KTFA:
Thunderhawk: They know it's comming ! Diamonds are a girls best friend !
Mountainman: Well.....In the New Reality that Require Hard ASSETS......Yes I can See WHY their PRICES are Adjusting Upward.....Real Estate being sucked Up Currently like Frank and His COOKIES.....LOL.....So Now they take Advantage "Knowing" WHAT'S Around the Corner.....IMO Blessings,Mountainman (8)=New Beginnings
BACKDOC: OBVIOUSLY THE DEBEERS FAMILY IS LISTENING TO CHRISTINE LEGARDE! HEE HEE
WHY ELSE WOULD THEY BE RAISING PRICES WHEN COMMODITIES AND WORLD ECONOMIES ARE UNDER PRESSURE?
COULD IT BE THAT A WHOLE LOT OF NEW RICH FOLKS WILL BE SHOPPING SOON? MMMM DOC IMO
....
Thunderhawk: They know it's comming ! Diamonds are a girls best friend !
Mountainman: Well.....In the New Reality that Require Hard ASSETS......Yes I can See WHY their PRICES are Adjusting Upward.....Real Estate being sucked Up Currently like Frank and His COOKIES.....LOL.....So Now they take Advantage "Knowing" WHAT'S Around the Corner.....IMO Blessings,Mountainman (8)=New Beginnings
BACKDOC: OBVIOUSLY THE DEBEERS FAMILY IS LISTENING TO CHRISTINE LEGARDE! HEE HEE
WHY ELSE WOULD THEY BE RAISING PRICES WHEN COMMODITIES AND WORLD ECONOMIES ARE UNDER PRESSURE?
COULD IT BE THAT A WHOLE LOT OF NEW RICH FOLKS WILL BE SHOPPING SOON? MMMM DOC IMO
....
Thunderhawk: Backdoc Alert…..
De Beers Said to Raise Diamond Prices for First Time Since 2014
De Beers Said to Raise Diamond Prices for First Time Since 2014
De Beers raised diamond prices for the first time in more than a year in a sign the industry may be recovering from the biggest slump since the 2008 financial crisis.
The biggest producer, a unit of Anglo American Plc, raised prices as much as 2 percent in a sale this week, according to three people familiar with the process. The ongoing sale may be comparable in size to De Beers’ prior $610 million offering of rough diamonds, said the people, who asked not to be identified as the information isn’t public.
Slowing demand from China and an industry-wide credit crunch led De Beers to lower prices about 15 percent last year. While the company, along with rival Alrosa PJSC, responded by cutting off supply to try to support the market, prices fell a further 7 percent in January. A spokesman for De Beers declined to comment on the latest sale.
Banks such as Liberum Capital Ltd. remain skeptical that a price rebound can be sustained and demand gains are anything more than cutters, polishers and traders replenishing supply. Liberum said last month that it might take at least another year to recover, while miner Gem Diamonds Ltd. said it’s still to early to tell whether a recovery will stick.
De Beers, which doesn’t reveal details of its sales, last raised prices in the second of half of 2014, according to one of the people.
The company, which offers diamonds at 10 sales a year known as sights, offloaded $540 million of gems in January and $610 million in February. Alrosa sold about $780 million in its first two offerings of the year.
http://ift.tt/1qwpwyH
************
Mountainman: A Yah..........They Better be Cozy.....The GOLDEN TRIANGLE has {NO SEPARATIONS} Right???.....$$$....Like the Bermuda TRIANGLE=Once Your In......You DON'T Come Back OUT......Yikes.....IMO Blessings,Mountainman (8)=New Beginnings
Walkingstick: Russia cancels the banking embargo on Iran
07.04.2016 14:45 •
[Where - Follow - up] Foreign Minister Sergei Lavrov during a meeting with his Iranian counterpart , Mohammad Javad Zarif , his country 's support for Iran 's full accession to the Shanghai Cooperation Organization, said: Russian President issued an order on the abolition of banking embargo on Iran.
He met Zarif , who is visiting Baku to his Russian counterpart , Sergei Lavrov , the two sides discussed bilateral cooperation in various fields and regional and international issues.
Zarif cited the growing ties between Iran and Russia , stressing the need to strengthen the banking and consular cooperation bilaterally to facilitate cooperation between Allbidin.
He pointed to the evolution in the field of enhancing economic co - operation and the reduction of customs tariffs and facilitate customs regulations between the two countries, describing the Russian - Iranian agreement to find agreen corridor of customs inspired noting at the same time and there are many areas to enhance cooperation between the two countries.
http://ift.tt/20b6hXi
**************
BACKDOC: WITH QE NOT WORKING WELL ANYMORE, IT APPEARS TO BE A BACKSTOP UNTIL THE STRUCTURAL REFORMS ARE ACTIVATED LIKE CHRISTINE SAYS!
YES THE IMF IS ON ALERT! FOR WHAT? FOR SOMETHING OTHER THAN QE AND INTEREST RATE CHANGES! SOMETHING OF A STRUCTURAL NATURE! MMMM
WITH NO GROWTH IN THE WORLD ECONOMIES WE ARE A BREATH AWAY FROM IMPLOSION! WHAT IS IT THAT IS STRUCTURAL IN NATURE THAT EMERGING COUNTRIES CAN DO TO ACTIVATE? MMMM
WOULD INCREASE PURCHASING POWER CHANGE THINGS? HEE HEE DOC IMO
THUNDERHAWK: #4 QE is not working anymore ! Hello POP the cork !
Don961: like a monetary reform of some type CL ????? .........for life to thrive , there must be movement .....Thanks DOC
Thunderhawk: Backdoc Alert
Japan Is Fast Approaching the Quantitative Limits of Quantitative Easing
The Bank of Japan is running out of government bonds to buy.
The central bank's would-be counterparties have become increasingly unwilling to sell the debt that monetary policymakers have pledged to buy, and the most recently issued 30-year Japanese bond didn't record a single trade during a session last week as existing owners opted to hoard their holdings.
The central bank in the land of the rising prices sun has set a target of 80 trillion yen ($733 billion) in government bond purchases per year in its continued attempts to slay deflation, an amount that's more than double the pace of new bond issuance planned by the Ministry of Finance and about 16 percent of gross domestic product.
But safe assets like government debt aren't just attractive to central banks looking to force investors into riskier asset classes and push down the cost of borrowing or to pensioners looking for a reliable source of income—they're also in high demand by financial institutions for use as collateral.
That's because where there is a dearth of safe assets, there is also an incentive and tendency for them to be manufactured; that is, improperly labeled as such. Past results certainly haven't been pretty.
As the Bank of Japan begins to rub up against the technical constraints of its asset purchase program, Jefferies Group LLC Chief Global Equity Strategist Sean Darby proposes a radical solution: consolidate some of the Bank of Japan's existing holdings of debt into a perpetual bond—that is, one with no maturity and therefore no principal repayment—with a coupon of zero.
"There is a growing realization that there are effective limits to how much more Japanese government bonds can be acquired," he writes. "The BoJ is approaching a shortage of Japanese government bonds for the central bank to buy, as commercial banks, pension and insurance funds have run down their holdings."
Darby cited a working paper from the International Monetary Fund which concluded the collateral needs of financial institutions were such that the Bank of Japan might be forced to begin tapering its purchases of sovereign debt in 2017 or 2018, to bolster his case.
The thinking here is that as the Bank of Japan reaches the quantitative limits of quantitative easing, the issuance of such a perpetual bond that costs nothing to service would be a way to offer the government a blank cheque to proceed with fiscal stimulus such as boosting spending or cutting taxes.
The strategist believes the Bank of Japan will drop hints about its intention to pursue such a plan at its April meeting.
The Bank of Japan's decision to shock investors and adopt a negative rate regime in January—one week after Governor Haruhiko Kuroda said such a move wasn't needed at the time—was spurred by a desire to push yields at the longer end of the curve as low as possible in preparation for the consolidation of existing debt into a zero coupon bond, according to Darby.
"The authorities are attempting to push bond yields down below existing nominal GDP, so that the existing debt can be converted or 'consolidated' into a perpetual zero coupon bond presumably before any 'tapering announcement,'" he writes.
Whether this extreme step will ever be taken—in particular on the timetable the strategist suggests (i.e. ahead of the elections scheduled for this summer)—is highly questionable.
But Darby's suggestion does underscore that with Japan unable to declare 'mission accomplished' on its quest for reflation and a shortage of bonds looming, it's time to consider Plan (perpetual) B.
(Corrects scope of purchases relative to issuance, GDP in third paragraph, adds currency conversion.)
http://ift.tt/20b6hXm
************
Thunderhawk: and the blockade continues ! sorry US this is a members ONLY club and your not invited ! Republicans offer bill ? Yeah right ! WE know better than that don't we Family?
BACKDOC: WITH EVERY COUNTRY ON THE PLANET NOW ENGAGING WITH IRAN THIS IS NOTHING MORE THAN FLUFF OR DRAMA IMO!
ON ONE HAND WE SEE IRAN COOPERATING NICELY WITH THE U.S. ON PREVENTING THE ABADI OVERTHROW AND WE DO THIS? MMMM
COULD IT BE THEY ARE JUST PROTECTING IRANS MONETARY REFORM? LET'S SEE WHAT HAPPENS AFTER A RATE SHOWS UP! HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
Republicans offer bill to block potential Iran dollar use
Two Republican U.S. senators who oppose the nuclear agreement with Iran introduced a bill on Wednesday that would keep Iran from gaining even indirect access to the U.S. financial system or using U.S. dollars in business transactions.
The measure introduced by Senators Mark Kirk and Marco Rubio came amid media reports that U.S. officials were moving toward allowing such transactions. President Barack Obama has denied having such plans.
The legislation would prohibit the president from issuing any license for conducting an offshore U.S. dollar clearing system for Iranian transactions or providing any such system with U.S. dollars.
It also would impose secondary sanctions on any financial institution found to be participating in any offshore dollar clearing system with Iran.
State Department spokesman Mark Toner acknowledged the United States was advising banks and other businesses about how to conduct business with Tehran without running afoul of U.S. authorities, but that does not involve converting money to dollars.
"These banks don’t want to violate existing sanctions," he said, "but they are allowed to under certain condition to do business with Iran, so we do consider it as an obligation on how to counsel them."
Along with some of Obama's fellow Democrats, congressional Republicans unanimously opposed the deal announced in July in which Iran agreed to scale back its nuclear program in exchange for sanctions relief.
Several lawmakers have been working on legislation since to keep tight controls on Iran, especially over its repeated ballistic missile tests since late last year.
U.S. Representative Ed Royce, the Republican chairman of the House Foreign Affairs Committee, published a column in the Washington Post on Wednesday saying Obama was so eager to preserve a signature foreign policy agreement that he would consider measures that would let Iran "launder dollars while the administration looked the other way."
The issue is particularly potent in this U.S. election year, when Americans will pick a new president, and every member of the House and one-third of senators are up for re-election. The three remaining Republican presidential candidates have all vowed to tear up or back away from the nuclear deal, which Obama administration officials say would be calamitous.
Rubio suspended his 2016 presidential campaign last month, and Kirk's Senate re-election race is seen as one of this year's most competitive.
http://ift.tt/20b6gmv
****************
Thunderhawk: WOW - Where did this come from? ANYTIME?
DOC come on Brother you got to say somthing about this !
BACKDOC: IN LIGHT OF CHRISTINE'S COMMENTS THE MARKET COULD GET AN APRIL SURPRISE! HEE HEE TIME WILL TELL.
SHE SAID THE IMF WAS ON ALERT NOT ALARM! IF WE SEE A STRUCTURAL RATE CHANGE FOR CERTAIN EMERGING COUNTRIES, THE WORLD ECONOMIES WILL BE OFF TO THE RACES AND THE FED MAY PULL THE TRIGGER ON A RATE HIKE! DOC IMO
Mountainmaan: Sheesh HAWK......The {HITS} are Playin TODAY......I take this as....We are MOVING FORWARD......w/ A New Global Paradigm Shift ......and We Are (READY) at {ANYTIME} to do So !!!!!!!!........IMO
(8)=New Beginnings,Indeed........for TOMORROW is the 8th......Hmmmm
Thunderhawk: Backdoc Alert
Fed 'reserves the right' to raise rates at any time: Bullard
The Federal Reserve could raise interest rates at any meeting, or even in between meetings, St. Louis Fed President James Bullard said on Wednesday.
"I am not saying I'm planning on that or anything but the committee certainly reserves the right to make a move at any time," he said in a Bloomberg Radio interview.
"We debate at all meetings. I think all meetings are live meetings, there's no other way to think about it."
http://ift.tt/20b6gCN
The biggest producer, a unit of Anglo American Plc, raised prices as much as 2 percent in a sale this week, according to three people familiar with the process. The ongoing sale may be comparable in size to De Beers’ prior $610 million offering of rough diamonds, said the people, who asked not to be identified as the information isn’t public.
Slowing demand from China and an industry-wide credit crunch led De Beers to lower prices about 15 percent last year. While the company, along with rival Alrosa PJSC, responded by cutting off supply to try to support the market, prices fell a further 7 percent in January. A spokesman for De Beers declined to comment on the latest sale.
Banks such as Liberum Capital Ltd. remain skeptical that a price rebound can be sustained and demand gains are anything more than cutters, polishers and traders replenishing supply. Liberum said last month that it might take at least another year to recover, while miner Gem Diamonds Ltd. said it’s still to early to tell whether a recovery will stick.
De Beers, which doesn’t reveal details of its sales, last raised prices in the second of half of 2014, according to one of the people.
The company, which offers diamonds at 10 sales a year known as sights, offloaded $540 million of gems in January and $610 million in February. Alrosa sold about $780 million in its first two offerings of the year.
http://ift.tt/1qwpwyH
************
Mountainman: A Yah..........They Better be Cozy.....The GOLDEN TRIANGLE has {NO SEPARATIONS} Right???.....$$$....Like the Bermuda TRIANGLE=Once Your In......You DON'T Come Back OUT......Yikes.....IMO Blessings,Mountainman (8)=New Beginnings
Walkingstick: Russia cancels the banking embargo on Iran
07.04.2016 14:45 •
[Where - Follow - up] Foreign Minister Sergei Lavrov during a meeting with his Iranian counterpart , Mohammad Javad Zarif , his country 's support for Iran 's full accession to the Shanghai Cooperation Organization, said: Russian President issued an order on the abolition of banking embargo on Iran.
He met Zarif , who is visiting Baku to his Russian counterpart , Sergei Lavrov , the two sides discussed bilateral cooperation in various fields and regional and international issues.
Zarif cited the growing ties between Iran and Russia , stressing the need to strengthen the banking and consular cooperation bilaterally to facilitate cooperation between Allbidin.
He pointed to the evolution in the field of enhancing economic co - operation and the reduction of customs tariffs and facilitate customs regulations between the two countries, describing the Russian - Iranian agreement to find agreen corridor of customs inspired noting at the same time and there are many areas to enhance cooperation between the two countries.
http://ift.tt/20b6hXi
**************
BACKDOC: WITH QE NOT WORKING WELL ANYMORE, IT APPEARS TO BE A BACKSTOP UNTIL THE STRUCTURAL REFORMS ARE ACTIVATED LIKE CHRISTINE SAYS!
YES THE IMF IS ON ALERT! FOR WHAT? FOR SOMETHING OTHER THAN QE AND INTEREST RATE CHANGES! SOMETHING OF A STRUCTURAL NATURE! MMMM
WITH NO GROWTH IN THE WORLD ECONOMIES WE ARE A BREATH AWAY FROM IMPLOSION! WHAT IS IT THAT IS STRUCTURAL IN NATURE THAT EMERGING COUNTRIES CAN DO TO ACTIVATE? MMMM
WOULD INCREASE PURCHASING POWER CHANGE THINGS? HEE HEE DOC IMO
THUNDERHAWK: #4 QE is not working anymore ! Hello POP the cork !
Don961: like a monetary reform of some type CL ????? .........for life to thrive , there must be movement .....Thanks DOC
Thunderhawk: Backdoc Alert
Japan Is Fast Approaching the Quantitative Limits of Quantitative Easing
The Bank of Japan is running out of government bonds to buy.
The central bank's would-be counterparties have become increasingly unwilling to sell the debt that monetary policymakers have pledged to buy, and the most recently issued 30-year Japanese bond didn't record a single trade during a session last week as existing owners opted to hoard their holdings.
The central bank in the land of the rising prices sun has set a target of 80 trillion yen ($733 billion) in government bond purchases per year in its continued attempts to slay deflation, an amount that's more than double the pace of new bond issuance planned by the Ministry of Finance and about 16 percent of gross domestic product.
But safe assets like government debt aren't just attractive to central banks looking to force investors into riskier asset classes and push down the cost of borrowing or to pensioners looking for a reliable source of income—they're also in high demand by financial institutions for use as collateral.
That's because where there is a dearth of safe assets, there is also an incentive and tendency for them to be manufactured; that is, improperly labeled as such. Past results certainly haven't been pretty.
As the Bank of Japan begins to rub up against the technical constraints of its asset purchase program, Jefferies Group LLC Chief Global Equity Strategist Sean Darby proposes a radical solution: consolidate some of the Bank of Japan's existing holdings of debt into a perpetual bond—that is, one with no maturity and therefore no principal repayment—with a coupon of zero.
"There is a growing realization that there are effective limits to how much more Japanese government bonds can be acquired," he writes. "The BoJ is approaching a shortage of Japanese government bonds for the central bank to buy, as commercial banks, pension and insurance funds have run down their holdings."
Darby cited a working paper from the International Monetary Fund which concluded the collateral needs of financial institutions were such that the Bank of Japan might be forced to begin tapering its purchases of sovereign debt in 2017 or 2018, to bolster his case.
The thinking here is that as the Bank of Japan reaches the quantitative limits of quantitative easing, the issuance of such a perpetual bond that costs nothing to service would be a way to offer the government a blank cheque to proceed with fiscal stimulus such as boosting spending or cutting taxes.
The strategist believes the Bank of Japan will drop hints about its intention to pursue such a plan at its April meeting.
The Bank of Japan's decision to shock investors and adopt a negative rate regime in January—one week after Governor Haruhiko Kuroda said such a move wasn't needed at the time—was spurred by a desire to push yields at the longer end of the curve as low as possible in preparation for the consolidation of existing debt into a zero coupon bond, according to Darby.
"The authorities are attempting to push bond yields down below existing nominal GDP, so that the existing debt can be converted or 'consolidated' into a perpetual zero coupon bond presumably before any 'tapering announcement,'" he writes.
Whether this extreme step will ever be taken—in particular on the timetable the strategist suggests (i.e. ahead of the elections scheduled for this summer)—is highly questionable.
But Darby's suggestion does underscore that with Japan unable to declare 'mission accomplished' on its quest for reflation and a shortage of bonds looming, it's time to consider Plan (perpetual) B.
(Corrects scope of purchases relative to issuance, GDP in third paragraph, adds currency conversion.)
http://ift.tt/20b6hXm
************
Thunderhawk: and the blockade continues ! sorry US this is a members ONLY club and your not invited ! Republicans offer bill ? Yeah right ! WE know better than that don't we Family?
BACKDOC: WITH EVERY COUNTRY ON THE PLANET NOW ENGAGING WITH IRAN THIS IS NOTHING MORE THAN FLUFF OR DRAMA IMO!
ON ONE HAND WE SEE IRAN COOPERATING NICELY WITH THE U.S. ON PREVENTING THE ABADI OVERTHROW AND WE DO THIS? MMMM
COULD IT BE THEY ARE JUST PROTECTING IRANS MONETARY REFORM? LET'S SEE WHAT HAPPENS AFTER A RATE SHOWS UP! HEE HEE DOC IMO
Thunderhawk: Backdoc Alert
Republicans offer bill to block potential Iran dollar use
Two Republican U.S. senators who oppose the nuclear agreement with Iran introduced a bill on Wednesday that would keep Iran from gaining even indirect access to the U.S. financial system or using U.S. dollars in business transactions.
The measure introduced by Senators Mark Kirk and Marco Rubio came amid media reports that U.S. officials were moving toward allowing such transactions. President Barack Obama has denied having such plans.
The legislation would prohibit the president from issuing any license for conducting an offshore U.S. dollar clearing system for Iranian transactions or providing any such system with U.S. dollars.
It also would impose secondary sanctions on any financial institution found to be participating in any offshore dollar clearing system with Iran.
State Department spokesman Mark Toner acknowledged the United States was advising banks and other businesses about how to conduct business with Tehran without running afoul of U.S. authorities, but that does not involve converting money to dollars.
"These banks don’t want to violate existing sanctions," he said, "but they are allowed to under certain condition to do business with Iran, so we do consider it as an obligation on how to counsel them."
Along with some of Obama's fellow Democrats, congressional Republicans unanimously opposed the deal announced in July in which Iran agreed to scale back its nuclear program in exchange for sanctions relief.
Several lawmakers have been working on legislation since to keep tight controls on Iran, especially over its repeated ballistic missile tests since late last year.
U.S. Representative Ed Royce, the Republican chairman of the House Foreign Affairs Committee, published a column in the Washington Post on Wednesday saying Obama was so eager to preserve a signature foreign policy agreement that he would consider measures that would let Iran "launder dollars while the administration looked the other way."
The issue is particularly potent in this U.S. election year, when Americans will pick a new president, and every member of the House and one-third of senators are up for re-election. The three remaining Republican presidential candidates have all vowed to tear up or back away from the nuclear deal, which Obama administration officials say would be calamitous.
Rubio suspended his 2016 presidential campaign last month, and Kirk's Senate re-election race is seen as one of this year's most competitive.
http://ift.tt/20b6gmv
****************
Thunderhawk: WOW - Where did this come from? ANYTIME?
DOC come on Brother you got to say somthing about this !
BACKDOC: IN LIGHT OF CHRISTINE'S COMMENTS THE MARKET COULD GET AN APRIL SURPRISE! HEE HEE TIME WILL TELL.
SHE SAID THE IMF WAS ON ALERT NOT ALARM! IF WE SEE A STRUCTURAL RATE CHANGE FOR CERTAIN EMERGING COUNTRIES, THE WORLD ECONOMIES WILL BE OFF TO THE RACES AND THE FED MAY PULL THE TRIGGER ON A RATE HIKE! DOC IMO
Mountainmaan: Sheesh HAWK......The {HITS} are Playin TODAY......I take this as....We are MOVING FORWARD......w/ A New Global Paradigm Shift ......and We Are (READY) at {ANYTIME} to do So !!!!!!!!........IMO
(8)=New Beginnings,Indeed........for TOMORROW is the 8th......Hmmmm
Thunderhawk: Backdoc Alert
Fed 'reserves the right' to raise rates at any time: Bullard
The Federal Reserve could raise interest rates at any meeting, or even in between meetings, St. Louis Fed President James Bullard said on Wednesday.
"I am not saying I'm planning on that or anything but the committee certainly reserves the right to make a move at any time," he said in a Bloomberg Radio interview.
"We debate at all meetings. I think all meetings are live meetings, there's no other way to think about it."
http://ift.tt/20b6gCN
BACKDOC: SEE WHAT I MEAN? THEY ARE LOOKING FOR SOMETHING MORE STRUCTURAL NOT JUST MORE STIMULUS!
Mountainman: Don't YOU Worry BULLARD.....Because You Are About to RECEIVE.....What You have Conceived in Your MIND.......A LAUNCH is "Not to Far AWAY".......IMO
Thunderhawk: Backdoc Alert
U.S. needs long-term growth plan, not more stimulus: Fed's Bullard
The United States needs a long-term economic plan including tax and education reform to revive growth, not rely on more monetary or fiscal stimulus for a short-term boost, St. Louis Fed President James Bullard said on Wednesday.
"The U.S. needs a medium-term growth strategy that is less oriented towards stabilization policy, stimulus, and is more oriented to what kinds of things would improve the long term and medium term growth prospects," Bullard said. "Tax reform is in that category. Education reform is in that category. Immigration reform is in that category. There are a host of things that would not have immediate impact...but if you look out five to ten years would have handsome payoffs."
Bullard has been concerned about that possibility that monetary policy has lost its punch after years stuck near zero. He spoke at an economic address at the St. Louis Fed.
http://ift.tt/20b6gCR
Mountainman: Don't YOU Worry BULLARD.....Because You Are About to RECEIVE.....What You have Conceived in Your MIND.......A LAUNCH is "Not to Far AWAY".......IMO
Thunderhawk: Backdoc Alert
U.S. needs long-term growth plan, not more stimulus: Fed's Bullard
The United States needs a long-term economic plan including tax and education reform to revive growth, not rely on more monetary or fiscal stimulus for a short-term boost, St. Louis Fed President James Bullard said on Wednesday.
"The U.S. needs a medium-term growth strategy that is less oriented towards stabilization policy, stimulus, and is more oriented to what kinds of things would improve the long term and medium term growth prospects," Bullard said. "Tax reform is in that category. Education reform is in that category. Immigration reform is in that category. There are a host of things that would not have immediate impact...but if you look out five to ten years would have handsome payoffs."
Bullard has been concerned about that possibility that monetary policy has lost its punch after years stuck near zero. He spoke at an economic address at the St. Louis Fed.
http://ift.tt/20b6gCR
via Dinar Recaps - Our Blog http://ift.tt/1qwpw1N
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