Pages

▼

Pages

▼
Tuesday, September 28, 2010

We should all pray for higher rates!

›
Frequent contributor to this blog, Matt Franko, posted a brilliant observation in the comment section of the prior post . He points out that...
16 comments:

Fed finally admits what MMTers have been saying for a long time: There is no "money multiplier."

›
A second issue involves the effect of the large volume of reserves created as we buy assets. [. . .] The huge quantity of bank reserves that...
7 comments:
Friday, September 24, 2010

House Panel Clears Bill To Penalize China Over Currency

›
CNBC story here . Excerpt: "A House panel, in a move likely to increase trade tensions with China, approved on Friday a bill that allow...
4 comments:
Thursday, September 23, 2010

Republicans' "Pledge to America" looks like a lot of spending cuts and vague proposals

›
So the Republicans released their "Pledge to America" and the draft is available online at . Basically, here are the main points r...
4 comments:
Wednesday, September 22, 2010

It's a race to the bottom right now

›
Countries everywhere have abandoned strategies to boost domestic spending because of real or perceived debt fears. Instead, growth policies ...
5 comments:

Republicans threatening to shut down the government again!

›
The continuing resolution (CR) to allow the government to function beyond the end of the fiscal year Sept. 30 is likely the last legislation...
9 comments:
Saturday, September 18, 2010

ECBs Securities Markets Programme:

›
Back in May of this year, the ECB started their Securities Markets Programme where the Central Bank intervened to purchase securities in bot...
26 comments:
Thursday, September 16, 2010

How to double exports in five years. Step one: Destroy the dollar. Step two: Enact policies that keep wages low. Step three: Repeat!

›
We're getting a real time look at what policies are necessary to achieve Barak Obama's goal of doubling U.S. exports in 5 years. Ste...
20 comments:

FedEx 1Q profit doubles; will cut 1,700 jobs

›
Is this good news or bad news? Yahoo story here . This is probably a perfect example of how productivity increases can outpace general econo...
12 comments:
Wednesday, September 15, 2010

Greenspan says taxes must rise so that the economy can expand!!!

›
"We should not have tax cuts with borrowed money, but we should have tax cuts, and the more as far as I'm concerned the better, but...
2 comments:

Obama's Thatcherite Gift to the Banks

›
Great article by Michael Hudson here . Thanks to Tom Hickey, reader of this blog! America got rich from the Progressive Era onward by a diff...
Tuesday, September 14, 2010

Small business aid bill set to clear the senate

›
Another hollow victory for Obama. The bill will give money to banks, with the intention that they make loans. Apparently no one in the Admin...
3 comments:
Monday, September 13, 2010

NJ Gov Chris Christie is a fascist!

›
NJ Gov Chris Christie is not only a big, fat, lying, hypocrite, but a fascist as well. He's determined to destroy any last vestige of wo...
30 comments:
Thursday, September 9, 2010

Pea brain automaton of Peter Schiff--Michael Pento--doesn't see the illogic of his own argument!

›
Pento is a Schiff automaton who went on CNBC recently and was so rude that usually docile Erin Burnett went ballistic and basically sent him...
31 comments:

ECB's Ordonez: ECB funding shouldn't become 'permanent channel'

›
Is it time to start shorting the euro again? Bank of Spain Governor and European Central Bank Governing Council member Miguel Angel Fernande...
Wednesday, September 8, 2010

Taking on Stuart Varney and his propaganda show.

›
10 comments:
Monday, September 6, 2010

August: $150B Fiscal Deficit

›
Based on the end of August Treasury Statement: Total Withdrawals: 987,829 Treasury Sec. Redemption: 645,620 Net Withdrawals: ...
6 comments:
Friday, September 3, 2010

Call me a Socialist if...

›
I posted this as a comment on the prior post, but I thought it was worthy of its own post. I'm fine with the "Socialist" label...
22 comments:

What Does $300B of a 'QE2' Look Like?

›
I've added an approximate $300B red line of newly created reserve balances to the Feds current graphical report on existing reserve bala...
3 comments:
Thursday, September 2, 2010

Money is merely a unit of accounting

›
Modern money is merely a unit of accounting. When people ask, "Where does the government get the money to pay for this or that?" t...
10 comments:
Wednesday, September 1, 2010

Stimulus Spending Is "Hurting the Economy," Says Brian Wesbury

›
Chief Economist Wesbury makes some misguided statements here in a Yahoo! video. At one point he makes the statement that $1 of government s...
4 comments:
Tuesday, August 31, 2010

Voracious and out of control Finance Capitalists: coming to devour the public sector next

›
Producing nothing of real value, fatally hooked on ever-mounting rates of return, simultaneously divorced from and a parasite on the “real” ...
4 comments:

JP Morgan closing down commodity prop trading to comply with Volker rule

›
The company said it will be closing fixed income and equity prop trading next. It sounds too good to be true, right? Well it probably is. Th...
2 comments:
Sunday, August 29, 2010

Thoughts on the economy while enjoying a gorgeous day at the beach!

›
12 comments:

My thoughts on Bernanke on RT America

›
2 comments:
Saturday, August 28, 2010

The "Golden Age of Monetary Policy " is...

›
...OVER! (Hat Tip to mortgage angel for data) Somebody needs to tell Fed Chairman Bernanke. From his speech this week in Jackson Hole: Fisc...
6 comments:
Thursday, August 26, 2010

Bond market: "Reports of my death have been greatly exaggerated"

›
If you're like me I'm sure you've been hearing a lot of talk about a bond bubble recently. It's everywhere--on TV, in the ne...
25 comments:
Wednesday, August 25, 2010

Pay-Go: Dems Consider Cuts to Food Stamp Program to "Pay For" Anti-obesity Project

›
Hat tip HUFFPO . Excerpt: "The House will soon consider an $8 billion child nutrition bill that's at the center of the first lady...
3 comments:
Tuesday, August 24, 2010

Koo Says Maintain Fiscal Stimulus to Avoid Double Dip

›
Nomura Chief Economist, Richard Koo, has it right! Governments must maintain fiscal stimulus measures to prevent their economies from slidin...
9 comments:
Saturday, August 21, 2010

How do you reduce the national debt and is it desirable?

›
Let's face it, the only way to lower the national debt is by reducing the non-governmental sector's net financial balance. Why this ...
21 comments: