Comments on: The FOMC’s Enhanced Transparency Reveals Old Paradigm Pessimism http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/ Bob McTeer's Blog Sat, 17 May 2008 03:18:53 +0000 http://wordpress.org/?v=2.3.3 By: Scott McTeer http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-4214 Scott McTeer Sat, 22 Dec 2007 06:55:34 +0000 http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-4214 Merry Christmas, Dad! Merry Christmas, Dad!

]]> By: Matthew http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3297 Matthew Mon, 03 Dec 2007 21:17:44 +0000 http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3297 I just wanted to say thank you for providing readers with this blog. It's proven to be a terrific teaching tool for a college student like myself highly interested in interest rates, financial markets, economics, & monetary policymaking. Thanks again. Regards, Matthew I just wanted to say thank you for providing readers with this blog. It’s proven to be a terrific teaching tool for a college student like myself highly interested in interest rates, financial markets, economics, & monetary policymaking.

Thanks again.

Regards,
Matthew

]]> By: Deborah http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3172 Deborah Fri, 30 Nov 2007 21:32:28 +0000 http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3172 The Fed's so-called transparency is nothing more than a PR ploy. The problem is that core inflation ignores asset cost and operating cost inflation. Both the actual purchase price of a home and the food and energy costs of running a home, are excluded from core inflation. Owners Equivalent Rent is truly irrelevant to the consumer who wants to own a home, and equally irrelevant to the consumer who wants to sell a home that's decreased in value. Therefore, the government's measures of inflation are irrelevant to the population at large. The Fed’s so-called transparency is nothing more than a PR ploy. The problem is that core inflation ignores asset cost and operating cost inflation. Both the actual purchase price of a home and the food and energy costs of running a home, are excluded from core inflation. Owners Equivalent Rent is truly irrelevant to the consumer who wants to own a home, and equally irrelevant to the consumer who wants to sell a home that’s decreased in value. Therefore, the government’s measures of inflation are irrelevant to the population at large.

]]> By: Bill http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3135 Bill Fri, 30 Nov 2007 02:44:35 +0000 http://www.bob-mcteer-blog.com/the-fomcs-enhanced-transparency-reveals-old-paradigm-pessimism/#comment-3135 Bob, I really enjoy reading your blog, and I think you are right on the money about the dismal forecasts. Here we are in a new flat world with the forces or globalization democracy and technology flourishing which should allow the US economy to experience an unprecedented non-inflationary boom. But instead we've got a misguided Fed dominated by hawks that is making policy from an outdated playbook like they think we are back in the 70's. I sure wish Bush would have nominated you to be FOMC Chairman! BTW. What do you think the Fed will do at the December meeting? Bob,

I really enjoy reading your blog, and I think you are right on the money about the dismal forecasts. Here we are in a new flat world with the forces or globalization democracy and technology flourishing which should allow the US economy to experience an unprecedented non-inflationary boom. But instead we’ve got a misguided Fed dominated by hawks that is making policy from an outdated playbook like they think we are back in the 70’s.

I sure wish Bush would have nominated you to be FOMC Chairman!

BTW. What do you think the Fed will do at the December meeting?

]]>