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FOMC Minutes and Economic Projections: Dissent in Both Directions

MishTalk

percent for 2014, and 2.9 Participants also described their views regarding the appropriate path of the Federal Reserves balance sheet. Many other participants anticipated that it likely would be appropriate to continue purchases into 2014. percent at the end of 2014, and 5.8 The Outlook for Economic Activity.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Overoptimism 2011-2013 A notable feature of the SEP growth forecasts for 2011 through 2013 are the extremely high starting values—around 4% or higher. The overoptimistic SEP growth forecasts for 2011 through 2013 were eventually cut in half, each ending around 2%. The actual growth rate for 2009 was –0.24%.

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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

They are happy for the financial sector to experiment with new products on- and off-balance sheet, allowing the system gently to displace state allocation of capital through decreed interest rates, loan quotas, loan-to-deposit ratios and specific credit restrictions. per cent, bringing the gap down by an impressive three-quarters.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

output comes from fracking operations that have cut costs dramatically since slumping prices in 2014 forced dozens of companies into bankruptcy. oil production, up from a mere 10% just seven years ago in 2011. Most major producers with large balance sheets will likely hedge their bets and attempt both. The soaring U.S.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Bond Girl, using the Twitter handle @munilass, had been posting commentary about state and city borrowing and issues beyond public finance since April 2011. From 2009 to 2011, the city used $320 million from the Metered Parking Reserves. It is not a balance sheet test, but a cash flow test.