Daily Archive: Tuesday, July 14, 2009

IMF Says U.K. Can’t Afford 2010 Stimulus

[Skip to the end] This says a lot more about the IMF than the UK: IMF Says U.K. Can’t Afford 2010 Stimulus, Telegraph Reports The U.K. is alone with Argentina as the only members of the Group of 20 that cannot budget for temporary spending increases next year to aid economic growth, ...Read More

Germany looking into dollar bonds

[Skip to the end] >    >   (email exchange) >    >   On Tue, Jul 14, 2009 at 11:10 AM, wrote: >    >   Why do you think Germany is looking at issuing dollar bonds? >    Good question! They think the odds of the Fed bailing them out in a pinch are better than the ECB? They have ...Read More

Amount Outstanding Under Dollar Liquidity Swaps

[Skip to the end] coming down nicely, thankfully! [top] ...Read More

Trading adds nothing to the real economy

[Skip to the end] Darn, you’re good!!! Going on my blog. Part of what it does is transfer funds from pension funds and the like to Goldman employees which adds some to aggregate demand. What a way to run an economy! :( Mike Norman Economics Goldman profit soars on strong trading gains ...Read More


[Skip to the end] Karim writes: Retail sales weaker than expected (especially in light of fact that May/June were peak months for consumer provisions in stimulus package) 0.6% headline; 0.3% ex-autos; -0.2% ex-autos and gasoline PPI Headline up 1.8%; 0.5% core; driven by 3.4% gain in light truck prices; ex-vehicles, core unch ...Read More