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Thursday, July 14, 2011

Graphs speak louder than words

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L. Randall Wray at EconoMonitor, Household Borrowing and Debt Randy's conclusion: "Combine that with tighter fiscal policy and ano...
18 comments:
Wednesday, July 13, 2011

Let's end the "money printing, dollar debasing" argument once and for all.

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This is going around a lot. It’s this ridiculous false notion that the Fed is printing money and that it has “debased” the dollar. First ...
110 comments:
Tuesday, July 12, 2011

Who's buying them now? (con'd)

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Bill Gross, I hope you are listening. Today, the Treasury did their first post-QE2 3-year note auction that went off AT THE LOWEST INTERE...
4 comments:

3-year Note Auction Today: Lowest Rate Since BEFORE the Fed's QE2

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Today's high rate at the first 3-year Treasury Auction since the end of the QE2 resulted in the LOWEST 3-year note yields since before t...
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Bill Gross: "Who will buy them now?"

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Bill Gross is looking more and more like the most confused and frustrated guy in the investment business. Remember his ridiculous " twe...
8 comments:
Monday, July 11, 2011

Thoughts on the Link Between Peak Oil and Peak Debt

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Gail the Actuary at Our Finite World has a post today on The Link Between Peak Oil and Peak Debt – Part 1 . There is a good discussion in p...
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For 80% of Americans, the US is in a depression

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More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great...
28 comments:

Should economists be good, or be good Libertarians?

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The world's largest association of economists is considering ethics guidelines after outrage about undisclosed conflicts of interest, bu...
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Geithner calls spending cuts what they really are: tax increases

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On Face the Nation yesterday, Treasury Secretary Geithner said that the proposed cuts in Medicare would reduce medical coverage for seniors...
6 comments:
Saturday, July 9, 2011

"There's No Recovery Because the Government Made it Official Policy Not to Prosecute Fraud"

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Washington's Blog: There's No Recovery Because the Government Made it Official Policy Not to Prosecute Fraud Fraud caused the Great ...
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Rodger Malcolm Mitchell: Understanding Debt

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Rodger Malcolm Mitchell at Monetary Sovereignty : Why bank lending leads to recessions. A counter-intuitive finding. In summary, federal def...
2 comments:

The point of sex: parasite evasion

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Telegraph: Scientists discover the point of sex Now researchers have discovered that animals reproduce together, rather than simply cloning ...
10 comments:
Friday, July 8, 2011

"Saving money" to reduce the deficit by redefining inflation indexing

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Washington's Blog: The "Debt Compromise" ... Another Pass for the Rich and a Fleecing for Everyone Else Bruce Krasting: Those ...
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Tim Duy: "No way to put lipstick on this pig"

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Tim Duy at Fed Watch is perplexed: The employment report polishes off what was already a depressing week. The turn of events in the budget ...
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Bachmann & Goolsbee On the Economy

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U.S. Rep. and Presidential candidate Michelle Bachmann was interviewed on CNBC this morning right after the lackluster employmen...
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Mike Konczal on July Jobs

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Mike Konczal dissects the jobs umbers and concludes: There’s no silver lining in today’s job numbers. The discussion needs to shift away imm...
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Throwing the middle class and poor under the bus

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Apparently the White House has decided against using the 14th Amendment to protect the U.S. from default or extortion by the Republican Part...
23 comments:
Thursday, July 7, 2011

Bloomberg: Libor manipulated by US banks?

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Chicago Trading Firm's Lawsuit Claims Banks Conspired To Manipulate Libor A Chicago trading firm accused Bank of America Corp. (BAC), JP...
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Yves Smith schools Brad DeLong on the "liquidity trap" that doesn't exist

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The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes Yves shows how DeLong's notion of the liquidity tra...
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GOP Sen. Grassley: 14th Amendment option possible

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14th Amendment Option May Be Legit, Says Leading Senate Republican Sen. Chuck Grassley (R-Iowa) said on Thursday that the Constitution may t...
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Edward Harrison explains the carry trade and swap lines

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The Carry Trade and Fed Swap Lines Bottom line: the Fed is stuck at permanent zero and that means the carry trade is on. If we did have anot...

Michael Pettis on Debt in China

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The problem, as I see it, is that the system has reached the point at which unsustainable increases in debt are necessary to sustain growth....

McClatchy-Marist Poll: Majority wants debt reduction over stimulus

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I guess we can see where this is going. Should the federal government concentrate on paying off its debt, even if it comes at the expense of...
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Brzezinski warns economic inequality can result in social unrest

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Raw Story : Former National Security Advisor Dr. Zbigniew Brzezinski appeared on MSNBC’s Morning Joe Wednesday to discuss how income dispari...
17 comments:
Wednesday, July 6, 2011

Société Générale: A New World Order

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When demand overtakes supply The global economy is in a process of dramatic change. This is not merely due to the increasing influence that ...
2 comments:

History Made Today: US Treasury Issues 0.000% 4-week Bills

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U.S. Treasury auction results here . I do not believe this has ever been done before in the history of the U.S. Treasury.
9 comments:
Tuesday, July 5, 2011

Treasury Auctions $24B in 182-Day Securities

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Link to auction results for these 182 day securities here . Treasury reports that the auction was at a bid-to-cover-ratio of 5.46, which lo...
35 comments:
Monday, July 4, 2011

Krugman identifies demand as the problem and recommends a JG of sorts

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New York Times: Corporate Cash Con So here’s what you should answer to anyone defending big giveaways to corporations: Lack of corporate cas...
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Sunday, July 3, 2011

Privatizing the commons: Water privatization proceeding apace

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The UN Is Aiding a Corporate Takeover of Drinking Water Billions of dollars are being given out to the most ardent promoters of water privat...
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Wolfgang Münchau: Greece getting rolled

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Uh oh. With this construction, the downside to your losses is limited. Depending on how some of the parameters of this agreement evolve, you...
3 comments: