quantitative easing

A few weeks ago, when writing about the Irish debt crisis, I finished a post saying: Eventually, people may come around to Evans-Pritchard’s view: the only way out of this is via the ECB printing money and monetizing the periphery’s…

The ECB could step into the breach but buying a large amount of sovereign bonds from the periphery. This would support the market, push down interest rates and potentially arrest the contagion. Moreover, as a large owner of peripheral…

Below are some monthly lists of items removed from the monthly Consumer Price Index Summary calculation and the excuses for doing so. (The lists were cut-and-pasted from the BLS website at the time. It looks as though the BLS only posts…

The Federal Reserve's Open Market Committee met in secret by videoconference on October 15th to hash out policy issues ahead of the official November 2-3. The most extraordinary development at that meeting was discussion around whether the…

I was eavesdropping on a conversation about Credit Writedowns on another blog (Pragmatic Capitalism) and wanted to share some of my thoughts with you on the conversation. One commenter, Mattay said: Harrison is an MMTer. As I read him,…

I was just having an argument/debate about quantitative easing. Marshall Auerback, Randy Wray and I all have posts here at Credit Writedowns which explain that quantitative easing does not create new net financial assets and is merely an…

by Michael Hudson Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.” But banks are not…

Omid Malekan produced a great video called "Quantitative Easing Explained" which we posted here a little over a week ago. The video has really hit a nerve because it resonates with people's sense of outrage. Kevin Depew, the Editor-in-Chief…

Eric Janszen, Interview with Dr. Michael Hudson 6 November, 2010 Janszen (E): What I’m noting, starting with the gold crisis over the last few weeks, and the public nature of some of the complaints that we’re hearing out of Brazil and…

by Comstock Partners In our view the market, at current levels, is highly vulnerable to a major downturn as a result of negative fundamentals and high valuations. Following is a summary of important factors likely to impact stocks in the…