IN HIS nine years as president of one of the Federal Reserve's twelve regional branches, in Dallas, Richard Fisher has voted against the Fed's monetary policy eight times, always in favour of a tighter stance.
"While August 2012 proved the bottom for last year's downturn, we doubt March will be the turning point for 2013, given macro policy has shifted to a tighter stance with renewed controls on the housing market, local government financing vehicles and wealth management products," Xianfang Ren and Alistair Thornton, analysts at IHS Global Insight in Beijing, wrote Monday in a research note.
"Policy may be shifting from a moderately tighter stance to a slightly easier one, with the risk that the yuan may not only reverse past appreciation against a basket of currencies, but may move beyond it," she says.
The voice of old politics counsels a tough budget, higher taxes and a tight fiscal stance.
Peter kept a tight defensive stance and managed to plant a series of solid body shots on his towering opponent.
Good fiscal management has produced a tight fiscal stance centred on assuring a fiscal deficit of no more than 2% of GDP in 2004.
Economic policy will be aligned with the terms of a precautionary stand-by arrangement with the IMF, which will want a tight fiscal stance and progress on privatisation of state energy and transport firms.
Mr Deputy Speaker, in every one of the next five years, adjusting for the cycle, we have locked in the tight fiscal stance we set out in both the Pre-Budget Report and the last Budget.
Inflation is falling everywhere, and particularly in the Eurozone where the ECB's tight monetary stance has left the Euro vulnerable.
Will Trump's tax cuts, combined with general confidence from businesses and consumers, be enough to offset the economic headwinds caused by the trade war and the Fed's tight monetary stance - or is there more gloom to come?
Dennis Slothower Dennis Slothower, editor of Stealth Stocks and On the Money, was betting that the Fed's tight money stance would batter the bulls near term and cause a correction of 10% or so, with the Dow Jones Industrial Average falling as far as 9,300.
