Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Political Economy
Grantham: Night of The Living Fed
From From Jeremy Grantham's latest quarterly letter: If I were a benevolent dictator, I would strip the Fed of its obligation to worry about the economy and ask it to limit its meddling to attempting to manage inflation. Better…
The Committee To Save The World, Female Edition
See Schapiro, Bair, Warren: Female Sheriffs of Wall Street - TIME
Bloomberg Freedom Of Information Act Lawsuit Goes To Supreme Court Without Fed
In November of 2008, I reported a lawsuit brought by Bloomberg News which requested the Federal Reserve disclose which securities it had accepted on behalf of taxpayers as collateral for $1.5 trillion in loans to banks during the…
Blanchflower: G-20 Meeting `Complete Waste Of Time’
Good interview on Bloomberg with David Blanchflower. He thinks the US is going to manipulate its exchange rate by printing a bunch of dollars, leading to currency revulsion and selling of dollars. Meanwhile everyone else is fixated on…
Timothy Geithner’s Letter to the G20 Finance Ministers
I will be on BNN today at 12 Noon ET talking about the G20 amongst other topics, so I wanted to highlight this issue. Here's the text first (with added bolding) and then a few comments: First, G20 countries should commit to undertake…
If you print a trillion, I’ll print a trillion – and other instances of behavior leading…
I didn't make this title up, but it's so clever I wish I had. Andy Xie, the Former Morgan Stanley Asia economist used this as the sub-header in a column in today's Caixin editorial. Xie doesn't buy the G-20 rhetoric that all is fine in the…
Do Most Members of the US Congress Deserve Re-Election?
I thought this chart on the upcoming US midterm elections was interesting because independents are tracking Republicans very closely while Democrats are living in a different world regarding Congress. Here is what Gallup says:…
More On Geithner’s Currency Classifications
by Win Thin US Treasury Secretary Geithner broke down the world’s currencies into three groups: 1) currencies that are undervalued “by any measure”, 2) EM countries that have flexible currencies under what could be called a “dirty…
Video: Britain’s Austerity Budget
Below is a good comprehensive video highlighting the spending review outlined by the Chancellor George Osborne yesterday in the House of Commons. See relevant articles on this in the links. Here is an unedited version of Mr Osborne's…
Blanchflower: The Fed Should Buy Munis And Monetize State Debt
A few months ago I was running through some out of the box thinking for how the Fed might be able to give quantitative easing more of an impact. Not that I think the Fed should go QE, but if they do, the question is what should they do.…