Monthly Archive:: January 2012

Fin Min Azumi: To Take Decisive Forex Steps If Needed

With the aggressive fx policies of former Treasury Secretary Paulson fading, the Swiss not being tongue lashed as a currency manipulator and international outlaw for selling their currency, and the euro member nations seeking all the ‘help’ they can get: I’m watching for other nations seeking export led growth, like Japan, resuming ...Read More

Warren Mosler interview on Barry Armstrong’s Boston biz radio show

Barry Armstrong Show ...Read More

One of the interest income channels

...Read More

Draghi Sees No Evidence ECB Loans Are Financing Economy Yet

Evidence of real progress will be a statement like: ‘Draghi sees no evidence of any possible channel from ECB loans to the economy’ Bank liquidity is something like wheels on a car. Without wheels the car won’t function, but neither are wheels alone enough to make it go. Banks are public/private partnerships, ...Read More

EU Leaders to Agree on Rescue Fund, Balanced Budget

No let up on the austerity demands, which are now to be legislated via balanced budget rules. EU Leaders to Agree on Rescue Fund, Balanced Budget Jan 29 (Reuters) — European Union leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are ...Read More

US Pension research article

This is from modest returns and low rates causing ‘savers’ to have to pony up more to provide future nominal incomes. And it’s a drag on aggregate demand which should be a good thing, as it means we can have lower taxes for any given size govt. But instead, of course, we ...Read More

GDP/Euro Lending Data

Good report! Additional notations below: Karim writes: U.S. GDP growth in Q4 a bit weaker than expected at 2.8% Perhaps the FOMC had word of this, explaining the unexpected dovishness? 1.9% of that growth accounted for by inventories. Other contributions: (consumer spending 2%, fixed investment 0.4%, government spending -0.9%, net exports -0.1%). ...Read More

Why Won’t The Fed Tell Congress the Truth About Our Debt? – CNBC

Why Won’t The Fed Tell Congress the Truth About Our Debt? By Warren Mosler ...Read More

The Fed’s operation tweet vs twist

Seems to me the force keeping yields down on the short end can be called operation tweet, as the Fed is simply announcing its forecasts for lower rates, which are subject to immediate change, data dependent. But with operation twist, the Fed actually buys the longer term securities vs just talking about ...Read More

Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year

THEN they’ll be the next Greece… Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year Jan 26 (Bloomberg) — Japan’s Finance Ministry said the country’s public debt will probably exceed a quadrillion yen for the first time next year, adding pressure on Prime Minister Yoshihiko Noda to raise taxes to ...Read More