Economia
“Sovereign monetary and fiscal policies, while generating undersized real growth, have managed to produce disproportionally large inflation,” Gross wrote in a monthly investment outlook posted on Newport Beach, California-based Pimco’s website today. “Developed economies -- the U.S. included -- have experienced 3 percent plus inflation in the midst of a New Normal economy. Portfolios should avoid longer dated issues where inflation premiums dominate performance.”
Mais
Comentário: Isto é um exemplo como o mercado financeiro opera aparentemente paradoxial, mas sim, na verdade, mais massa monetária quando cria inflação, não provoca taxa de juros mais baixas, mas sim mais altas, como se vê agora e como e analisado do Bill Gross. Analise como a curva dos termos de rendimentos muda.
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Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
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Economia
Expectativas racionais
Gross: Additional Easing Programs to Push Yields Higher
By Liz Capo McCormick
Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the additional easing programs hinted at by Federal Reserve officials will push yields on longer-term Treasuries higher. “Sovereign monetary and fiscal policies, while generating undersized real growth, have managed to produce disproportionally large inflation,” Gross wrote in a monthly investment outlook posted on Newport Beach, California-based Pimco’s website today. “Developed economies -- the U.S. included -- have experienced 3 percent plus inflation in the midst of a New Normal economy. Portfolios should avoid longer dated issues where inflation premiums dominate performance.”
Mais
Comentário: Isto é um exemplo como o mercado financeiro opera aparentemente paradoxial, mas sim, na verdade, mais massa monetária quando cria inflação, não provoca taxa de juros mais baixas, mas sim mais altas, como se vê agora e como e analisado do Bill Gross. Analise como a curva dos termos de rendimentos muda.
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- Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
- Fed Adota Virtual Regime De Metas Para A Inflação
Release Date: January 25, 2012For release at 2:00 p.m. EST Following careful deliberations at its recent meetings, the Federal Open Market Committee (FOMC) has reached broad agreement on the following principles regarding its longer-run goals and monetary...
- From Bernanke With Love
Esta é uma carta fictícia do Bernanke para o Mantega, aparentemente publicada no FT. Tem um erro (fica para vocês apontarem). Já o resto é verdade. Currency wars Published: January 11 2011 15:12 Dear Mr Mantega, Being frustrated politicians ourselves,...
- O Pib Nominal Como Meta Da Política Monetária
The Fallacy of Nominal GDP Targeting By Detlev S Schlichter "... Münchau is an advocate of nominal GDP targeting, the new fad in monetary central planning. There is allegedly nothing wrong with monetary policy. The central bankers...
- Os Estados Unidos Perto Da Bancarotta
Is the United States Bankrupt? Laurence J. Kotlikoff ".. Many would scoff at this notion. They’d point out that the country has never defaulted on its debt; that its debt-to-GDP (gross domestic product) ratio is substantially lower than that...