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Tuesday, December 21, 2010

Fed reopens forex swap lines with Europe...AGAIN!!!

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For a third time in two years the Fed is opening up its forex swap lines with the ECB to offer dollar liquidity to European banks and instit...
11 comments:
Saturday, December 18, 2010

First Chevy Volt PHEV Delivered to Retail Customer

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This past week marked what may turn out to be an historic event. The video below documents the delivery of the first GM Volt to a dealership...
26 comments:
Thursday, December 16, 2010

Is the Fed's QE2 Leading Bond Prices Down?

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Mike made an interesting comment to his previous post on the Fed's implementation of QE2 that may detail the trading relationships betwe...
15 comments:
Wednesday, December 15, 2010

Ireland passes bailout package despite opposition

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Story at Yahoo!. It seems the Ireland national government has gone against popular opinion and approved the "bailout" deal struck...
Tuesday, December 14, 2010

Fed's poor leadership leaves bond market open to speculative attack!

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Back in November when the Fed announced its intention to unleash QE2, they said they would purchase an additional $600 bln of longer term se...
20 comments:
Monday, December 13, 2010

The outrageous and misguided views that people buy into

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Certain commentators are running around saying things like, “The US economy (GDP) is a ‘phony’ economy because all we really measure is what...
2 comments:
Friday, December 10, 2010

My comments on RT America

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14 comments:
Monday, December 6, 2010

Obama Unveils Broad Accord To Extend All Bush Tax Cuts

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UPDATE: False alarm, it looks like status quo for fiscal policy, see comments. CNBC reports this evening ; this could be close to what many ...
23 comments:

Wall Street's the reason why there's no job creation!

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Yesterday I decided to do some Christmas shopping so I went to Macy’s Herald Square on 34th Street here in NYC. The place was mobbed as you ...
15 comments:
Saturday, December 4, 2010

Ireland’s rescue package: Disaster for Ireland, bad omen for the Eurozone

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Interesting article on the structure of the loan arranged last week by the international community to the current government of Ireland, wr...
7 comments:

The Back of the Rack: Norman on the "Free Market"

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Here's an MP3 of Mike from back in February of 2009.  Here, in audio format, he addresses some of the issues related to our "belief...
9 comments:
Wednesday, December 1, 2010

If this is capitalism, who needs it!

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Capitalism is best? For whom? In this country we hear the constant cheering for capitalism, even by people who, amazingly, have lost their j...
25 comments:
Tuesday, November 30, 2010

Video: British politician slams EU bosses over European crisis

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This video basically speaks for itself. The only comment I'll provide is that you just can't beat a well trained British orator.
15 comments:
Monday, November 29, 2010

Citing deficit, Obama freezing federal worker pay

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Story this AM from Yahoo! Here comes a small dose of austerity for the US now. Last fiscal year, total 'Federal Salaries' were $1...
18 comments:
Thursday, November 25, 2010

John Stossel: Privatization created Thanksgiving...Oh Brother!

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First, Happy Thanksgiving to all! John Stossel is out there (I heard him on Fox yesterday) with a story about the experiences of the Puritan...
18 comments:
Tuesday, November 23, 2010

Tea Party Senator Mike Lee on Raising the Debt Ceiling: "No Way"

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Here's a link to ABC news video of a short interview with so-called "Tea Party" Senator Mike Lee (R-UT) on his views on the U...
28 comments:
Thursday, November 18, 2010

Quantitative easing revisted

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A new video, this time, with the correct explanation of QE. (I wonder if Warren Mosler did this one!!)
26 comments:
Wednesday, November 17, 2010

Taxpayers about to be hooked, thanks to "taxpayers on the hook!"

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When the government was bailing out GM there were cries everywhere of "taxpayers on the hook." The reality, however, was exactly t...
36 comments:

GM IPO: Fiscal Drag?

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GM is going to do an IPO tomorrow to raise some capital. Yahoo! has a story here . Excerpt: "The Obama administration now will sell 41...
6 comments:
Tuesday, November 16, 2010

Quantitative Easing Explained (badly)

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There’s a little video making the rounds on the Internet called, “ Quantitative Easing Explained .” It’s cute, but don’t be fooled by the cu...
41 comments:
Friday, November 12, 2010

Bernanke: QE Rumours and Interest Rates

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Tom Hickey posted a comment at another econ blog quoting Fed Chairman Bernanke from his OpEd on QE 2 in the Washington Post last week. Pa...
26 comments:
Thursday, November 11, 2010

Brazil's president...the only guy in the room who gets it??

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Brazil's president, Luiz Inacio Lula da Silva, warned that the world would go "bankrupt" if rich countries cut back on consump...
6 comments:

Another unbelievable story from the frontlines...

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Here's another unbelievable story from the frontlines. Yesterday I was at Fox and I bumped into John Ryding of RDQ Economics (that's...
10 comments:
Wednesday, November 10, 2010

Home Prices: Some Nice Values Developing

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Yahoo has a nice story of some reasonably priced homes for sale throughout the USA. Looks like the 'deflation' in home prices is se...
2 comments:
Thursday, November 4, 2010

Schiff goes berserk!!

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I saw Schiff at a conference today at the NYSE. He started screaming at me and shouting obscenities. Many people were standing around stunne...
48 comments:
Wednesday, November 3, 2010

My discussion with David Walker

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I went to Fox yesterday and who do I bump into? None other than David Walker, former Comptroller General of the U.S. and now the president o...
47 comments:
Saturday, October 30, 2010

Vintage Norman

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At this point in the cycle, as we head into the elections next week and the uncertain outcome it portends, it may be a good idea to re-visit...
27 comments:
Tuesday, October 26, 2010

El-Erian: Federal Reserve 'Terrified' of Deflation

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PIMCO head El-Erian was interviewed by CNBC today and is predicting that the Fed will commence with QE2 starting next week because the Fed i...
9 comments:
Monday, October 25, 2010

QE2, perhaps, but Fed slowly reducing its balance sheet.

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There's been a lot of talk about QE2 and the Fed has been purchasing bonds (setting bond rates lower), but it's also been quietly re...
3 comments:
Saturday, October 23, 2010

CNBC: Emergency Alert on Home Prices

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Here's a short video report from CNBC yesterday about falling home prices: The firm that is the source of the price data is reporting a ...
6 comments: