Daily Archive: Friday, July 29, 2011

The Fed can prevent default

QE 0: The Fed offers to buy all Treasury securities and coupons at par at maturity ...Read More

The elders of Jonestown contemplating the Kool-Aid mix

The actual problem with the US economy is the federal deficit is way too small given current credit and global demand. That should be a good thing. Congress should be arguing over whether we need tax cuts and/or spending increases. But instead they all have the misguided idea that we are at ...Read More

Spain Placed by Moody’s on Review for Possible Downgrade

They all quickly go to junk if the US goes cold turkey to a balanced budget > Spain Placed by Moody’s on Review for Possible Downgrade > 2011-07-29 05:20:32.543 GMT > > > By Maria Ermakova > July 29 (Bloomberg) — Spain’s Aa2 ratings were placed by > Moody’s Investors Service on ...Read More