US Federal Reserve

Authored by Mike Shedlock via MishTalk.com,

The debate over productivity rages on. Some believe productivity is understated. Others believe it is overstated.

Janet Yellen believes a lack of strong productivity gains may be responsible for tepid wage gains.

Financial Times writer Edward Luce is confused, as are many others. Luce discusses The Mystery of Weak US Productivity.

Osborne on Productivity

In 2105, then UK chancellor George Osborne made boosting UK Productivity a Priority.

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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

Authored by Kevin Muir via The Macro Tourist blog,

The Fed has a new message. So far the market is not listening, but it should be, as the shift will have a profound effect on financial markets.

We can now close the case on who leaked that confidential, market-moving data to Medley global back in 2012: it was Richmond Fed's Jeffrey Lacker, who previously was expected to retire in October, and  is resigning immediately.

In a statement, Lacker confirms he revealed confidential FOMC information to Medley Global and that he lied to the Fed's general counsel on at least two occasions. His full statement is below:

Statement Of Dr. Jeffrey Lacker

 

Authored by Mark St.Cyr,

There’s an old truism people forget all too often. It has many variations and is attributed to even more, its core meaning goes something like this:

“If the government can give it to you, than it can also take it away.”