WARREN MOSLER | Modern Monetary Theory

Wray discussion

(an email with Randall Wray)  On Dec 11, 2007 10:49 PM, Wray, Randall <WrayR@umkc.edu> wrote: > Warren: very respectfully, I suggest you might reconsider both

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Roubini blog

Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending,

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UST ASW update

(an interoffice email) > > > 16bp day for 2yr spreads today: > > > > The market went into the fed announcement expecting perfection

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Financing desk comments

I’m lost for an explanation as to whey the Fed ignored the year end liquidity issue entirely, after alluding to it in various speeches and

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FOMC

(interoffice email) > Dovish statement not matched by actions (no lowering of FF-Discount Rate > spread). As Tom Brady recently commented, “Well done is better

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Dec 11 balance of risks update

Labor markets remain stronger than expected, right up through this morning’s Manpower survey for next quarter. Inflation risks remain elevated, with estimates of 1.5% PPI

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