Daily Archive: Thursday, October 8, 2009

Total Credit decline from $2,475 billion to $2,463

[Skip to the end] Two things: 1. Sales remain soft. 2. The federal deficit spending facilitates the same amount of sales with less credit. >    >   (email exchange) >    >   On Sun, Jul 12, 2009 at 9:20 AM, Dave wrote: >    >   Yet another month where the decline in consumer credit comes in worse than ...Read More

German Industrial Output Increased in August After July Decline

[Skip to the end] This seems to be the current pattern of many stats. Up a little from the last report, about as expected, but still way down vs last year as the output gap continues neat the wides. German Industrial Output Increased in August After July Decline Oct. 8 (Bloomberg) — ...Read More

Blanchflower

[Skip to the end] >    >   (email exchange) >    >   On Thu, Oct 8, 2009 at 7:55 AM, wrote: >    >   Check Blanchflower comments … he’s pretty good on the deficit and QE as well. >    Yes, refreshing! Blanchflower Says Now Is Not the Time to Cut Government Deficit Oct. 8 (Bloomberg) — Former Bank ...Read More

Ritzholtz Blog

[Skip to the end] Mosler: PAYROLL TAX HOLIDAY Warren Mosler, economist, perturbed by the misunderstanding of monetary policy by the current and past administrations, is running for President in 2012. He has been speaking at the Tea Parties, explaining to taxpayers that Washington is either at best ignorant of economic policy or ...Read More

Krugman on monetary creation

[Skip to the end] Still chasing shadows? >    >   (email exchange) >    >   On Wed, Oct 7, 2009 at 4:39 PM, Eric wrote: >    >   It’s hard to get it more backward than this: >    Yes, this is telling: “The banks don’t need to sell securitized debt to make loans — they could start lending ...Read More