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.
Pages
▼
Pages
▼
Thursday, July 16, 2009
Fed bought $27 billion of mortgage-backed securities in the week ending Jul 16
That's why mortgage rates fell. Still think the market sets rates??
HERE IS SOMETHING FROM KRUGMAN TODAY : =================================================== If these lobbying efforts succeed, we’ll have set the stage for an even bigger financial disaster a few years down the road. The next crisis could look something like the savings-and-loan mess of the 1980s, in which deregulated banks gambled with, or in some cases stole, taxpayers’ money — except that it would involve the financial industry as a whole. ____________________________________________________
INTERESTING POINT SUCH THAT TAXPAYERS ARE NOT ON THE HOOK FROM THE USUAL LOT, BUT FROM THE DEREGULATED FINANCIAL INDUSTRY LOOTERS.
SOCIALIST MEDICINE BACK-STOPS FOR GOLDMAN-SACHS, BUT NOTHING FOR THE COMMON MAN OR MANUFACTURERS.
THE GOVERNMENT IS NOT PUTTING TAXPAYERS ON THE HOOK, GOLDMAN SACHS IS SIMPLY STEALING THE MONEY OUTRIGHT IN THE MARKET AND IN THE FEDERAL TSY SIDE.
HERE IS SOMETHING FROM KRUGMAN TODAY :
ReplyDelete===================================================
If these lobbying efforts succeed, we’ll have set the stage for an even bigger financial disaster a few years down the road. The next crisis could look something like the savings-and-loan mess of the 1980s, in which deregulated banks gambled with, or in some cases stole, taxpayers’ money — except that it would involve the financial industry as a whole.
____________________________________________________
INTERESTING POINT SUCH THAT TAXPAYERS ARE NOT ON THE HOOK FROM THE USUAL LOT, BUT FROM THE DEREGULATED FINANCIAL INDUSTRY LOOTERS.
SOCIALIST MEDICINE BACK-STOPS FOR GOLDMAN-SACHS, BUT NOTHING FOR THE COMMON MAN OR MANUFACTURERS.
THE GOVERNMENT IS NOT PUTTING TAXPAYERS ON THE HOOK, GOLDMAN SACHS IS SIMPLY STEALING THE MONEY OUTRIGHT IN THE MARKET AND IN THE FEDERAL TSY SIDE.
FROM THE INSIDE OUTSIDE.
WHAT IF MY BANK ACCOUNT ACCRUED 5% WHETHER CD OR OTHER TYPE ?
ReplyDeleteIS THERE ANY WAY TO GROSSLY MODEL THE EFFECT OF HIGH INTEREST RATES AS SUCH TO THAT OF THE US DOLLAR ?
is it possible to uncouple the dollar to oil via the present inverse relationship as well as the other inverse / non-inverse relationships out there ?