Daily Archive: Thursday, February 25, 2010

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