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Wednesday, March 27, 2013

Monetary

News                                                                                                                             
CNBC | Has Wealth Inequality in US Sparked Fed's Interest?
Some on the FOMC, they said, assert that inequality "undermines the ability of the economy to grow sustainably and efficiently" and could lower the long-term growth rate.

Econ Comments & Analysis                                                                                            
New York Sun | A Run on the Fed?
It may not be a run on the Fed — not by a long shot — but it comes as we’re starting to see the fraying of the concept of trust that undergirds any system of money and credit.
RCM | Gary Shilling Is Confused: There's No Global 'Deflation'
In short, what we and the rest of the world are experiencing is the opposite of deflation whereby paper around the world is being devalued on the way to cautious investment and slow growth. Yes, inflation is very deflating.