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Debate Over Fed's Exit Strategy Continues: Bernanke vs. Dudley vs. Yellen

MishTalk

Yesterday, former fed chair Ben Bernanke said " No Need for Fed to Shrink Balance Sheet ". The Federal Reserve does not need to shrink its $4 trillion-plus balance sheet by even "a dime" for it to normalize monetary policy when the time comes, former Fed Chair Ben Bernanke said on Monday.

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Human Resources Management – How to Get Started

Tom Spencer

Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. This could include compensation strategy, change of leadership, employee concerns, and a plethora of other projects.

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James Grant Conference Video: Inflation Expectations, Growth, Policy Problems; Europe Has Become Japan

MishTalk

Here''s an interesting video from the recent James Grant Conference. The title of this year''s conference is Investing Opportunistically, Separating the Beta from the Alpha. It is that money that has no counterpart on the balance sheet of a central bank indicating that it''s a liability. It''s money pure.

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ECB Now a Hedge Fund; €1T Bazooka; ECB Promotes Euro Carry Trade; Draghi Has it Backwards

MishTalk

Please consider an ECB Press Conference Q&A (not available when I commented yesterday). Question: Mr Draghi, you said that the new measures and the TLTROs will have a sizeable impact on your balance sheet. An increase in the ECB''s balance sheet to that size would imply something on the order of one trillion euros.

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"Whatever It Takes" Stage Two; Headwinds Explain Why Draghi Will Fail This Time

MishTalk

Having already cut interest rates to record lows and saying they can go no lower, Draghi is now focused on boosting the ECB’s balance sheet. We are quite confident that the impact on our balance sheet size will be adequate, will be significant, will be sizable,” Draghi said. trillion] more than the current level.

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Nothing Magical About 2% Inflation Target Says Bernanke

MishTalk

I don’t see anything magical about targeting 2 percent inflation ,” Bernanke told a conference in Washington sponsored by the International Monetary Fund. I don’t see anything magical about targeting 2 percent inflation,” he told a conference in Washington sponsored by the International Monetary Fund.

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Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game

MishTalk

At a press conference to explain the ECB''s latest decision, Mr Draghi said: "There is going to be a low level of inflation for a protracted period of time, but deflation? The ECB balance sheet has plummeted to 23pc of eurozone GDP from a peak of 32pc in July 2012. Eurozone inflation slowed to 0.7% in January from 0.8%