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In a prepared testimony delivered by US Federal Reserve Chairman Ben reiterated that QE will continue until there are substantial labor market improvement in the US. Since I last reported to this Committee in mid-2012, economic activity in the United States has continued to expand at a moderate if somewhat uneven pace. In particular, real
Quantitative Easing (QE) to Continue – Federal Reserve Read More »
What does men’s underwear have to do with our economy. The NPD Group, Inc., a leading market research company, has shown an uptick in sales of men’s underwear over the past year. Between Aug. 2010 and Aug. 2011, sales for all men’s “underwear bottoms” were roughly $2.074 billion. In the period between Aug. 2011 and
Underwear Economics Read More »
As widely expected the US Federal Reserve Chairman, Ben Bernanke concluded his two-day Federal Open Market Committee meeting with new monetary direction: Key points: Much larger and aggressive move than expected Buying $40 billion worth of mortgage debt per month with no definative end date Focus is on improving the employment outlook Strong short term
Bazooka Hits the Spot Read More »