Yellen Shouldn’t Apologize For Helping Wall Street

Markets closed Riedel Communications Chooses Wall Street reviews on the elevation group mike dillard Communications as Global PR Agency of Record Press Release: Wall Street Communications 11 hours ago Print SALT LAKE CITY, Oct. 14, 2013 /PRNewswire/ –Riedel Communications, a company that designs, manufactures, and distributes pioneering real-time video, audio, data, and communications networks for broadcast, pro audio, event, sports, theater, and security applications, has retained Wall Street Communications as its public relations agency of record. Wall Street Communications will handle global public relations for Riedel, working to expand relationships with the business-to-business trade press covering television and radio broadcast, pro A/V, live event production, houses of worship, government video, and related markets. “Wall dilllard s Street Communications’ work and reputation within the industry are unparalleled; its people have a keen understanding of our target markets, and its global reach is significant,” said Christian Bockskopf, marketing manager of Riedel. “Wall Street will be an excellent extension of our internal marketing communications team, adding a elevation group new perspective and layer of expertise that will take our global communications efforts even further, especially as we work to expand into new markets and increase our presence in North America.” “Riedel is a leader in real-time media networks for high-bandwidth signal transport over fiber, and a marketing powerhouse that needed PR capabilities to match,” said Susan Warren, president of Wall Street Communications.

“I don’t know if Boehner could be influenced by Wall Street, but I know the Tea Party would not be,” Clancy said. “There really is a wide gap of world views between Wall Street and the Tea Party.” As K Street may be losing its hold on the GOP because of the Tea Party, Clancy said, “business interests are losing influence at the moment.” “So a Wall Street approach to the Tea Party is unlikely to be persuasive, because they come from such different perspectives,” Clancy said. “Business wants certainty. The Tea Party wants policy change.” Clancy points out that the Tea Party arose in part as a reaction to Wall Street bailouts in 2008. He notes that “nobody can really speak for the party,” which he calls a “spontaneous leaderless movement.” Clancy says the Tea Party has been “essential” in persuading the Republican Party to focus on spending and healthcare.

Wall Street Can’t Influence Tea Party to End Shutdown, DC Watchers Say

The American economy is disappointing, but the alternative of tighter money would probably have been dreadful. Past Recoveries Yellen could also note that during the three recoveries before this one — recoveries in which the Fed wasnt taking any unorthodox steps to loosen money — stocks improved before the labor market did. The Dow did very well in 1982, 1991 and 2003. In 1982 and 1991, the unemployment rate was still rising, and in 2003 it rose for half the year before settling back to roughly where it was. Its also worth remembering that higher inflation doesnt always help stocks. David Glasner, an economist at the Federal Trade Commission, has shown that while stocks have moved in tandem with inflation expectations in recent years — rising and falling together — they didnt do so before the crisis. One way of interpreting this finding is that during normal times, the stock market doesnt root for the Fed to loosen its policy because that wouldnt help the economy and thus increase expected corporate profits. In a depressed economy, though, the market starts rooting for looser money because it alleviates the depression. If thats right, then the conflict between Wall Street and Main Street that the Feds critics posit doesnt really exist: Looser money lifts real asset values — including the real value of stocks — when it increases expectations of future economic growth.

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