Daily Archive: Wednesday, February 23, 2011

US Gasoline consumption, Saudi crude output

US demand continues to go nowhere, and may even be softening And with Saudis posting prices to their refiners and letting quantity adjust, it doesn’t look like net world demand is doing much either ...Read More

Testimony from Chairman Bernanke

“If government debt and deficits were actually to grow at the pace envisioned, the economic and financial effects would be severe,” Federal Reserve Chairman Ben S. Bernanke told the House Budget Committee Feb. 9. “Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt ...Read More

Krugman & 7DIF

>    >   (email exchange) >    >   On Tue, Feb 22, 2011 at 9:15 PM, wrote: >    >   Paul Krugman gave a speech at Florida Atlantic University and agreed >   to a brief meeting with our econonomics club. >    >   I thought you might enjoy the attached picture. >    ...Read More

China’s “dynamic differentiated required reserve ratios”

This only works to raise the cost of funds for the targeted banks. It’s still about price, not quantity So far the actual quantitative measures remain the govt telling its banks to lend less, or else. That does work. The problem is it works via a hard landing/widening output gap. From Yang ...Read More