Monthly Archives: February 2013

Warren on WRKO

Warren Mosler on Ben Bernanke’s comments from yesterday

Posted in Fed |

Submissions for Free Kindle Books

The Seven Deadly Innocent Frauds of Economic Policy will be free on Kindle this weekend.

Posted in Uncategorized |

Saudi production down to 9 million bpd

Demand for their output is falling, but still plenty high to be ‘price setter’

Posted in Uncategorized |

Brits May Have to Work Until 75, Thanks to China

Stupid taken to new heights. Retirement is about no longer producing real goods and services and instead living off of the real output of others, incuding China’s exports to you. The only way this could make any sense is if … Continue reading

Posted in China, Employment, UK | Tagged |

Efficiency of China’s economy ‘sliding’

More evidence the Chicago educated offspring have taken charge. Good luck to them… Efficiency of China’s economy ‘sliding’ Feb 28 — The efficiency of China’s economy is slipping, with money flowing much slower betweendifferent sectors than in the past, according … Continue reading

Posted in China | Tagged |

Euro-Area Inflation

I wonder if any of the early models had this much ‘inflation’ with this large of an output gap… Euro-Area Inflation Rate Declined in January on Energy, Services By Angeline Benoit February 28 (Bloomberg) — The euro-area inflation rate fell … Continue reading

Posted in EU, Inflation |

Comments on the Italian election results

With austerity now well understood to increase deficits, only PSI remains to decrease deficits. With strong political support surfacing, as per Grillo’s positions on repudiating debt. So there is the deflationary impact of PSI. The flight to maybe actual cash … Continue reading

Posted in ECB | Tagged , |

OpenEurope: What Happens Next in Italy?

The Grillo factor Beppe Grillos Five Star Movement received over 25% of the vote exceeding all expectations. Though Berlusconi and Grillo are both populist and anti-austerity, in many ways, theyre also each others antithesis one representing the old sclerotic system, … Continue reading

Posted in EU | Tagged , |

China Needs Tighter Monetary Policy, State Research Agency Says

The narratives of the last few months leave me not expecting a lot from China. Not long ago 7.5% growth was described as a ‘hard landing’ and it probably still means same. The out of paradigm western educated kids are … Continue reading

Posted in China |

Mortgage Bankers purchase applications

Been generally improving from highly depressed levels. And may be faltering with fica hike, sequester, etc. While there is some question of whether mtg bankers are losing market share, it still tells me it’s all nowhere near triggering a Fed … Continue reading

Posted in Housing |