tag:blogger.com,1999:blog-2761684730989137546.post1593761450083903387..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Moody's gets moodymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2761684730989137546.post-27409022286714931822011-11-26T13:28:24.546-05:002011-11-26T13:28:24.546-05:00Oh no Muddy's downgrading the USA. Now our hom...Oh no Muddy's downgrading the USA. Now our home loan interest will drop below 3% what will we do?bosscauserhttps://www.blogger.com/profile/02270577642295797014noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-87670676867557607122011-11-25T12:34:28.399-05:002011-11-25T12:34:28.399-05:00Right, they are only looking at the numerator and ...Right, they are only looking at the numerator and ignoring the denominator.<br /><br />The economic objective in recovery is to increase the denominator and decreasing the numerator is counterproductive.<br /><br />Obviously, the rating agencies are either incredibly stupid or not interested in recovery, since there is no credible transmission mechanism that gets from reducing the numerator to increasing the denominator.<br /><br />It's magical thinking. These people must believe in fairies.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3360303669342007462011-11-25T10:57:00.561-05:002011-11-25T10:57:00.561-05:00So, let me get this straight. Cuts are enacted bec...So, let me get this straight. Cuts are enacted because the debt to gdp ratio is too high. Gdp figures are revised downwards. Doesn't this make the debt/gdp ratio higher not lower? Am I missing something?rodneynoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88966341237563938162011-11-25T09:32:29.357-05:002011-11-25T09:32:29.357-05:00Today's Krugman blog entry is vamping on what ...Today's Krugman blog entry is vamping on what Mike Norman has been vamping on since even before 2007.<br /><br />Namely the single entry accounting fiberoo most deficit terrorists are on, and also how th RReal economy is depending on the virtual government economy. <br /><br />If Krugman is so honky "wonkish" as he usually says some of his "graphed" writings are - then why doesn't he just embrace the top 10 tennants of MMT and get on with it and show people how it works.<br /><br />Namely that private investment and savings is a function of government spending. <br /><br />What was that formula ?<br /><br />or the NYtimes can just let Mike and Warren have an op ed.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-39651556657403365432011-11-25T09:23:28.264-05:002011-11-25T09:23:28.264-05:00Widespread institutional ignorance combined with a...Widespread institutional ignorance combined with arrogance.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-76127243789094704262011-11-25T00:24:03.097-05:002011-11-25T00:24:03.097-05:00Good Lord, what does the Department of Justice do ...Good Lord, what does the Department of Justice do every day, seriously?<br />Maybe President Rick Perry should merge it into the Small Business Administration or something. That Standard & Poor's is still in operation is grounds for Eric Holder's impeachment for dereliction of duty.<br />Before going to federal criminal code, remember that the US Constitution has only one exception to the right to Free Speech:<br />"The validity of the public debt of the United States... shall not be questioned.<br /><br /><i>"In summary, those activities which courts have held defraud the United States under 18 U.S.C. § 371 affect the government in at least one of three ways: They cheat the government out of money or property; They interfere or obstruct legitimate Government activity; or They make wrongful use of a governmental instrumentality"</i><br />http://www.justice.gov/usao/eousa/foia_reading_room/usam/title9/crm00923.htmbeowulfhttps://www.blogger.com/profile/14987548132065830204noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37147069121700028502011-11-24T23:38:47.937-05:002011-11-24T23:38:47.937-05:00this is the definition of the tail wagging the dog...this is the definition of the tail wagging the dog. Our government should put this a-holes in their place once and for all.Mariohttps://www.blogger.com/profile/00905402431684735610noreply@blogger.com