Monthly Archives: April 2012

Riksbank Says Considering Establishing Krona Bond Portfolio

Huh??? Riksbank Says Considering Establishing Krona Bond Portfolio By Jonas Bergman April 27 (Bloomberg) — Sweden’s Riksbank is considering building a portfolio of krona bonds that would help it enact crisis measures faster, officials at the bank’s monetary and financial … Continue reading

Posted in Bonds | Tagged |

Something to note…

Spotted by Sean Keane It was also interesting to note an easily overlooked article in Greek online newspaper Kathimerini saying that the European Commission is pressuring the European Investment Bank to withdraw a clause that it recently inserted into its … Continue reading

Posted in ECB, Greece | Tagged |

Brussels to relax 3pc fiscal targets as revolt spreads

Yes, larger deficits are needed to support aggregate demand at desired levels. However, the problem is the national govts are currently like US states and as such are revenue constrained. So relaxing the deficit limits without some kind of ECB … Continue reading

Posted in Deficit, ECB, EU |

OECD Head Urges Japan To Fix Finances, Hike Consumption Tax

It’s globally unanimous. And it’s moving the euro zone closer to the waterfall. OECD Head Urges Japan To Fix Finances, Hike Consumption Tax By Kelly Olsen April 25 (Bloomberg) — The head of the Organization for Economic Cooperation and Development … Continue reading

Posted in Japan |

WRKO Radio interview this am

Warren Mosler on the Economy and the FOMC Meeting EDIT: (Warren starts at 1 minute 20 seconds)

Posted in Fed |

Mosler Leads Ferrari in BEC Donington Qualifying

Mosler Leads Ferrari in BEC Donington Qualifying By James Broomhead April 21 (Bloomberg) — In qualifying for the second race of the Britcar MSA British Endurance Championship Javier Morcillo took pole position by a little over half a second from … Continue reading

Posted in Uncategorized |

Japan Lacking Fiscal Plan May Be Deflation Cause, Shirakawa Says

Shared delusion… Obama By Paul Panckhurst April 22 (Bloomberg) — Japan’s absence of “concrete reform plans” for the nation’s finances may be contributing to deflation and sluggish economic growth by discouraging spending by the public, central bank Governor Masaaki Shirakawa … Continue reading

Posted in Government Spending, Japan |

German Manufacturing Shrinks at Fastest Pace Since 2009

The 10th plague, as the infection spreads to the core? The surprise is that it took so long, with austerity eroding export markets. And note the drop in the employment index as well. German Manufacturing Shrinks at Fastest Pace Since … Continue reading

Posted in EU, Germany, Government Spending |

People who reject free lunches are fools: Liquidity trap – part II

Fiscal and monetary policy in a liquidity trap – part II By Martin Wolf Output is produced by work. Work is a cost, not a benefit. It is in that sense that there is no free lunch. Might fiscal expansion … Continue reading

Posted in Bonds, CBs, Currencies, Deficit, Government Spending, Interest Rates |

Fiscal and monetary policy in a liquidity trap

Not bad, but let’s take it up to the next level. Comments below: Fiscal and monetary policy in a liquidity trap By Martin Wolf With floating fx, it’s always a ‘liquidity trap’ in that adding liquidity to a system necessarily … Continue reading

Posted in Bonds, Currencies, Deficit, Fed, Government Spending, Inflation, Interest Rates | Tagged , , |