Monthly Archives: May 2009

China policy obamanation

[Skip to the end] We do not need China or anyone else to buy our securities and we net benefit enormously from net imports in general. The profoundly confused China policy comes from an administration that both does not understand … Continue reading

Posted in China, Deficit, Exports | Tagged , |

Geithner’s got it wrong re: China

[Skip to the end] This is what happens with an administration that does not understand imports are real benefits and exports real costs. This is a proactive move that hurts our real terms of trade and real standard of living. … Continue reading

Posted in China | Tagged , |

Durable Goods Order/Claims

Karim writes: Durable Goods Order/Claims Durables goods orders +1.9% headline; -1.5% ex-aircraft and defense (this is the measure used for the private sector capex component of GDP) Defense up 23.2% m/m; here are the prior 3mths for defense orders in … Continue reading

Posted in Daily, Karim | Tagged |

James Grant

[Skip to the end] (email exchange) >    >   Hi Warren. I heard James Grant speak yesterday. He was funny, entertaining, articulate >   and full of historical knowledge, but I found his monetary analysis appalling. He wants >   the U.S. (and the rest of … Continue reading

Posted in Fed, Government Spending, Recession | Tagged |

Obama – “US out of money”

After a fiscal package that may or may not be sufficient to bring down unemployment, the president is now directly telling us that the next move is to dampen aggregate demand by reducing health care spending (and letting tax rates … Continue reading

Posted in Government Spending, Obama |

FDIC undervalued failed banks as suspected

[Skip to the end] As suspected at the time, some (not all) of the failed banks were undervalued by the FDIC to facilitate a quick transfer to other institutions to the detriment of the former shareholders. Worse, the FDIC said … Continue reading

Posted in Banking | Tagged , |

Vice Chair Kohn on fiscal expansion

[Skip to the end] Yes, he’s got that part very right!!! >   On Mon, May 25, 2009 at 11:06 PM, Roger wrote: >    >   Federal Reserve Vice Chairman Donald Kohn: >    >   Interactions between Monetary and Fiscal Policy in the Current Situation >    … Continue reading

Posted in Banking, Fed, Uncategorized | Tagged |

German debts set to blow ‘like a grenade’-Pritchard

[Skip to the end] Completely agreed about the possibility of a bank blow up. And it’s also possible the government plan blows up the government. The eurozone is the region vulnerable to ratings downgrades- both banks and national governments. Not … Continue reading

Posted in Banking, Germany, Government Spending | Tagged |

Commodities speculation

[Skip to the end] I’ve also hear reports that pension funds have been adding to passive commodity strategies: The green shoots will grow slowly by David Robertson May 25 (Business 24/7) — By the middle of this month, copper prices … Continue reading

Posted in Comodities, Oil | Tagged |

Professor James Sturgeon

[Skip to the end] From Jim Sturgeon I’ll put in my two cents. The crooks should be convicted as a regular part of the legal system and examples set to deter future attempts. However, the acquisitive heart and I expect … Continue reading

Posted in Uncategorized | Tagged |