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WARREN MOSLER | Modern Monetary Theory

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Small banks being crushed by Fed’s game of musical chairs

Small banks, already penalized with a higher cost of funds than the large banks (link) have more recently been forced to contract due to ‘wholesale

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July 14, 2010

mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand

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July 7, 2010

New Fed securities purchases

[Skip to the end] I like this part, after all the criticism of lenders who relied on credit agency ratings: “Each month, the Fed will

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November 26, 2008

Re: Fed to lend to CBs in unlimited quantities

[Skip to the end] (email exchange) >    >   On Mon, Oct 13, 2008 at 3:00 PM, Craig wrote: >    >   Since nobody understand the local currency /

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October 13, 2008
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