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Is India’s New Central Banker Already Fixing the Nation?

Is India’s New Central Banker Already Fixing the Nation? | AP Mac | Scoop.it
Source: ThinkstockIndia has been in trouble, it currency and financial markets have been roiled and its inflation is among the worst we have measured. It seems as though that all times of trouble have a recovery, and that may be happening in India.
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Unemployment Rate Drops for Wrong Reasons

Unemployment Rate Drops for Wrong Reasons | AP Mac | Scoop.it
The U.S. unemployment rate dropped 0.1 percentage point to 7.3% in August and a broader measure of unemployment fell to 13.7% from 14%, but the declines came from the wrong reasons.
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The Federal Reserve Relies on a Flawed Economic Model | Dr. Lacy Hunt | Safehaven.com

The Federal Reserve Relies on a Flawed Economic Model | Dr. Lacy Hunt | Safehaven.com | AP Mac | Scoop.it
by Dr. Lacy Hunt: In May 22 testimony to the Joint Economic Committee of Congress, Fed Chairman Ben Bernanke issued another of many similar positive interpretations of central bank policy. Yet again, he continued to argue that quantitative easing has decreased long-term interest rates and produced other benefits. He called economic growth "moderate," a term that he has often used without acknowledging that the Fed's forecasts have repeatedly been far above the mark. Within less than two months -- or by the time of the July FOMC meeting -- the Fed had downgraded the economic growth to "modest," tacitly acknowledging that program of open-ended $85 billion purchases of government and federal agency security purchases had failed to boost economic activity. The Fed's polices have not produced the much-promised re-acceleration in economic growth. In the first half of 2013 as well as the latest four quarters, the real GDP growth rate was a paltry 1.4%, even less than the 1.9% growth in the 13.5 years of this century, and less than two-fifths of the 3.8% GDP growth rate since 1790. Only growth in the 1930s was less than in the 2000s, a time when Dr. Bernanke played a major, if not dominant, role in monetary policy decisions. Questions abound: how serious have their forecast errors been? Are they related to the Fed's failed policies? Has the Fed facilitated errant fiscal policies that are as much a problem as central bank policy? What may explain the Fed's excessive optimism? Are they so committed to what they are doing that they continue to make unsupported assessments, or is the Fed relying on an outdated understanding of how the macro-economy works -- one that does not square with an impressive body of new scholarly research? In its final forecast for 2011, made in late 2010, the Fed forecast that real GDP would rise 4% in 2011, and just prior to that projection they expected even stronger growth. For 2012, the Fed projected 3.3% growth, with previous assessments even higher. In both years, their forecasts were more than double the actual result. ...
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U.S. Payrolls Rose Less Than Forecast: Video

U.S. Payrolls Rose Less Than Forecast: Video | AP Mac | Scoop.it
Payrolls in the U.S. climbed less than projected in August after smaller gains the prior two months, indicating companies are being deliberate in their hiring as they wait for a pickup in demand.
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Market Volatility Signals World on the Mend

Market Volatility Signals World on the Mend | AP Mac | Scoop.it
Emerging economies may be suffering from the market volatility, said World Bank President Jim Yong Kim, but it’s important to remember what the trigger is.
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Fed’s Fisher Slams Congress Over Fiscal Policy

Fed’s Fisher Slams Congress Over Fiscal Policy | AP Mac | Scoop.it
Federal Reserve Bank of Dallas President Richard Fisher again sharply criticized Congress for its handling of fiscal policy, and indicated that the central bank hadn't yet finalized "tapering" plans even as it prepares to "dial back" on bond...
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Five Takeaways From August Jobs Report

Five Takeaways From August Jobs Report | AP Mac | Scoop.it
The U.S. economy added 169,000 jobs in August, the Labor Department said Friday, and the unemployment rate fell to 7.3%. Economists are still digesting today’s report, but here are five initial takeaways.
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America Economic Troubles Explained

America Economic Troubles Explained | AP Mac | Scoop.it
Learn what is happening in politics, economy, education and citizens rights. America is in serious trouble and your increased awareness is desperately needed. Get informed.
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Fed’s Evans: Bond Buys Can Be Trimmed This Year

Fed’s Evans: Bond Buys Can Be Trimmed This Year | AP Mac | Scoop.it
One of the Federal Reserve's strongest supporters of aggressive stimulus action said Friday the day is nearing when the central bank can slow the pace of its bond buying program.
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U.S. Rep. Bill Huizenga talks during MLive chat about Syria, small government and fiscal policy

U.S. Rep. Bill Huizenga talks during MLive chat about Syria, small government and fiscal policy | AP Mac | Scoop.it
U.S. Rep. Bill Huizenga answered questions on a variety of topics in a live chat with MLive.com readers Thursday afternoon. (MLive Muskegon: U.S. Rep.
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Japan Government Upgrades Economic Assessment

Japan Government Upgrades Economic Assessment | AP Mac | Scoop.it
After 14 long months of “worsening” and “standstills”, Japan’s government finally upgraded its overall economic view on Friday.
nworB ahtnamaS's insight:
From the article: Friday’s assessment follows the BOJ’s announcement the day before that Japan’s economy “is recovering moderately.” In BOJ-speak, that’s a big thumbs up—the strongest endorsement since March 2008 when the central bank said the country’s economy is “expanding moderately.” Together with BOJ Gov. Haruhiko Kuroda nudging the government to go forth with the planned April 2014 sales tax hike, all the good news may give the Prime Minister Shinzo Abe little excuse but to give the green light on the tax hike. Start investing money in Japan?What could be future outcomes?
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