Daily Archives: May 12, 2009 @ 3:07 pm (Tuesday)

Niall Ferguson

[Skip to the end] Someone needs to tell this guy the deficit spending IS the private savings. If any of you know him, please forward this, thanks. Niall Ferguson jumped in with both feet. Calling the government’s growth forecasts ‘crazily … Continue reading

Posted in GDP | Tagged |

A note on deregulation

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Posted in Energy, Politics, Uncategorized | Tagged , , |

U.S. Trade Gap Widens on Oil Imports

[Skip to the end] (email exchange) >    >   On Tue, May 12, 2009 at 9:20 AM, wrote: >   As you predicted…. >    You mean as I feared! Higher oil = dollars easier to get overseas = weak dollar all else equal (which … Continue reading

Posted in Comodities, Trading | Tagged |

Fed Disclosure of Member Bank Borrowings

[Skip to the end] (email exchange) >    >   On Tue, May 12, 2009 at 10:35 AM, wrote: >    >   We are talking trillions of dollars from our pocket… >    The Fed is lending to its member banks. That is the same as … Continue reading

Posted in Banking, Congress, Fed, Uncategorized |

China’s Reserve Strategy

[Skip to the end] (email exchange) >    >   On Tue, May 12, 2009 at 11:22 AM, J A Kregel wrote: >    >   And you can add to this the undeclared policy (confirmed to me last week) that >   Chinese reserve diversification to hedge … Continue reading

Posted in China, Comodities, Currencies, Email, Politics, Uncategorized | Tagged |

2009-05-12 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 , , , |

Eurozone Stress Tests

[Skip to the end] The eurozone has decided to keep its banks running via government insured liabilities without regard to capital levels. The new ‘tests’ are most likely for show only. All governments with non convertible currency and floating FX … Continue reading

Posted in ECB | Tagged , , |

Obama video White House Correspondent’s Dinner

[Skip to the end] Obama Video from the White House Correspondent’s Dinner May 9 (C-SPAN) [top]

Posted in Obama | Tagged |

Obama Serious About Balancing the Budget

[Skip to the end] Yes, it’s early, but seems he’s serious about his campaign promise to balance the budget. The economy won’t see the drop in demand until it actually happens. But valuations can adjust to rising tax rates long … Continue reading

Posted in Government Spending, Obama, Politics | Tagged , |