Monthly Archive:: November 2012

Mike again ;)

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China hates QE

This was my suspicion back in maybe May, 2011 when Bernanke made his strong dollar speech after China had let their T bill portfolio run off after the Fed had begun QE1. Either China doesn’t understand QE or they are taking this position anyway, for further political purpose. And in any case, ...Read More


Congrats to Paolo Barnard who has published this manifesto based on the principles in ‘Soft Currency Economics’ and what is now known as MMT! Wish I could read Italian! NON ERAVAMO I PIIGS. TORNEREMO ITALIA ...Read More

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

yen intervention?

Seems this is what these charts would look like if Japan was selling yen to buy dollars and euro to support their exporters? ...Read More

Huffpost comments!

So glad to see the comments in defense that are as right on as anything I could have written! ...Read More

Israel Postpones Ground Assault to Give Talks a Chance

Israel doesn’t take the bait. The rocket attacks could have only been meant to trigger an invasion. Israel Postpones Ground Assault to Give Talks a Chance By Gwen Ackerman and Alisa Odenheimer November 20 (Bloomberg) — Israel postponed a decision on launching a ground invasion into the Gaza Strip, giving international negotiators ...Read More

Keynes 1939 radio address

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Early Thought follow up… A follow up conversation with Warren Mosler

Please click here to listen to a conversation with Warren Mosler. We did an audio call with Warren in late June and he was spot on. So I thought it was a good time to circle back with him. Topics include: US stocks (they look good…deficit to GDP in US a support ...Read More

SCE was downloaded on a massive scale today

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