KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 
 

John Williams continues:


“Until such time as financial-market expectations move to catch up fully with underlying reality, or underlying reality catches up with the markets, reporting generally will continue to show higher-than-expected inflation and weaker-than-expected economic results in the months and year ahead.  Increasingly, previously unreported economic weakness should show up in prior-period revisions.” 


Williams added this regarding the Fed and inflation:  “Mr. Bernanke continued to pay lip-service to the Federal Reserve’s ‘inflation-containment’ in his semi-annual testimony to Congress, reaffirming the Federal Open Market Committee’s (FOMC) announcement on January 25th that it would target year-to-year inflation—as measured by change in the PCE deflator—at 2.0%. 


Instead of suggesting a boost in interest rates, which would be the normal response to inflation being above the targeted 2.0%, the Fed keeps promising low rates into the foreseeable future, along with suggestions of possible renewed purchases of U.S. Treasury debt, actions that run counter to containing inflation. 


As argued previously, this ‘inflation targeting’ effort primarily is pabulum for those in the markets who think the Fed really would move to contain inflation at the cost of impairing already-fragile banking-system solvency.  The Fed’s primary function remains keeping the banking system afloat, at any cost.”


Williams also noted:  “With unusual seasonal factors at work in January’s payroll estimates, and with Mr. Bernanke’s recent caution on the sustainability of the decline in the headline unemployment rate, odds favor a much weaker-than-expected payroll number, as well as an uptick in the headline unemployment rate. 


The broader U6 and SGS unemployment rate estimates likely will move higher, with increasing numbers of unemployed shifting out of headline unemployment the headline labor force, into short- and long-term discouraged worker status.”


The above was just a small portion of another top shelf report by John Williams of Shadowstats.


To subscribe to ShadowStats CLICK HERE.


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.



KingWorldNews.com

To return to BLOG click here.


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_26_link_0shapeimage_26_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_27_link_0shapeimage_27_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html