Daily Archives: May 9, 2012 @ 5:12 pm (Wednesday)

Another nice write up on CNBC.com

Is Norway Preparing for a European Bond Disaster? By John Carney

Posted in Uncategorized |

61% Believe Europe Needs to Cut Government Spending to Save Economy

In case you thought US voters were any different than their euro counterparts: 61% Believe Europe Needs to Cut Government Spending to Save Economy May 9 (Bloomberg) — Newly elected leaders in France and Greece have signaled that austerity efforts … Continue reading

Posted in EU, Government Spending, USA |

Fannie Mae Won’t Seek Aid After Reporting $2.7 Billion Profit

FNMA may have always had only a market to market issue and not a long term cash flow issue. And its always been a public/private partnership with govt’s role that of the funding model, so I never saw govt funding … Continue reading

Posted in Banking, Housing |

EU’s Response to Crisis Will ‘Convince People,’ Van Rompuy Says

See below, seems 75% still support the euro vs trusting their own leaders with their own currency. Also, unfortunately, the non MMT world pretty much still fails to grasp that mass unemployment is a macro problem and a manifestation of … Continue reading

Posted in EU |

Student loans dominate consumer credit

Student Loans Continue to Drive Consumer Credit in March 2012 By Steven Hansen

Posted in Uncategorized |