Salient to Investors:
Caroline Baum writes:
- Nominal GDP is a good proxy for the Fed’s dual mandate, encompassing both real output and inflation.
- All the coaxing in the world hasn’t convinced the business community, focused on fiscal policy, that now is a good time to invest and hire.
Read the full article at http://www.bloomberg.com/news/2012-11-22/paula-broadwell-s-radar-tracks-generals-not-fed.html