telegraph.co.uk - 12/19/2008
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We know what causes a recession to metastasize into a slump. Irving Fisher the paramount US economist of the interwar years wrote the text in 1933: "DebtDeflation Theory of Great Depressions".
londonbanker.blogspot.com - 12/13/2008
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londonbanker.blogspot.com —
For a while now I have been on
the fence on the inflation/deflation issue – whether the...
massive monetisation of bad debts by central banks and governments will lead to rapidly escalating inflation as currencies are debased or, alternatively, lead to ...
(more)
Deflation has become inevitable
globaleconomicanalysis.blogspot.com - 12/18/2008
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globaleconomicanalysis.blogspot.com —
There is an excellent article by Axel Merk
on 321Gold called Monetizing the Debt . The article...
discusses the Fed's growing balance sheet and whether or not it represents inflation. The aspect that I want to highlight is in regards to bank lending. ...
(more)
Humpty Dumpty On Inflation
nakedcapitalism.com - 12/15/2008
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nakedcapitalism.com —
I'm reproducing the bulk of a very good
(and possibly final) post by London Banker, a former...
central banker and securities regulator, that takes issue with some of the conventional wisdom surrounding the efforts to remedy our economic crisis via ...
(more)
"Deflation has become inevitable"
Comments
Blog Reactions
Further Reading
FT Alphaville —
Elsewhere on Friday, - The Fed and “Gladwell’s tipping point.” - Blame those bonuses… - … Or blame the New York Times . - The fast life, bold ambitions and hard fall of lawyer Marc Dreier. - Pepys on Wall Street: The diary of a hedge fund manager. - Floyd’s year in finance: Chaos and doom . - Expert predictions for 2009. - ‘Stuff we like’: Crikey’s summer reading guide . - Greenspan on the future of banks . - “It’s never ideal for private corporations to rely on public funding, but we would not have been able ...
Morning Reading: Oil, Paulson, Autos, California, etc.
Paul Kedrosky's Infectious Greed —
... through to March (Bloomberg) Are the Chinese nervous or thrifty? (Economist) New hour-long video interview of Treasury Secretary Henry Paulson (92nd St Y) More California Towns Face Bankruptcy (WSJ) Questions resurface over banks' capital strength (FT) Profile of Madoff-nemesis Markopolos (AP) Federal Reserve is damned either way as it battles debt and deflation (Telegraph)
...
Friday morning links
The Mess That Greenspan Made —
... growth in 2009: RBC - The Canadian Press Japan forecasts no growth in 2009 - BBC Lenders fail to pass on cheaper borrowing - Times Online HOUSING California home prices dive 38% - LA Times Owners find themselves trapped underwater - USA Today Tax Break May Have Helped Cause Housing Bubble - NY Times Bay Area home values hit 8-year low in November - SF Gate FED/TREASURY/BANKING Federal Reserve is damned either way as it battles debt and deflation - Telegraph Why such ...
Gladwell's tipping point
The Mess That Greenspan Made —
... You pretty much know where things are probably headed just from having a quick look at the title - Federal Reserve is damned either way as it battles debt and deflation - but there's a surprising amount of nuance involved too, beginning with the scary metaphor. ...
Links 12/20/08
naked capitalism —
... and famous. Option ARMs for Dummies: Why 4.5 Percent Mortgages Rates will do Absolutely Nothing for these Toxic Assets Dr. Housing Bubble Polaroid files for bankruptcy Financial Times Foreign Investors Trade Safe for Safest Floyd Norris, New York Times. Norris picks up on a theme that Brad Setser was on to quite a while ago, that foreign investors are NOT impressed by the less than "full faith and credit" status of agency securities. Federal Reserve is damned either way as it battles debt and deflation Ambrose Evans-Priechard, ...
Related Content
Embrace Deflation - It's The Cure, Not The Problem
globaleconomicanalysis.blogspot.com 6/28/2009 — Concern over Japanese deflation is increasing. Please consider Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1% . Japan’s consumer prices fell at a record pace in May, adding to the risk that deflation will become entrenched and hamper ...
DEFLATION ?
angrybear.blogspot.com 3/22/2009 — By Spencer, Did you know that over the last six months the compound growth of the total CPI was -5.0%. Of course that is up from January when it was - 5.8%. You have to go back to 1948 to find actual deflation like this, when it bottomed at -4.2%.. ...
deflation in china
declineandfallofwesterncivilization.blogspot.com 12/4/2008 — the call from morgan stanley . Despite still relatively high CPI and PPI inflation at the current juncture, we believe that a perfect storm for deflation is gathering strength under the surface and is expected to bring about a deflationary impulse in 1H09, which may morph into persistent ...
Deflation Worries
gregmankiw.blogspot.com 11/21/2008 — From Google Trends , here is a graph of the i nternet search volume for the word "deflation." Note the sizable spike of late. Presumably, this is not because motorists are suddenly worried about their tires running out of air.
Deflation or disinflation?
VoxEU.org 2/11/2009 — Robert Ophèle , 11 February 2009 The recent rapid fall in inflation, amidst a financial crisis and a very sharp economic slowdown, has raised the spectre of deflation. But, this column argues, current dynamics in France and the euro area are actually ...
Deflation?
economistsview.typepad.com 4/16/2009 — With the decline in consumer prices today, people are beginning to talk about
the risk of deflation once again, though it doesn't appear there's much worry
since the decline was driven mainly by energy prices:
For the first time in over a half ...
THE DEFLATION BATTLE RAGES ON
capitalspectator.com 1/16/2009 — For the first time since 1955, the consumer price index fell on a year-over-year basis. Last month's seasonally adjusted CPI slipped 0.1% for the 12 months through December, the Labor Department reports. On a monthly basis, the decline in CPI is more ...
Deflation?
knzn.blogspot.com 11/29/2008 — The bad news is that the headaches and fatigue you’ve been experiencing aren’t just stress. According to our tests, you have a serious illness, and if it’s not treated soon, you could be dead within a year or two. The good news is that the treatment ...
Can inheritance taxes prevent deflation?
VoxEU.org 4/1/2009 — César Molinas , 1 April 2009 Deflation risks are more related to very low inter-temporal discount rates than to falling prices. This column argues that long-term pre-emptive action should be channelled through taxation rather than central banks. ...
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