Daily Archive: Tuesday, March 17, 2009

Re: Graduate student support

[Skip to the end] >    >   On Tue, Mar 17, 2009 at 11:19 AM, James wrote: >    >   Warren >    >   It has been a while since we’ve spoken; I hope you are doing well. >   As you can imagine we have had a busy and interesting year. The >   University, like many others, is dealing with ...Read More

Mosler TALF Alternative

[Skip to the end] Compare the TALF concept with my proposal: The Fed can instead offer its member banks credit default insurance to support the Fed’s desire to support the lending it’s trying to support with the TALF. For example: The Fed can offer member banks default insurance on any AAA rated ...Read More

Re: Chinese stimulus

[Skip to the end] (email exchange) Yes, thanks, as expected! >    >   On Tue, Mar 17, 2009, at 8:47, wrote: >    >   Looks like China is interested in prosperity as well, just leaving the Europeans behind! >    Last November China announced a CNY4trn stimulus package. The first part of the money started to be ...Read More

SNB Not Pursuing ‘Beggar-Thy-Neighbor’ Policy, Roth Tells FT

[Skip to the end] Looks like he’s been reading my blog. It is a beggar thy neighbor policy, by definition. SNB Not Pursuing ‘Beggar-Thy-Neighbor’ Policy, Roth Tells FT by Simone Meier Mar 17 (Bloomberg) — Swiss central bank President Jean- Pierre Roth said the bank is ready to stem further gains in ...Read More

Re: Bernanke on 60 Minutes

[Skip to the end] (email exchange) Thanks! Got it on my blog yesterday and added it to the attached draft in progress as well. I cut his response a bit short to save the point that he missed the point ‘fundamentally’ even though he got this operational point right. While in the ...Read More

Goldman Report

[Skip to the end] Thanks, and agreed with the general forecast. That ‘money started to come into the markets’ feeling is from the deficit spending moving up through 5% of GDP as the automatic stabilizers do their work. The proactive fiscal adjustments beginning in April, however modest, will add to the inflow. ...Read More

2009-03-17 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 (Released 8:55 EST) Producer Price Index MoM (Released 8:30 EST) PPI Ex ...Read More

Bernanke on government spending

[Skip to the end] Just added this to my 7 Deadly Innocent Frauds draft where I had described the process of government spending in a similar manner: (PELLEY) Is that tax money that the Fed is spending? (BERNANKE) It’s not tax money. the banks have– accounts with the Fed, much the same ...Read More