Misrepresents what I say a bit, but they do have my picture next to JFK! 😉 The IMF: sovereign currency, no longer the monopoly of
Four Deformations of the Apocalypse By David Stockman July 31 (NYT) — If there were such a thing as Chapter 11 for politicians, the Republican
Zimbabwe for hyperventilators 101 A very good read. Today’s hyper inflation fears due to ‘money printing’ are pure fear mongering. My comment to Bill in
History will not be kind to the former Fed Chairman with regard to his understanding of monetary operations. He understands solvency is not an issues
govt deficits = ‘non govt’ savings: The recovery in wealth last year was a result of resurgent financial markets and increased savings, the report said.
America’s disastrous debt is Obama’s biggest test By Roger Altman April 21 (FT) — The global financial system is again transfixed by sovereign debt risks.
US Jan budget surplus narrows as spending hits record by David Lawder WASHINGTON, Feb 12 (Reuters) – The U.S. government posted a $17.84 billion budget
Please excuse the mix of Bloomberg and Valance graphs. Comments welcome. Went blurry eyed trying to organize it all. Markets reacted strongly to Friday’s -17,000
Note how the ‘soft spot’ in govt. spending corresponds to the softening in domestic demand. Fortunately exports have been expanding sufficiently to sustain reasonably high