stimulus

It's not my position. But I would think someone would articulate it. It sounds like what Mark Thoma would advocate, for example. That is, someone could advocate: 1 A larger deficit in the short term. 2. Specific, clear…

I am going to take the German side of the argument on the euro zone’s need for fiscal consolidation. It’s not that I like wearing a hair-shirt. Hardly. It’s because the Europeans have no other choice if they are to avoid higher interest…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). (Reuters) – "Secretary of State Hillary Clinton on Thursday…

By John Lounsbury What is the best proxy for demand in the housing market?  How about lumber.  Here is one ugly chart, courtesy of finviz.com (with trend lines added by the author): For large graphic without added trend…

According to the Federal Reserve, money market fund holdings of households has declined by about $380 billion since the end of 2008. (According to AMG, all money market mutual funds—institutional and retail—have posted net outflows of about…

This week I have decided to do the weekly review both as a links post and in narrative form.  I have already posted the links of the most-read articles (see them here). In this weekly review narrative, I want to discuss the…

A post by John Mauldin. "Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring many…

In looking back on the efficacy of stimulus in the United States, Ezra Klein has a few thoughts in the Washington Post's "You've seen the stimulus. Now, meet the anti-stimulus." A multiple choice question for you: Did the…

A post by Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. The G20 finance ministers and central bankers are meeting in South Korea to prepare for the summit in Toronto in a few weeks time.  There seem to be…

With governments printing money, inflation, now propping up asset prices, will eventually come to consumer prices. First the deflation, then the inflation, I say. Ray Dalio agrees. But, he also has some choice things to say about the…