Submitted by Mike Shedlock via MishTalk.com,
Fed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“.
The Federal Reserve does not see “broadly unsustainable asset prices,” a senior U.S. central banker said Saturday, with financial excesses stemming from almost a decade of ultralow interest rates “isolated.”
A new peer reviewed study looking at the effects on GMOs has concluded that GM food causes “profound damage” to the body. The study, published in the journal Experimental and Toxicologic Pathology and entitled, “Effect of genetically modified corn on the jejunal mucosa of adult male albino rat.,” shows serious damage in the intestines of rats after they were fed GM corn for 90 days. Naturalblaze.com reports: The specific type of corn fed to the rats was MON810: Ajeeb YG. This is a GM version of Ajeeb, which is a local species of corn grown in Egypt.
Submitted by Tho Bishop via The Mises Institute,
This week the 115th Congress was sworn in, and there are some indications that Fed reform may be on the agenda. The combination of populist anger fueled by Ron Paul’s Presidential campaigns and the 2008 financial crisis coupled with the repeated failings of the Federal Reserve to meet their projections has created a rare window for monetary policy to be both politically advantageous, as well as so obviously needed that even politicians can see it.
With all eyes likely on wage growth indications in the subtext of tomorrow's payrolls report (following The Fed Minutes' comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment rate). However, they are careful to note that any downside can be blamed on "a considerable drop in temperatures."
As Goldman Sachs details:
Submitted by Joseph Jankowski via PlanetFreeWill.com,
On Wednesday afternoon, one day after reintroducing his Federal Reserve Transparency Act, Senator Rand Paul (R-KY) took to the Senate floor to slam his fellow Republicans for the $9.7 trillion of debt that a newly introduced budget resolution will tack on to the country's already out of control debt total.