Monthly Archives: December 2011

Foreign Central Banks Cut Treasury Holdings by Record

And Tsy yields at record lows! Even with $trillion federal deficits! Even with the S and P downgrade! Even with large foreign holdings of US Treasury securities! Who would have thought? ;) Happy New Year to all!!! Foreign Central Banks … Continue reading

Posted in Uncategorized |

ECB bond buying for next year

For the coming year I’ll be watching to see if the ECB buys bonds only on rate spikes to keep them from rising further, or on a continuous basis regardless of yields. I suspect the former. It’s the difference between … Continue reading

Posted in ECB |

Bill Mitchell’s most excellent (long) post

http://bilbo.economicoutlook.net/blog/?p=17528

Posted in Uncategorized |

Heterodox economics: Marginal revolutionaries | The Economist

http://www.economist.com/node/21542174

Posted in Uncategorized |

John Carney on MMT and Austrian Economics

Another well stated piece from John Carney on the CNBC website: Modern Monetary Theory and Austrian Economics By John Carney Dec 27 (CNBC) — When I began blogging about Modern Monetary Theory, I knew I risked alienating or at least … Continue reading

Posted in Deficit, Employment, Government Spending, Inflation, Interest Rates |

UK- Resurgent self-employment soars to 75-year high

That includes selling trinkents and services to the higher income foreign tourists and residents. I used to call it Sultan fanning. It is not a sign of prosperty… Resurgent self-employment soars to 75-year high By Richard Tyler Dec 26 (Telegraph) … Continue reading

Posted in Employment, UK |

Noda’s ‘Urgent’ Task Is Tax Rise as Japan Debt Load Swells

Noda’s ‘Urgent’ Task Is Tax Rise as Japan Debt Load Swells Dec 26 (Bloomberg) — Prime Minister Yoshihiko Noda’s next task is securing support for a higher sales tax after Japan’s budget for the next fiscal year showed a record … Continue reading

Posted in Government Spending, Japan |

We WON!!! MMT got everything right…EVERYTHING!!!

We WON!!! MMT got everything right…EVERYTHING!!!

Posted in Credit, Currencies, Deficit, Fed, Government Spending | Tagged , |

Bini Smaghi Says ECB Should Use QE If Deflation Risk Arises

As if QE is an inflationary bias. They are all clueless. MMT to the ECB: QE addresses the solvency issue, not ‘deflation’ or aggregate demand issues. Bini Smaghi Says ECB Should Use QE If Deflation Risk Arises By Gabi Thesing … Continue reading

Posted in ECB, Inflation | Tagged |

Monetary Theory, Crony Capitalism and the Tea Party

Just posted on CNBC: Monetary Theory, Crony Capitalism and the Tea Party By John Carney Dec 21 (CNBC) — The past few years have taught us a lot about the effects and operations of monetary policy in the United States. … Continue reading

Posted in Government Spending | Tagged |