Yellen to Make Bernanke Look Like Hawk, Faber Says
Sept. 18 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the Federal Reserve's decision to refrain from reducing its asset purchases and the outlook for the central bank's leadership. Faber, speaking with Trish Regan, Adam Johnson and Matt Miller on Bloomberg Television's "Street Smart," also comments on stock, bond and commodity prices. (Source: Bloomberg)
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The Challenges Facing Japan as Consumer Prices Drop
25:46 - Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."