Monthly Archives: September 2008

Statement of Senator Obama on moving financial legislation forward

[Skip to the end] Statement of Senator Obama on Moving Financial Legislation Forward Yesterday, within the course of a few hours, the failure to pass the economic rescue plan in Washington led to the single largest decline of the stock … Continue reading

Posted in Obama, Politics | Tagged |

Re: Mosler plan, short version

[Skip to the end] >    >   Warren, >   I like adding the tax holiday. >    Thanks, we were all pushing that as a better alternative than the Bush tax cut plan 5 or so years ago. While not as constructive as, for … Continue reading

Posted in Email | Tagged |

Mosler Plan, short version

[Skip to the end] Short version updated for current events. If you agree, please distribute, including your Congressman, Fed officials, FDIC contacts, etc. Have the FDIC remove the $100,000 cap on deposits and extend insurance coverage to include Fed deposits … Continue reading

Posted in Proposal |

Telegraph: Eurozone risks

[Skip to the end] Highlights are in yellow. Problem is it needs a fiscal response, and this all has nothing to do with interest rates. Banking crash hits Europe as ECB loses traction by Ambrose Evans-Pritchard (Telegraph) Analysts say German … Continue reading

Posted in ECB | Tagged , |

2008-09-30 USER

[Skip to the end] ICSC UBS Store Sales YoY (Released 7:45 EST) ICSC UBS Store Sales WoW (Released 7:45 EST) Redbook Store Sales Weekly YoY (Released 8:55 EST) Redbook Store Sales MoM (Released 8:55 EST) ICSC UBS Redbook Comparison TABLE … Continue reading

Posted in Daily | Tagged , , , , , , |

Time for a payroll tax holiday

[Skip to the end] Time for something they can all understand that would turn it all around like it never happened: a payroll tax holiday until the economy recovers. It favors lower income workers. It’s an immediate add to aggregate … Continue reading

Posted in Proposal | Tagged |

Can the euro payments system last the week?

[Skip to the end] Euro equities and banks are now under attack, and the ECB is effectively borrowing hundreds of billions USD from the Fed via swap lines. The eurozone deposit insurance is by the national governments, not the ECN, … Continue reading

Posted in Banking, CBs, Currencies, ECB |

Elaboration on the Mosler Plan

[Skip to the end] The combination of removing the FDIC cap and extending FDIC insurance to include Fed deposits at member banks will normalize bank liquidity instantly, and at no ‘cost’ to government, by removing these ‘self-imposed constraints’ on bank … Continue reading

Posted in Banking |

Re: Fed goes ballistic

[Skip to the end] (email exchange) >    >   This morning the Fed announced a massive expansion of its dollar liquidity >   facilities. Three measures were announced: (1) an increase in total TAF >   auctions from $150 billion to $300 billion, all coming in … Continue reading

Posted in Currencies, Email, Fed |

2008-09-29 Weekly Credit Graph Packet

[Skip to the end] Holding at very wide, distressed levels. IG On the Run Spreads (Released 5:02 EST) IG6 Spreads (Released 5:02 EST) IG7 Spreads (Released 5:02 EST) IG8 Spreads (Released 5:02 EST) IG9 Spreads (Released 5:02 EST) IG On … Continue reading

Posted in Credit | Tagged |