WARREN MOSLER | Modern Monetary Theory

Jan 23 late update

Monoline problem addressed, stocks suddenly oversold as that risk fades. Most earning look strong. Guidance may be soft but that’s at least partially a function

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2008-01-21 Update

Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce

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Saudi/Fed teamwork

Looks like markets are still trading with the assumption that as the Saudis/Russians hike prices the Fed will accommodate with rate cut. That’s a pretty

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