Monday, May 12, 2014

SUNDAY 5/11/14

Happy Mothers Day. Fed’s Lockhart provides his once per month speech from Dubaii and is concerned over low inflation (central bankers cannot bring themselves to say the ‘D’ word; deflation). He is worried over the tepid growth but says “ther is a very high bar to change the tapering decision.” Thus, QE is on track to end later this year. Lockhart says H2 of 2015 is his targeted area for a rate hike but this scenario is not cast in stone.






[Text is Redacted: Purchase May 2014-05 to Read the Complete Chronology]








London is the city with the most billionaires more than Moscow or New York. Interestingly, however, only one-third are British so obviously the wealthy seek out the lower tax areas.

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