Daily Archive: Thursday, August 4, 2011

Commodity cycle

While ok for US aggregate demand, Stocks can’t handle falling commodities and a strong dollar near term. If the commodity cycle has turned – price signals brought out more supply than demand at those prices- the sell off can go all the way to the marginal cost of production, and then some. ...Read More

MMT history and overview

Excellent post from Johnsville: Modern Monetary Theory (MMT) in a Nutshell A rampaging mutant macroeconomic theory called Modern Monetary Theory, or MMT for short, is kicking keisters and smacking down conventional wisdom in economic circles these days. This is because an energized group of MMT economists, bloggers, and their loyal foot soldiers, ...Read More