An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Fed won't be able to keep the MBS and will go (to them) bankrupt as they will run out of munnie to pay the IOR... this should be interesting...
I thought that paying IOR was supposed to be temporary policy in conjunction with conducting QE. QE is over. Why don't they go back to what they were normally doing?
And DJT's delegation of foreign and military policy to the generals.
After Ashton Carter and the generals sabotaged Kerry'Obama's Syria deal with Russia, I suppose it's reason to conclude that the president and sec state don't count anyway. The warriors will do what they want regardless.
10 comments:
Trumpbillary policies then unless Cohn falls out of favor with DJT somehow.
I'm not sure how this is gonna play out with the GOP base.
Cohn on GSE privatization:
http://www.housingwire.com/articles/39127-gary-cohn-fannie-mae-freddie-mac-reform-will-be-high-on-mnuchins-agenda
Fed won't be able to keep the MBS and will go (to them) bankrupt as they will run out of munnie to pay the IOR... this should be interesting...
"Moderate" means more corporate tax reductions when corporations only pay an effective rate of 12%.
Fed won't be able to keep the MBS and will go (to them) bankrupt as they will run out of munnie to pay the IOR... this should be interesting...
I thought that paying IOR was supposed to be temporary policy in conjunction with conducting QE. QE is over. Why don't they go back to what they were normally doing?
That wouldn't surprise me Tom but I thought when they put it on it was intended to be a new permanent policy.... I'll go back and take a look...
https://www.federalreserve.gov/newsevents/press/monetary/20081006a.htm
Looks like it's an open-ended authorization and discretionary.
Looks like it's an open-ended authorization and discretionary.
Just like the military budget and the bank bailouts.
And DJT's delegation of foreign and military policy to the generals.
After Ashton Carter and the generals sabotaged Kerry'Obama's Syria deal with Russia, I suppose it's reason to conclude that the president and sec state don't count anyway. The warriors will do what they want regardless.
A soft coup. No news really, it's been in effect since 1945. They just rotate the puppets every couple of years - or sooner if they are not compliant.
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