Monthly Archive:: February 2010

Connecticut senate race

Another hat in the ring? Financial analyst Warren Mosler considers U.S. Senate run By Daniela Altimari Feb. 26 — Mosler, a Manchester native who holds an economics degree from UConn, is currently living in the U.S. Virgin Islands. But he intends to return to Connecticut tomorrow, to start a “listening tour” as ...Read More

david walker okays deficits???!!!

>    >   (email exchange) >    >   On Thu, Feb 25, 2010 at 12:54 PM, Roger wrote: >    >   am I reading this right? >    >   he seems to be admitting the difference between “structural” and nominal deficits, but >   is still fixated on debt/GDP ratios, not to mention national “revenue” >    >   nevertheless, some progress is better than ...Read More

updates

Markets are getting closer to the idea that: Interest rates don’t/won’t help QE doesn’t/won’t help With the larger point being coming to terms with the possibility the Fed can’t inflate, or do much of anything that actually matters for the real economy, except maybe fund zombie entities to keep them from failing. ...Read More

Warren presenting May 5 in Manila

Forum on “A Fresh Perspective on Critical Development Issues” ...Read More

China Commerce Ministry comments

Looking ugly. And a trade deficit and FDI not profitable due to higher costs can weaken the currency as well. 25Feb10 RTRS-CHINA COMMERCE MINISTRY SEE NO CLEAR EXTERNAL DEMAND REBOUND -SPOKESMAN 25Feb10 RTRS-CHINA COMMERCE MINISTRY SAYS WILL TAKE TWO-THREE YEATS TO REGAIN EXPORT MOMENTUM 25Feb10 RTRS-CHINA COMMERCE MINISTRY SAYS CANNOT RULE OUT ...Read More

Japan at Tipping Point as Debt Approaches Assets

The tipping point is the point where the deficit spending finally is sufficient to create enough aggregate demand to restore output and employment. Probably not quite there yet. And moves towards ‘fiscal responsibility’ further delay the restoration of output and employment. And note that even the bearish rate forecast, below, is hardly ...Read More

More Bernanke testimony

>    >   (email exchange) >    >   On Wed, Feb 24, 2010 at 10:37 AM, wrote: >    >   It’s not worthy of any comment, other than to show that even the Fed doesn’t >   understand its own operations: >    “These constraints will discourage institutions from lending their reserve balances as they continue to work to stabilize their ...Read More

Bernanke testimony

Karim writes: Generally more upbeat on economic conditions….the ‘2 Es’ remain, but adds high-profile qualifier ‘ALTHOUGH’…watching Q&A Final Demand Private final demand does seem to be growing at a moderate pace, buoyed in part by a general improvement in financial conditions. In particular, consumer spending has recently picked up, reflecting gains in ...Read More

Bernanke re default

This from Q&A following Bernanke testimony: Barney Frank: Do you think there is any realistic prospect of America’s defaulting on its debt in the near future? Bernanke: Not unless Congress decides not to pay…. ...Read More

ECB likely to extend lending unlimited funds at fixed

At least part of the ECB has repeatedly shown they do understand monetary operations and that it’s about price and not quantity. Subject: RTRS-ECB LIKELY TO EXTEND LENDING UNLIMITED FUNDS AT FIXED RTRS-ECB LIKELY TO EXTEND LENDING UNLIMITED FUNDS AT FIXED RATES INTO START OF Q3 AT MARCH MEETING-EURO ZONE MONETARY SOURCES ...Read More