Daily Archives: June 1, 2011 @ 10:41 am (Wednesday)

What Happens When the Government Tightens its Belt?

What Happens When the Government Tightens its Belt? By Stephanie Kelton May 27 — Imagine two people sitting on opposite ends of a 15-foot teeter-totter. The laws of physics dictate that the seesaw will balance if the product of the … Continue reading

Posted in Deficit, GDP, Government Spending | Tagged |

U.K. Daily – CIPS May Manufacturing Index Falls to 20-Month Low

My Q2 guestimate for the tipping point may not have been too far off U.K. CIPS May Manufacturing Index Falls to 20-Month Low (Bloomberg) A U.K. manufacturing index, based on a survey by Markit Economics and the Chartered Institute of … Continue reading

Posted in Government Spending, UK | Tagged |

Mortgage Applications Fell Last Week

Looks like those low rates aren’t all they’re cracked up to be. Once again, we need: a FICA suspension $500 per capita fed distribution to the state govts $8/hr federally funded transition job for anyone willing and able to work … Continue reading

Posted in Government Spending, Housing | Tagged , |