Monthly Archives: September 2009

Inequality? nothing to worry about, according to Summers & Geithner

[Skip to the end] Right, as anticipated from the actions of the administration. We are witnessing the largest transfer of real wealth from the bottom to the top in the history of the world. U.S. Income Inequality Is Frightening–And Much … Continue reading

Posted in Obama, Politics |

Tea party address

[Skip to the end] Warren Mosler speaks in Quincy, Part I         Warren Mosler speaks in Quincy, Part II [top]

Posted in Banking, CBs, China, Congress, Deficit, GDP, Government Spending, Mosler 2012, Speeches | Tagged |

Conference Board/C-S

[Skip to the end] Karim writes: Conference Board survey weaker than expected Falls back from 54.5 to 53.1 with both current conditions and future expex declining Labor differential (Jobs plentiful less Jobs hard to get) falls from -40 to -43.6, … Continue reading

Posted in Employment, Housing | Tagged |

Krugman in NYT Blog

[Skip to the end] >    >   (email exchange) >    >   On Tue, Sep 29, 2009 at 11:20 AM, Joshua Davis wrote: >    >   moving in the right direction for sure, but for partly >   the wrong reason…he still misses the point that we’re >   not … Continue reading

Posted in Deficit, Government Spending | Tagged |

FDIC fee proposal

[Skip to the end] Regarding FDIC fees, the smaller the better, so nice to seem them sort of moving in that direction. All they do is raise rates as they raise the common cost of funds for banks, and Fed … Continue reading

Posted in Banking, Interest Rates | Tagged |

M and A

[Skip to the end] As anticipated, this will be larger than ever as the only way to be protected as a shareholder is to buy the whole company. And the general risks to being a minority shareholder will keep prices … Continue reading

Posted in Banking | Tagged , |

billy blog

[Skip to the end] Bill’s done an excellent job on the workings of monetary system. Click on when you have an extra 15 or 20 minutes to go through it. billy blog [top]

Posted in Inflation | Tagged |

Value added tax

[Skip to the end] Yet another regressive proposal that punishes lower income earners disproportionately, as the Obama administration seemingly continues to pursue policies that shift real wealth from the bottom to the top, as Europe has done for decades. It’s … Continue reading

Posted in Inflation, Obama | Tagged , |

Geithner- at best a case of innocent subversion.

[Skip to the end] Appreciate it if anyone can get me a meeting with him. This policy is a major threat to our standard of living, and he apparently doesn’t know it: Geithner Sees G-20 Consensus, Supports Dollar’s Reserve Role … Continue reading

Posted in Currencies | Tagged , |

Julian Robertson chimes in

[Skip to the end] No comment US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt By: JeeYeon Park Spetember 24 (News Associate) – The US is too dependent on Japan and China buying up the country’s debt and could … Continue reading

Posted in Deficit, Government Spending |