Sunday, December 4th, 2016 MST

IMF tells Japan to print more

In a statement that could not have been more blunt, last week the IMF told Japan that it needs to print more money to ensure that its economy will not slip into recession.  Specifically, the IMF wants the Bank of Japan to push inflation to 2 percent.  Japan’s inflation rate is near zero.

Weakening economy scares Chinese

In a move that is supposed to fillip economic activity, China’s central bank cut interest rates again.  While interest rates in China are not at near zero levels as in the US, the move further signifies that the Bank of China has fully embraced Keynesian economics, which have not stimulated economic activity in the US

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