BREAKING NEWS!! Fed is now openly discussing NGDP targeting

BREAKING NEWS!! Fed is now openly discussing NGDP targeting
This is huge news...more to come... News updates Marketwatch And a bit of negative spin on the news from the Journal. What can I say...WAUW! Good work Scott Sumner and all you other hard blogging Market Monetarists out there... A month ago nobody was talking about NGDP targeting. Now it is all over the media - and any financial market participant who want to be on top of things will have to get used to talk about NGDP targeting. This is now a market theme. And yes, yes I know this is just discussions and Bernanke is not on board - yet. Nonetheless I think Scott can be very proud today! I have been saying we are in 1931 - European debt problems - but we are now moving towards 1933 when FDR de-pegged from gold. I guess the US now is in 1932 - maybe even late 1932. PS I still think Bernanke needs to invite Scott for lunch...


WORLD LEADING ADVISORY SPECIALISING IN THIS TOPIC

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