Daily Archives: July 29, 2011 @ 1:01 pm (Friday)

The Fed can prevent default

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

Posted in Fed |

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. … Continue reading

Posted in Deficit |

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) … Continue reading

Posted in Deficit, EU |