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Wave of Debt Payments Facing U.S. Government
Wave of Debt Payments Facing U.S. Government
nytimes.com — “What a good country or a good squirrel should be doing is stashing away nuts for the... winter. The United States is not only not saving nuts, it’s eating the ones left over from the last winter.” WILLIAM H. GROSS (more) Wave of Debt Payments Facing U.S. Government
November 4, 2009
federalreserve.gov — Release Date: November 4, 2009 For immediate release Information received since the Federal Open Market Committee met... in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on ... (more) November 4, 2009
I'm doing 'God's work'. Meet Mr Goldman Sachs
timesonline.co.uk — Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn t look like a... place to stop and stare, and that s just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed ... (more) I'm doing 'God's work'. Meet Mr Goldman Sachs
China's empty city - 10 Nov 09 (video)
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China's empty city - 10 Nov 09 (video)
youtube.com — China's economy is continuing to grow despite the global recession, helped by a massive government stimulus package... of $585bn.But doubts remain whether such ... (more) China's empty city - 10 Nov 09 (video)
Dec Gross Anything but 01
Dec Gross Anything but 01
pimco.com — I'm not so much concerned about the return on my money as the return of my money.... - Will Rogers, 1933 Toothpicked, straw-hatted Will Rogers was a journalists’ dream, combining common sense with a sense of humor that could trump any ... (more) Dec Gross Anything but 01
Crisis Compels Economists To Reach for New Paradigm
Crisis Compels Economists To Reach for New Paradigm
online.wsj.com — Jesse Neider for the Wall Street Journal Yale economist John Geanakoplos has seen his previously obscure theory... about collateral's role in the credit bubble gain currency after it burst. (more) Crisis Compels Economists To Reach for New Paradigm
Sympathy for the Treasury
interfluidity.com — It worked! Officials pointed to a lot of good news in terms of visible cash flows associated... with TARP and the various assistance programs. They claimed that since the Obama administration has taken office, more money has come back than has been put ... (more) Sympathy for the Treasury
Banks should be allowed to expand
washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Banks should be allowed to expand
Mother of all carry trades faces an inevitable bust
ft.com — Since March there has been a massive rally in all sorts of risky assets – equities, oil,... energy and commodity prices – a narrowing of high-yield and high-grade credit spreads, and an even bigger rally in emerging market asset classes (their stocks, ... (more) Mother of all carry trades faces an inevitable bust
Mark Spitznagel: The Man Who Predicted the Depression
online.wsj.com — MARK SPITZNAGEL Ludwig von Mises was snubbed by economists world-wide as he warned of a credit crisis... in the 1920s. We ignore the great Austrian at our peril today. Mises's ideas on business cycles were spelled out in his 1912 tome "Theorie des Geldes ... (more) Mark Spitznagel: The Man Who Predicted the Depression
Not all bubbles present a risk to the economy
ft.com — T here is increasing concern that we may be experiencing another round of asset-price bubbles that could... pose great danger to the economy. Does this danger provide a case for the US Federal Reserve to exit from its zero-interest-rate policy sooner ... (more) Not all bubbles present a risk to the economy
Key oil figures were distorted by US pressure, says whistleblower
Key oil figures were distorted by US pressure, says whistleblower
guardian.co.uk — Exclusive: Watchdog's estimates of reserves inflated says top official The world is much closer to running out... of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately ... (more) Key oil figures were distorted by US pressure, says ...
Will rising oil prices derail the recovery?
Will rising oil prices derail the recovery?
econbrowser.com — Last April I described new research on the role of oil prices in the recent recession. Here's... an update on what's happened since then. In a paper presented at the Brookings Institution last spring , I examined the post-sample forecasting ... (more) Will rising oil prices derail the recovery?
Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?
blogs.telegraph.co.uk — If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy... behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke ... (more) Climategate: the final nail in the coffin of ...
Midnight Candles Gross November
pimco.com — Midnight Candles Gross November (more) Midnight Candles Gross November
Banks Get New Rules on Property
online.wsj.com — Federal bank regulators issued guidelines allowing banks to keep loans on their books as "performing" even if... the value of the underlying properties have fallen below the loan amount. The volume of troubled commercial real-estate loans is ... (more) Banks Get New Rules on Property
It is Japan we should be worrying about not America
telegraph.co.uk — Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's secondlargest economy has... been able to borrow cheaply from a captive bond market feeding its addiction to Keynesian deficit spending - and allowing it to push ... (more) It is Japan we should be worrying about not America
Curious Meeting at Treasury Department
nakedcapitalism.com — The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. Initially,... the meeting was to be background, which is a sort of journalistic “FYI but you can’t use it” but we were told ... (more) Curious Meeting at Treasury Department
Unemployment Rates by County
cohort11.americanobserver.net (more) Unemployment Rates by County
Interest rates: the phantom menace
Interest rates: the phantom menace
krugman.blogs.nytimes.com — What I think lies behind the surprising deficit squeamishness of the Obama administration, and why it's wrong-headed.... (more) Interest rates: the phantom menace