Monthly Archives: March 2009

Eurozone- quantitative easing VS fiscal adjustment

[Skip to the end] Thanks, they all have it wrong regarding quantitative easing. Net financial assets of the non government sectors remain unchanged. There is no ‘monetary’ consequence apart from the resulting somewhat lower long term interest rates. And the … Continue reading

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2009-03-31 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

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Review of the recession and how to end it

[Skip to the end] The problem is suboptimal output and employment which is evidence of a lack of aggregate demand.   Less important what caused the drop in aggregate demand The end of the subprime expansion in 2006 reduced the … Continue reading

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Mosler plan vs Geithner plan

[Skip to the end] The Mosler plan to better accomplish what the Geithner plan has attempted to do: Targeted credit default insurance between the FDIC and the banks Here’s how it works: Any bank could apply for FDIC credit default … Continue reading

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Geithner backwards again on banks, risk, and recovery

[Skip to the end] No we don’t. We ‘get out of this’ with a fiscal adjustment sufficient to restore output and employment, and as credit worthiness improves lending picks up. Banking is necessarily pro cyclical Tim, get over it! Geithner … Continue reading

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Obama for or against unions?

[Skip to the end] Didn’t we just hear a speech from our President about the need to strengthen unions? White House to set GM, Chrysler deadlines: report Mar 27 (Reuters) — The Obama administration will set a strict deadline for … Continue reading

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2009-03-30 CREDIT

[Skip to the end] 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-the-run Spreads (Mar 30) [top][end] IG6 Spreads (Mar 30) … Continue reading

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Re: Financial services

[Skip to the end] (email exchange) Yes! >    >   Sounds like Krugman has been reading your blog: >    The Market Mystique by Paul Krugman Mar 26 (NY Times) — But it has become increasingly clear over the past few days that … Continue reading

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Financial services

[Skip to the end] >    >   Sounds like the IMF & misguided bankers everywhere are systematically >   degrading everyone’s economy. >    Yes! >    >   Do enough people anywhere understand national currency systems? >    No! >    >   Are ALL financial service industries more trouble than … Continue reading

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Student exam at Wartburg College

[Skip to the end] Congrats, Professor Fullwiler- there are at least some students learning how the monetary system actually works! EC342 Winter 2009 Case Study 5 The following quotes from rather famous figures or institutions are all completely incorrect regarding … Continue reading

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