Daily Digest

Image by LendingMemo, Flickr Creative Commons

Daily Digest 1/21 - Europe On Brink Of Deflating, Tuition Burden On Students Hits New High

Wednesday, January 21, 2015, 10:27 AM


Professor Seen as BOJ Board Candidate Wants Price Goal in Law

The Abe administration should codify in law the Bank of Japan’s inflation target to boost the effectiveness of record monetary stimulus in reflating the economy, said Masazumi Wakatabe, an economics professor at Waseda University.

Japan core inflation to slow, may prompt more BOJ stimulus

Japan's inflation rate is expected to slow in the next fiscal year, a Reuters poll showed, which could probably force the Bank of Japan to launch more stimulus later in the year.

Krugman warns of scary future due to spectre of deflation

The future for the world economy is "scary" due to the threat of deflation, Nobel prize-winning economist Paul Krugman said during a speech at the "Asian Financial Forum" in Hong Kong yesterday.

He said he wanted the US Federal Reserve to think twice before raising its key interest rate, a move which he expects the Fed to take this year.

IMF cuts global growth outlook, warns of deflation risk

The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.

Europe on brink of deflating, needs stimulus: Larry Summers

"Is it too much to ask that Germany take a forward-looking view of a common European destiny in thinking about macroeconomic policy ... rather than a retaining a green-eyeshade accounting mentality?"

Study finds no easy way to Illinois debt reduction

Co-Director Richard Dye compares the state's fiscal status to that of a person in deep credit card debt.
He says the state hasn't paid debt totaling $159 billion. He says that is more than twice the inflow of revenue in a single year.

University of Minnesota tuition, adjusted for inflation

Like most universities, the University of Minnesota has raised tuition a lot over the years. In 1960, Minnesota charged just $213 in tuition for an undergraduate Minnesotan, compared to $12,060 today — a 56.6-fold jump.

College tuition: Burden on students hits new high

In 2003, states paid an average of 32 percent of their university system's revenue, and students paid 17 percent, the federal study said. But in 2012, states paid only 23 percent, while students contributed 25 percent of the revenue for public universities in the United States.

Wall St dips, but hopes grow for central bank actions

"This absolutely raises the odds that we'll see more central bank action. The upside to seeing less international growth is that it is now very unlikely the Federal Reserve will raise interest rates mid-year," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

European stocks hit multiyear highs on hopes for ECB easing

“We expect the ECB to announce a program of around €500 billion to €750 billion of [European government bond] purchases and our economists believe that the ECB will signal it will stay open so long as inflation and inflation expectations remain unacceptably low,” Barclays strategists wrote in a note.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/20/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

1 Comment

saxplayer00o1's picture
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4260

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments