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Thursday, December 31, 2009

2009 Fiscal Review

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Ive posted the year end DTS withdrawal details for both FY2008 and FY2009 below to compare YoY fiscal details. 2008: 2009: I've highli...
3 comments:
Wednesday, December 30, 2009

Japan unveils growth plan for next decade

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"Last week, Japan unveiled a record $1 trillion budget for the next fiscal year, reflecting the prime minister's campaign pledge to...
1 comment:

Congress gives a lesson on money creation

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Last Thursday Congress voted to raise the debt ceiling. Prior to that the government was up against its "legal limit" on how much ...
1 comment:
Friday, December 18, 2009

Treasury at Debt Ceiling

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FINAL UPDATE: Senate passes $290B increase on Christmas Eve. UPDATE 12/23: Politico is reporting that the Senate vote is still scheduled fo...
12 comments:
Wednesday, December 16, 2009

House passes $154 billion jobs bill with no GOP votes

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I've been a lifelong Republican but I have to say that the GOP has become the party of fear-mongering and ignorance, with a leadership t...
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After getting bailed out by the public, the banks are destroying the dollar

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"So the Wall Street elite, just months removed from their near-death experience, are now making a fortune shorting the U.S. dollar. One...
Tuesday, December 15, 2009

What did the Banks use the TARP funds for anyway?

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In the past week there has been no shortage of political theater surrounding the Government's relationship with the banking system. It s...
12 comments:
Monday, December 14, 2009

Obama's haranguing of the banks is weak leadership!

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In what is becoming an all-too-familiar and nauseating scene, Obama summoned bank executives to the White House again yesterday to beg them ...
2 comments:

Fed MBS Purchases from Household Sector Continues

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The Fed released the latest Z.1 report last week for the period ending Third QTR 2009. The snip below shows how the Fed has been acquiring ...
7 comments:
Friday, December 11, 2009

You gotta read this!

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By far, the best article I've read on Obama's unbelievable turn--against the people who voted for him and those whom he promised to ...
5 comments:
Tuesday, December 8, 2009

Obama urges major new stimulus, jobs spending

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A glimmer of hope. Obama talking about boosting spending to jumpstart the economy. Maybe Krugman got to him at the jobs summit. The presiden...
3 comments:
Thursday, December 3, 2009

Obama: No Money for Jobs Program; Money for 30,000 More Troops In Afghanistan Though

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This is truly sickening. Obama and his advisers have a complete lack of understanding of our monetary system and have become "enslaved...
10 comments:
Wednesday, December 2, 2009

Special Liquidity Programs Post "Dubai"

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Two special liquidity programs run by the US Fed and the European ECB have shown no increases in activity since last week's press report...
Tuesday, December 1, 2009

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Monday, November 30, 2009

Someone should ask Niall Fergusun this question...

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Niall Ferguson is a journalist who has been writing for years on why America is doomed because of profligate spending and deficits. He is yo...
20 comments:
Wednesday, November 25, 2009

Treasury Approaches the "Debt Ceiling"

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The Treasury Department is is fast approaching the "debt ceiling" last approved by the Congress at $12.1T earlier this year. Treas...
3 comments:
Monday, November 23, 2009

"There ain't going to be no money for nothing if we pour it all into Afghanistan"

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Set aside the atrocious English for a moment as well as the over-arching debate on whether or not our presence in Afghanistan is even worth ...
7 comments:

Existing home sales up the most in 2 1/2 years!

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But, as usual, Warren Mosler summed it up best in his comment below: "Wonderful, we contrive policy to drive up unemployment and forecl...

Wave of Debt Payments Facing U.S. Government

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Another incredibly misinformed article, this time from the New York Times. The author displays a complete lack of knowledge of the current m...
6 comments:
Wednesday, November 18, 2009

Obama: Too much debt could fuel double-dip recession

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He just doesn't get it. It's exactly the opposite. Deficit spending saved the world's economy from total collapse. Paring back t...
20 comments:
Tuesday, November 17, 2009

Goldman Sachs Does God's Will While 49 Million Go Hungry

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"The Department of Agriculture reports that 49 million Americans don't have enough food. That's up 13 million over the last yea...

Lending surges!

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In my blog post one week ago I mentioned that lending may be on the rebound as we saw the first increase in 17 weeks. New data out from the...
4 comments:
Friday, November 13, 2009

Obama wants domestic spending cuts in next budget

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Recovery to be aborted in 2010. I am currently accepting clients for managed accounts that will fully take advantage of this oncoming fiscal...

After spending binge, White House says it will focus on deficits

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-End of recovery now in sight. Start taking profits into this stock market rally. -Lessons of the past not learned. -Deficit Terrorists firm...
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Budget Freezes, Spending Cuts Possible Says White House

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To follow up Mike's posts above, this is bad news for US GDP growth. From the linked AP/CNBC story: The Obama administration is alertin...
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Current Status of Fed MBS Purchases

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Through November 11, the FRB NY has just surpassed the $1T level with net purchases of Agency MBS. Over $200B of these purchase transaction...
2 comments:
Thursday, November 12, 2009

White House Aims to Cut Deficit With TARP Cash

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As millions flounder in the worst job market in six decades, the White House is planning on using unspent Tarp funds to pay down the deficit...
Tuesday, November 10, 2009

Will the stock market rally continue?

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Here's what I said back on August 14... Nice prediction if I may say so myself!!
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INDIANA CORONER BLAMES HIGH SUICIDE RATE ON RECESSION

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The Deficit Terrorists and our misguided policymakers who listen to them and who don't understand our own monetary system have blood on ...

Loan growth returns after 17 week contraction!

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SPECIAL UPDATE: LENDING TURNS POSITIVE FOR THE FIRST TIME IN 17 WEEKS! Although the first six statement days of the month of November conti...