Wednesday, March 2, 2011

Inflation etc!

1) Tomorrow is another day. But so is today. And so was yesterday.Uncertainlty & volatility abound. Are these the best of times or the worst of times for policy makers? Depends on the policy maker! It's in times like these in Europe, US, the world tht good (& proactive) policy making is most needed. But how many can rise to challenge?

2) Paul Krugman's NYT Op/Ed: Inflation Theorists
There are plenty of inflation hawks in the Eurozone as well!

3) According to the RTE, the Irish national totals stand at: FG 76; Labour 37; FF 20; SF 14; SP 2; PBP 2; Greens 0; Independents 15.
So: 166/2+1 = 84 so FG needs 8 more min majority? Labour's 37 would give it a +30 majority in the Dáil?

4) The EU Council conclusions on Energy 2020: A Strategy for competitive, sustainable & secure energy

5) According to the US DoL: Unemployment Insurance Weekly Claims:
In the week ending Feb 19, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 22,000 from the previous week's revised figure of 413,000. More

6) According to Reuters, the head of the US FDIC has called for big bank restructuring
Why am I so not surprised?
IMO an even bigger overhaul of the global financial system, as a whole, is needed. Do the US or the EU have the policy guts to do it? The public opinions seem to be ready for such bold policy changes after the events of that last 3 years!

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