I am back from a week in Mexico. And here in DC there are still mountains of snow on the ground. Here are some links I picked up on yesterday on my way home.
Cheers.
Edward
PS. – the article from Worthwhile Canadian Initiative is another disappointing one. I told you on Thursday that the fallacies of composition post left me very sceptical. This one has me scratching my head too. Winterspeak’s comment on the post sums it up best.
Banks do NOT lend reserves…The only reason why solvency concerns might cause banks to hoard reserves is because credit risk seeps into the overnight interbank lending market. In effect, potentially insolvent banks get frozen out of their reserve accounts by their peers. But this has to do with poor discount window design, it has nothing to do with lending being reserve constrained, or the "money multiplier" fallacy at core of Monetarist beliefs.
- Gedanken zur Wirtschaftsblogszene in Deutschland « Blick Log
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- Economist’s View: "Another Dumb Right-Wing Idea: Default on the Debt"
- FT Alphaville – Izabella Kaminska – Riding on a sovereign guarantee in Spain
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- HOW TO: Keep Your Facebook Updates Private – Mashable
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- Worthwhile Canadian Initiative: The simple money supply multiplier model and simple keynesian multiplier model
- O.C. has 13 months of unlisted foreclosures – Lansner on Real Estate : The Orange County Register
- FiveThirtyEight: Parallels to 1994 Are Superficial, but Results May be the Same
- More Money, More Problems – Annaly Salvos
- Greenspan Portraits Lose Luster With Post-Bubble Fall from Grace – WSJ.com
- Michael Hudson: Latvia’s Neoliberal Madness