That's why excess job growth requires tightening... and so does inflation...
So... high inflation -> tighten; excess job growth -> inflation -> tighten; low job growth -> expand.
Why is this not doable? (policy lag aside)
Job growth and price stability (in both directions).
Wait... why are 'dual mandate' in quotes? I can certainly understand that whether the Fed is able to meet their 'dual mandate', but are you implying that the dual mandate is not a legitimate goal for the Fed to achieve?
Since it's you, bearice, I imagine feedback@cnn.com replied within an hour? Or did the IB help chat person on your bloomberg terminal forward you directly to Mike Bloomberg (even though he's the mayor now)?
So what? Weak dollar isn't bad for the US; the Fed couldn't care less about the price of gold (nor should you, unless you have a gold position).
And no end in sight? There's no QE3. QE2 ends on schedule. Not sure what 'sight' you were hoping for.
Saudi can't allow their own currency to float - exporting oil is basically their only business; If it did, then fluctuations in its own currency, which would be highly correlated to the price of oil in the local currency of its buyers, would make any price fixing unmanageable in a hurry.
If...
What in the world are you talking about? How does this make any sense? The drop in price of oil (assuming that's the consequence of your scenario) is made up by both short term production of these new engines and the extra growth spurred by lower input costs, and in the long term by increased...
It's called argyria. It's largely untreatable (there have been some recent success using laser surgery techniques). For that reason, I'm really glad eight is taking as much silver as he can.
What in the world are you talking about? depend on what situation? How a bond pays coupon (how much, when, fixed or floating, etc) are all spelled out in either the offering document or the pricing circular. There's no uncertainty attached.
Of course you are right on two levels:
-- You won't generate that kind of spread on a $5MM AUM
-- You'll see a 10bp spread on liquid products.
Pertaining to the second point, on one end you obviously have stuff like on the run treasury notes with bid/offer at 1/8th of 1/32; On the other...