Monthly Archive:: March 2012

Saudi price setting

Saudi Oil Minister: There’s No Shortage of Supply By Amena Bakr March 1 (Reuters) — Top oil exporter Saudi Arabia sought to soothe fears about high oil prices, saying on Tuesday world supplies were well in excess of demand and that $125-a-barrel crude prices were not justified given the anemic state of ...Read More

NORWAY OIL FUND TO CUT EUROPE BOND HOLDINGS TO 40% FROM 60%

Rats leaving the sinking ship… NORWAY OIL FUND TO CUT EUROPE BOND HOLDINGS TO 40% FROM 60% ...Read More

Was Quantitative Easing A Tax?

Good to see someone telling it like it is! Was Quantitative Easing a Tax? By John Carney March 29 (CNBC) — In the last of his four lectures to students at George Washington University, Ben Bernanke explained how the Fed’s quantitative easing programs worked. As it turns out, they were akin to ...Read More

eu credit growth slows

So much for the LTRO “bazooka”: EMU Growth Watch: Credit Growth Slows Frankfurt, Germany (AP) — The European Central Bank says the flow of credit available to businesses slowed down in February — a sign that the bank’s massive series of cheap loans to the financial system has yet to kickstart a ...Read More

Global themes

Austerity everywhere keeps domestic demand in check and export channels muted Non govt credit expansion pretty much stone cold dead in the US and Europe Rising oil energy prices subduing global aggregate demand US federal deficit just about enough to muddle through with modest GDP growth Rest of world public deficits also ...Read More

Bitter Money Fights Shaped U.S History (Part 1): Johnson & Kwak

The authors are making fools of themselves with this statement: As a nation, we will have to make a choice, one way or another. If the national debt grows faster than the economy for long enough, investors could lose their appetite for Treasury bonds, making it impossible for the government to borrow ...Read More

Mosler Squad Outlast Rivals For Season Opener Win – BRITCAR – The Checkered Flag

Mosler Squad Outlast Rivals For Season Opener Win – BRITCAR – The Checkered Flag ...Read More

New Home Sales Unexpectedly Slip 1.6% in February

Seems low interest rates aren’t all the tool they’re cracked up to be? But they’ve only been low for a bit over 3 years. Monetary policy works with a lag and all that. Much like Japan. Again like the carpenter said of his piece of wood, no matter how much cut off ...Read More

Bank of America tests Alternative to Foreclosure

Must be reading my blog BofA Tests an Option to Foreclosure Bank of America is launching a pilot program that will allow homeowners at risk of foreclosure to hand over deeds to their houses and sign leases that will let them rent the houses back from the bank at a market rate. ...Read More

Corporate profit margins

Click here for larger version ...Read More