The loosening or tightening of the U.S. money supply has enormous worldwide implications.
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Because of deficit budget cuts, states are either eliminating or tightening eligibility requirements for child care programs that used to serve the working poor.
Or credit tightening in China, political instability in Turkey or inflation in Brazil.
Many remain working on consolidation patterns or constructively tightening up, and some are even forming handles with slight pullbacks that consolidate gains.
The first half of the year was marked by what HSBC likes to call quantitative tightening or QT.
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Was 2.87% still a bargain compared to historical prices in the industry or had the tightening made the offer too expensive?
China can reverse or unwind the tightening policies they have been implementing and thereby provide more fiscal support, such as subsidies to key industries and consumers.
Tightening or loosing the availability of capital, which the Federal Reserve has power over, will not change the balance of oil production to refinery capacity or make the oil producing nations politically stable.
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All the Fed has to do is look at the market price of gold: If it moves outside a certain narrow range, the monetary authorities should react by either tightening or loosening the money supply.
Some enthusiasts also forecast voice-activated internet connection without a mouse or keyboard, but tightening rules against driver distractions may stop this before it gets going.
For nearly two years now the Fed, advertently or inadvertently, has been tightening money.
Auto lenders responded by tightening up standards or in some extreme cases bailing out of auto lending entirely.
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The same is true of hostel owners, because backpackers are either tightening their belts or are being put off coming.
Most analysts think that the current cycle of monetary tightening is at or near its end, particularly since the latest GDP figures were so disappointing.
Or, would the Fed tightening trigger a double dip recession?
It alleviates panic and buys time, but does not eliminate the underlying losses, get rid of the uncertainty about who holds them, or prevent the inevitable credit tightening that will follow.
Put it another way, there's no point loosening now to help growth if you are only going to pay just as much - in growth terms - tightening next year, or the year after, instead.
Although the bond-market bulls put a slowdown in the housing market at the centre of their arguments for determining whether or not the Fed ends its tightening cycle, others believe it is not as clear cut.
The latest statement from the Federal Open Market Committee of the U.S. Federal Reserve, was just a bit more hawkish on U.S. monetary policy, hinting that some pre-emptive monetary policy tightening could occur, or at least reduced accommodative Fed actions, in the next year and-a-half.
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They will decline in value, which will quickly make the Fed insolvent, and a further liability to the people of the US. So either the Fed sells the bonds and reduces bank reserves, further tightening an already tightening lending market, or it really weakens its balance sheet.
He suggests either moving into cash and bonds or, for more active traders, tightening stop limits and using put options.
The level of the index reflects the looseness of financial conditions: an increase in interest rates or the exchange rate leads to a tightening, a rise in share prices to a loosening.
If we survive until 2015 or 2016, then the trigger will be tightening monetary policy.
Some companies where investors defeated or narrowly approved their pay practices reacted by tightening ties between pay and corporate performance.
Fears of a sharp slowdown, or hard landing, due to over-tightening by monetary officials appear to have been mollified by the reports.
Or are you simply assuming that efficiency, belt tightening, is good?
The Open Markets Committee will have to make a horrific choice: fight inflation by tightening policy into a weakening economy, or fight recession by allowing inflation to burn out of control.
And even if Washington never gets around to an energy or climate bill, state renewable portfolio standards and tightening federal emissions regulations are going to keep demand for renewables from falling too far.
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