USA Archive

Thaler’s Corner 04-22-2013 2013: And now?

Again, very well stated! Thaler’s Corner I must admit that I am at a loss for words these days. The analytical items at our disposal describe a situation so complex, given a myriad of contradictory influences, that I find it impossible to develop any sort of reasonable scenario. I have spent a ...Read More

Nikkei Nasdaq (10yr lag)

Full size image ...Read More

U.S. Warns Japan on Yen

So does the US have a strong dollar policy, a weak dollar policy, or an ‘unchanged’ dollar policy? In any case, President Obama and Congress still fail to recognize that imports are real benefits and exports real costs. And that net imports mean taxes can be lower and/or spending higher to sustain ...Read More

Global growth and US oil and product imports

A while back I’d written about how the global economy had become leveraged to net exports to the US, which has turned out to be the case. And now with US imports of crude and products falling, another leg of this process seems to be underway, and in a world where no ...Read More

My story of the Thatcher era

Here’s how I remember it all. I didn’t look anything up, with the idea that memories matter. The ‘golden age’ from WWII was said to have ended around 1973. Inflation and employment was remembered as relatively low, productivity high, the American middle class thriving. Why? Keynes was sort of followed. The Kennedy ...Read More

Contrasting Eur/U.S. Data/Forecasts

Karim writes: The single most important economic indicator in Europe was released today, the Composite PMI. For March, it was expected to increase to 48.2 from 47.5; it fell to 46.5, the lowest level since November. In the U.S.: 4-week average of initial claims fell to a 5yr low Existing single family ...Read More

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

Huffington post- It’s not the deficit, stupid!

It’s Not the Deficit, Stupid! By Warren Mosler ...Read More

Raising tax rates is “unacceptable” to House Speaker John Boehner

I hear you. I’m starting to get worried the ‘caveats’ are winning :( in any case the charts are still saying ‘sell’ even though, ex caveats, the fundamentals are ok. So in any case timing isn’t right yet for a long position, seems On Fri, Nov 9, 2012 at 7:25 AM, Michael ...Read More

MMT on the immediate restoration of the US’s AAA rating

Not that it matters, of course, but all’s that’s needed is for the Fed to guarantee that all US obligations mature at 100. The Fed is fully authorized to buy US tsy securities and can certainly buy them at maturity value on their maturity date, simply by crediting the appropriate accounts. And ...Read More