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Jeff Harding: There is a lot of good news to buoy the markets and give cheer to the public. We hear that new jobless claims are down another 15,000 to 358,000, the ninth week of declines out of the last ten, finally breaking below the 400,000 mark. A reduction in unemployment is a very positive sign Read more…
Martin Hutchinson: Forget about lost decades. Forecasts that we’ll be turning Japanese couldn’t be further from the truth. Here’s why. It’s simple, really. Deflation is not in the interest of anybody in power, so it’s very unlikely to happen. Read more…
Jeff Harding: In case you haven’t noticed, the rest of the world continues to slow down and the negative data is accelerating. The big powerhouses of the world, the eurozone including Germany (NYSEARCA:EWG), Japan (NYSEARCA:EWJ), and China (NYSEARCA:FXI) are leading this trend and there is no Read more…
David Zeiler: With credit drying up across Europe we may finally see the Eurozone experience its “Lehman moment” – a replay investment banking collapse that triggered the 2008 financial crisis. Read more…
We had technological difficulties in Maine, however, and couldn’t get the satellite hookup going in time.
Even so, I thought it might be interesting to share the portfolio we were going to discuss. It brings up both an important as well as an interesting topic.
According to Wikipedia, “Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes. It is the opposite of disinflation. It can refer to an economic policy whereby a government uses fiscal or monetary stimulus in order to expand a country’s output.”
Reflation is not necessarily good or bad, of course. The response from the Fed, the Treasury and Congress over the past few quarters probably saved us from a more crushing recession/potential depression. Read more…
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