Daily Archive: Wednesday, May 9, 2012

Another nice write up on CNBC.com

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

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 in their countries may be coming to an end, but as far ...Read More

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 as a ‘bailout’ The public purpose of FNMA is to get lower ...Read More

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 unspent income. That the only way the output gap gets filled is ...Read More

Student loans dominate consumer credit

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