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Are negative policy rates less than nothing?
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"The temptation for negative rates is that many central banks’ traditional tools have been exhausted and so there is a grasp for alternatives. But reality is not always symmetric and just because negative rates are possible does not mean they are a valid policy option."
FX Market Voice, Thomson Reuters, February 2016 , Ron Leven, PhD
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Whip Deflation Now
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"The funny thing is, it is possible that deflation has already been whipped. We are starting to see signs of inflation in the pipeline."
Mauldin Economics, The 10th Man, February 11th 2016 , Jared Dillian
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Economists are calm, even if equities are not
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The start of 2016 has been a turbulent time in the world’s equity markets. The world’s economies have been far less volatile. Once again, economics and markets seem to be moving in different directions.
UBS, January 2016 , Global Economist, Paul Donovan
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Resetting Production And Risk Perceptions
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" 2015 must be remembered as the year of divergence. The economy “unexpectedly” fell apart in broad-based and sustained fashion, yet Janet Yellen’s pedigree still counts far more in seemingly so many places"
Alhambra Investment Partners, 31.12.2015 , Jeffrey P. Snider
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Global Growth: The Underappreciated Gift That Keeps on Giving
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"Take this widely acknowledged truism: Global growth is weak. This meme has constantly dominated headlines, not only this year, but throughout most of the current expansion."
Fisher Investments MarketMinder, 12/28/2015
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The Chinese Currency in 2016: Bigger But Smaller
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"China may enjoy a net current account surplus, but she has simultaneously been borrowing huge amounts of US dollars. In short, the peg to the US dollar has effectively dollarized China’s inflating domestic financial markets, and the scale of this bubble is eye-watering."
CrossBorder Capital, December 15th 2015 , Michael Howell
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The Apex Of Market Stupidity
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"In the last five decades, there has never been less thinking going on in financial markets"
GaveKal, December 8, 2015 , Charles Gave
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The Fed DID NOT Save the Economy
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"QE started in September 2008 and TARP was passed in October 2008, but the stock market fell an additional 40%. Mark-to-market accounting was changed in March/April 2009 and that’s when the stock market and economy bottomed."
First Trust Portfolios L.P., October 12th 2015 , Brian S. Wesbury – Chief Economist
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GDP per capita vs GDP per working age population: United States vs. Japan
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By only looking at GDP per capita one may easily miss the fact that Japan’s working-age population has been declining since the late 1990s.
The costs of deflation: a historical perspective, BIS Quarterly Review, March 2015
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Judging by real GDP, this has been the weakest of the five recent economic expansions...
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...But, divide GDP by the labor force and the current expansion is not at all unusual
Janet Yellen is No Mae West, Federal Reserve Bank of Dallas, March 9, 2015 , Richard W. Fisher
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