Tag Archive for Household Spending

FRB: Testimony–Bernanke, Economic Outlook and Policy–June 7, 2012

Chairman Casey, Vice Chairman Brady, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and economic policy. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the…

UK Retail Spending Flat in May- Visa

Latest data showed that household spending in the UK was flat during May, following a sharp fall in April. The underlying trend in spending remained weak, with an accelerated decline seen on the 3m/3m measure (-1.1% in May, compared to April’s -0.7%). Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates,…

My FOMC Statement

The Fed’s anointed ones in the media and in the earlier release of the TBAC statement this morning said that the Fed would do $100 billion a month in purchases of longer term Treasuries. Lo and behold the Fed came in light at $75 billion a month, disappointing the market initially. This is more than…