Even more confused than the usual out of paradigm nonsense from Geithner highlighted below: U.S. Will Urge China to Boost Interest Rates in Washington Talks By Rebecca Christie and Ian Katz May 9 (Bloomberg) — Treasury Secretary Timothy F. Geithner will urge China to allow higher interest rates when he meets with Chinese leaders this […]
Tag Archives: Tim Geithner
G20 rules out fiscal expansion
G20 Says Expansionary Fiscal Policy Not Sustainable The G20 has dropped its support for fiscal expansion. The deficit hawks are prevailing. But why is that? We all either know or should know that operationally Federal spending is not constrained by revenues, as Chairman Bernanke stated last year, when asked on ’60 Minutes’ by Scott Pelley […]
Deficit terrorism has not let up
[Skip to the end] No telling which way the Obama administration will go. Probably the middle path which will mean muddling through with high, repressive output gaps that do the most damage to their own constituency. It’s not a bad environment for stocks, the near term risk remaing a strong dollar that reduces translations of […]
Geithner- more innocent subversion
[Skip to the end] This is the party line and both sides agree. We are our own worst enemy of our standard of living As our real terms of trade continue to deteriorate. How hard is it to understand that exports are real costs and imports real benefits??? Geithner Says Americans Will Have to Save […]
Geithner- at best a case of innocent subversion.
[Skip to the end] Appreciate it if anyone can get me a meeting with him. This policy is a major threat to our standard of living, and he apparently doesn’t know it: Geithner Sees G-20 Consensus, Supports Dollar’s Reserve Role By Rebecca Christie September 25 (Bloomberg) – Treasury Secretary Timothy Geithner said he sees a […]
Geithner Pledges Smaller Deficit as China Talks Start
[Skip to the end] Geithner Pledges Smaller Deficit as China Talks Start By Rebecca Christie and Rob Delaney July 27 (Bloomberg) — Treasury Secretary Timothy Geithner pledged the U.S. will shrink its budget deficit over the next four years and boost national savings, Ah, ‘national savings,’ that gold standard measure that’s inapplicable with our non […]
China policy obamanation
[Skip to the end] We do not need China or anyone else to buy our securities and we net benefit enormously from net imports in general. The profoundly confused China policy comes from an administration that both does not understand the monetary system and does not understand that imports are real benefits and exports real […]
Geithner’s got it wrong re: China
[Skip to the end] This is what happens with an administration that does not understand imports are real benefits and exports real costs. This is a proactive move that hurts our real terms of trade and real standard of living. Geithner to Urge China to Boost Demand, Official Says by Rebecca Christie May 28 (Bloomberg) […]
Geithner takes the pledge
[Skip to the end] Score one for the deficit terrorists This is one of the largest risks to the recovery: Geithner Pledges to Cut Deficit Amid Rating Concern by Robert Schmidt May 21 (Bloomberg) — Treasury Secretary Timothy Geithner said the Obama administration is committed to reducing the federal budget deficit after concerns rose that […]
Crisis may make 1929 look a ‘walk in the park’
Crisis may make 1929 look a ‘walk in the park’ Telegraph by Ambrose Evans-Pritchard As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central […]