Daily Archive: Tuesday, January 4, 2011

‘New Captains of Industry’ Hosts Economic Roundtable with Mosler, Wray, and Norman

From George Jarkesy: http://www.prnewswire.com/news-releases/new-captains-of-industry-hosts-economic-roundtable-focused-on-us-budget-and-trade-deficits-112815269.html ...Read More

Brazil’s Mantega

The Brazilian miracle- Tight enough fiscal/low enough domestic demand for an appreciating currency, FX buying to keep it there and support the exporters with lower real wages = ‘good looking’ Financials at the expense of the overall real standard of living *DJ Brazil’s Mantega: Dollar Weaker Globally On US Econ Improvement *DJ ...Read More

Saudi Crude Oil Output

Crude oil prices continue to rise with no apparent increase in net demand, as evidenced by Saudi output. No telling how high the Saudis want it to go, but higher prices are not good for the US dollar or the US economy. ...Read More