EconWatch.com > Monetary policy: Whose economy is this? | The Economist

[Free exchange] I think it's right to read the backlash to loose policy, particularly among the older-constituency Republican party, as a sign of the growing divide between the demands of the working and the non-working portions of the American population. The Fed's task will grow ever more difficult as more Americans age into the latter group, and that is a matter of grave concern for those in the former, as Japan's working-age population can certainly attest.

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[Bullfax.com - Market News & Analysis] Whose economy is this? | www.bullfax.com: Japan's central bank announced Friday that it was leaving its super-low interest rates unchanged at 0.1 percent, in the face of mounting concerns about deflation in Asia's biggest economy."Japan's economy is picking up mainly due to various policy measures taken at home and abroad, although the momentum of self-sustaining recovery in domestic private demand remains weak," the Bank of Japan said in a statement."The Bank will provide steady support for Japan's economy to return to a sustainable growth path with price stability," it added.

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[Economics] Whose economy is this? - Economics -: But pensioners may well be more concerned about their own financial situation than about the health of the broader economy. I think it's right to read the backlash to loose policy, particularly among the older-constituency Republican party, as a sign of the growing divide between the demands of the working and the non-working portions of the American population.

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[billy blog] billy blog » Blog Archive » Hyperdeflation, followed by rampant ...: Third, the Greek government should start a serious campaign using electronic records to reduce the serious tax evasion (about 40% of GDP goes unreported) mainly from wealthy households and firms. Fourth, renegotiate the maturing debt, extending the period of repayment at the existing rates or even a haircut and threatening that otherwise it would default, causing the euro to drop and foreign banks (German etc.) to take a severe loss.

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