Fed’s Williams Warns Too Much Growth Could Spur an Asset Bubble

San Francisco Fed President John Williams warned Thursday that too much growth could spur an asset bubble and inflation. However he said the long-term trend in annual U.S. economic growth may be as low as 1.5 percent so he doesn’t see that happening.

As Russia Probe Drags on Putin Says Hasn’t Decided if Running Again

Apparently Russian President Vladimir Putin has not decided he will run for re-election in March 2018. For a guy who hasn’t relinguished any power since he headed the KGB this seems doubtful.  Also today Senate Intelligence Committee head Burr said “Can certifiably say no vote totals were affected as a result of Russia” 

My Take on Inflation by Fed’s Kashkari Hint: Not Same as Yellen’s

Minneapolis Fed President Neel Kashkari starts October with his essay ‘My take on inflation’. While it’s not a real change from him, he argues that the Fed should NOT be rasing until there in inflation and removing accomadation part of the deflation issue.

Need To Look at Impact of Low Interest Rates on Savers – PM May

The British Prime Minister speaking at the Bank of England conference reminded of the nature of unintended consequences when actions to solve one problem can create others. She is talking about Brexit but could well be allusing to the Boeing-Bombardier fallout.

Positive NAFTA Talks Continue Despite Bombardier Outcry

The NAFTA renegotiation talks completed their third round today in Ottawa, Canada. No surprise the reporters favorite topic, the US imposing 220% duty on Bombardier planes. Negotiators from Canada, Mexico and the U.S. were all positive and look forward to round 4.