stimulus

This is a must-see video that runs 30 minutes. Take the time to watch the whole thing. It is a real coup that CNBC got Grantham on their program.  Overall, Grantham's view is the same as mine. The Fed should get out of trying to use…

This is a cross-post from New Deal 2.0. On the eve of President Obama’s arrival to the G20 talks in South Korea, a growing chorus of voices is questioning the direction of U.S. monetary policy. Germany’s finance minister, Wolfgang…

I was on RT TV America last Friday talking about the jobs report. The video from that discussion is below (it runs about 5 minutes).  Here's the deal: The US is in the midst of a technical recovery that has been on-going for about…

by Phillippe Legrain While the debate over global imbalances often focuses on China, this column argues that the biggest threat to the world economy comes from the other side of the seesaw – the US. Countless column inches are devoted…

Here's a good discussion of what liquidity traps are from John Hussman. His weekly market commentary begins: "There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is…

I was on BBC Radio Five Live at about 4AM local time this morning for a good 5 to 10 minutes, talking about the coalition government's austerity budget. My basic message was that austerity-lite might be defensible but full austerity is…

by Comstock Partners For the third time in a little more than ten years Wall Street has embraced a dubious narrative to drive the market higher in the face of crumbling fundamentals. In early 2000 the conventional wisdom discarded over a…

The interesting thing about this clip is that Paul Krugman is probably right: you need trillions of printed dollars to get the stimulative effect the Federal Reserve is looking for. Ambrose Evans Pritchard was talking about taking the Fed's…

As I have been saying for over a year now, arguments that fiscal stimulus is needed are not going to work. George Soros makes these arguments in the video below. Not only are these arguments not going to succeed, they are counterproductive.…

There has been a lot of speculation about what the Federal Reserve will or will not do regarding quantitative easing (QE) in order to boost the economy. With the Obama administration constrained regarding fiscal policy, attention has turned…