dollars for one...