There is another reason to wear black over the holidays: for those of us who look upon the approach of the festive season with the same level of doom-laden reserve that we would normally muster for a root canal, black seems entirely appropriate.
Backing out of the reserve currency issue and up to the arguably more profound level of culture and belief, China is not interested in a unipolar world.
Slaughter has found a statistically significant relationship between declining unionization and increasing foreign investment across industries in the U.S. Firm-level analysis by Bruce Fallick of the Federal Reserve Board and our colleague Kevin Hassett also finds a negative relationship between unionization and investment.
The book drew its title from a famous remark about the market's heady level by Alan Greenspan, the chairman of the Federal Reserve, in December 1996 (when the Dow stood at a mere 6, 500, 40% less than today).
It cited the positive aspects of the US economy, i.e. its high level of flexibility, independent central bank (The Federal Reserve or Fed), and the ensuing effective monetary policy that has lent support to growth while containing inflationary pressures.
The announcement was a surprise but the idea and reality that the Federal Reserve has strong ideological views on an acceptable level of unemployment is not.
FORBES: The Fed's New NAIRU: Evil Enough To Unite Democrats And Republicans
The meeting comes as recognition that landscape-level planning applied to the biosphere reserve zonation concept requires the consideration of mining activities.
"To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve's holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities, " the FOMC says, adding it will continue to roll over the Federal Reserve's holdings of Treasury securities as they mature.
The velocity of M2 is today only 1.575, the lowest level recorded by the Federal Reserve (it was 1.9 in 2008 and peaked in 1998 at just over 2.1).
But the Federal Reserve's bringing inflation down to a near-nonexistent level was the equivalent of a tax cut, overwhelming the damage done by those tax increases.
Bank of America and Wells Fargo are also big card issuers, with reserve loss coverages of 35% and 48%, respectively, below the average level for large banks.
The Federal Reserve should keep the basic value of the dollar steady rather than worry about the level of the stock market or fret about the length or strength of the economic expansion.
Argentina's inflexible currency-board scheme not only pegs the peso at par to the dollar but limits the money supply to the level of hard-currency reserves, in effect turning monetary policy over to the United States' Federal Reserve.
The USDA said Wednesday the U.S. supply of soybeans will decline by Aug. 31 to 140 million bushels, a reserve equal to 4.2% of annual consumption, which would be the tightest level in about three decades.
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