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Category Archives: Government
The Great “American” Divide
by Lance Roberts, Streetalk Live I have often spoken of the disconnect between Wall Street and Main Street. While asset prices are inflated by continued interventions of monetary policy from the Federal Reserve, boosting Wall Street profits and widening the … Continue reading
Posted in Employment, Federal Reserve, GDP, Home Sales and Home Prices, Personal Income and Consumption, Prices - PPI, CPI and More, Retail & Business Sales, Trade Data, stock markets
Tagged consumer confidence, Economy, employment, Federal Reserve, GDP, housing, inflation, Lance Roberts, PPI, recession, recovery, unemployment
6 Comments
New Mortgage Modification Program Can’t Stop Further Housing Collapse
Written by Keith Jurow, Capital Preservation Real Estate Report Here We Go Again On March 27, 2013, the Federal Housing Finance Administration (FHFA) announced the introduction of still another mortgage modification program. Entitled the Streamlined Modification Program, it was intended … Continue reading
Escaping Liquidity Traps: Lessons from the UK’s 1930s Escape
by Nicholas Crafts This article was originally published by Voxeu.org on May 12, 2013 The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column argues that what drove this recovery was ‘unconventional’ monetary … Continue reading
Posted in Economics, Government, UK, macroeconomics, money
Tagged consumer confidence, Economy, GDP, home sales, housing, inflation, Nicholas Crafts, recession, recovery, trade balance, Voxeu
1 Comment
Terminal Velocity (9) – “Helicopter Take-off”
Written by Adam Whitehead, KeySignals.com From Terminal Velocity (3) – “The Pyramid Scheme”[i]: Reading between the lines, it is clear that the Fed intends to maintain a large balance sheet of assets for some time; even after interest rates have … Continue reading
Posted in Economics, Federal Reserve, macroeconomics, money, money and banking
Tagged Adam Whitehead, BEA, China, consumer confidence, Economy, Federal Reserve, GDP, inflation, recovery
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Japan: Exporting Deflation
by John Mauldin, Thoughts from the Frontline The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested … Continue reading
Posted in Economics, Government, Japan, Trade Data, macroeconomics, money, money and banking, stock markets
Tagged consumer confidence, Economy, exports, GDP, industrial production, inflation, Japan, John Mauldin, recovery, trade balance
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Uncertainty, Liquidity Hoarding, and Financial Crises
Analysis from Liberty Street Economics Tanju Yorulmazer, Federal Reserve Bank of New York One of the most interesting phenomena marking the recent financial crisis was the disruptions in the interbank market, where banks borrow and lend reserves to each other. … Continue reading
Housing Smoke and Mirrors (5) – “Zombie Fed”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4), it was suggested that the bad eggs in the 2005 and 2009 Mortgage Vintages were hatching; and creating a growing systemic threat. Click to enlarge The Federal Reserve and … Continue reading
The Liquidity Trap In the IS/MY Model (“Sitges Equation”)
by Dirk Ehnts, Econoblog101 I have recently built a small model which builds on the “Sitges” balance of payments identity. “Sitges” – originally a little town close to Barcelona – helps me to remember that the change in debt of … Continue reading
Posted in Government, Studies, macroeconomics
Tagged consumer confidence, Dirk Ehnts, Economy, Federal Reserve, GDP, government spending, inflation
1 Comment
Payrolls Gain But QE Has No Impact On Growth Rate
by Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 165,000 in April nonfarm payrolls, beating the consensus estimates of 140,000 to 155,000 from surveys of economists by mainstream media organizations. Surprise, surprise (not) … Continue reading
Posted in Employment, Federal Reserve, GDP, Personal Income and Consumption, Taxation, macroeconomics
Tagged BLS, Economy, employment, energy, Federal Reserve, GDP, Lee Adler, recession, recovery, unemployment
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Fed Mortgage Subsidy Drives Buying Panic In Existing Homes To Bubble Levels
by Lee Adler, Wall Street Examiner The NAR Pending Home Sales data for March is a measure of current sales as of the date of the contract. It’s the closest thing we have to a real time measure of sales … Continue reading
Public Debt and Economic Growth, One More Time
by Ugo Panizza and Andrea F Presbitero This post was originally published by Voxeu.org The very public Rogoff-Reinhart kerfuffle has focused on what is not true. This column reviews the evidence on what is true. It suggests that the debt-growth … Continue reading
Posted in Economics, Government, macroeconomics, money
Tagged Andrea F Presbitero, economic development, economic growth, Economy, GDP, public debt, Ugo Panizza
1 Comment
Everyone’s Missing the Bigger Picture in the Reinhart-Rogoff Debate
by Washington’s Blog, Washington’s Blog The “Excel Spreadsheet Error” in Context You’ve heard that an incredibly influential economic paper by Reinhart and Rogoff (RR) – widely used to justify austerity – has been “busted” for “excel spreadsheet errors” and other … Continue reading
Posted in Economics, Federal Reserve, Government, money
Tagged consumer confidence, Economy, Federal Reserve, GDP, inflation, ponzi finance, private debt, recession, Washington’s Blog
2 Comments
Terminal Velocity (6) Update – “Flying Blind, On Fumes, With No Pilot”
Written by Adam Whitehead, KeySignals.com In Terminal Velocity (4)[i], the possibility and conditions precedent for the “Helicopter” to land at Jackson Hole were discussed. The specific landing conditions were identified in Terminal Velocity (5). These conditions were observed as a … Continue reading
Posted in Economics, Federal Reserve, macroeconomics, money
Tagged Adam Whitehead, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, inflation, recession, recovery
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Which Comes First: Good Governance or Development?
by Edvin Arnby Machata This article was originally published by Institute for Advanced Development Studies with spelling of the author’s name corrected in this update. The international development community has for almost two decades focused on improving governance as a … Continue reading
Posted in Economics, Government, macroeconomics
Tagged Economy, education, Edvin Arnby Machata, GDP, governance, international data
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Does Unemployment Claims Data Indicate There Actually is Some Trickle Down?
Big Improvement in Unemployment Claims Suggests Fed Rigging May Be Trickling Out by Lee Adler, Wall Street Examiner The trend toward fewer initial unemployment claims showed signs of accelerating this week. If that were to continue it would mean that … Continue reading
Posted in Employment, Federal Reserve
Tagged consumer confidence, Economy, employment, Federal Reserve, GDP, Lee Adler, recovery, unemployment
1 Comment
The Debt-Deposit Duality
The Debt-Deposit Duality. How Much Is the Federal Debt? $12 Trillion? $10 Trillion? $0? by Rodger Malcolm Mitchell, www.nofica.com Quantum mechanics is counter-intuitive, partly because of the wave-particle duality, which says that something can be both a wave and a … Continue reading
Posted in Federal Reserve, US Treasury, money
Tagged Economy, Federal Reserve, inflation, Monetary Sovereignty, national debt, Rodger Malcolm Mitchell
5 Comments
Making The Case Against Austerity
by Stephanie Kelton This article was originally published in New Economic Perspectives Neil Irwin at Wonkblog has a new post up: The Deficit is Falling Fast. Can Washington Accept Victory? He quotes John Makin of the American Enterprise Institute, who says, … Continue reading
Posted in Economics, Government, Taxation, macroeconomics, money
Tagged consumer confidence, Economy, Federal Reserve, GDP, health care, inflation, recession, recovery, Stephanie Kelton
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The Great Debate©: How is U.S. Governance Broken?
Is The U.S. Government Structure Governable? Written by Elliott Morss, Morss Global Finance and Richard P. Rust Editor’s note: Two days ago Elliott Morss published an Op Ed on flaws in U.S. governance represented by the failure to even debate … Continue reading
Is the Federal Reserve Breeding the Next Financial Crisis?
by Ambrogio Cesa-Bianchi and Alessandro Rebucci This article was originally published in Voxeu.org Many economists think that the US Federal Reserve’s loose monetary stance in the 2000′s fueled the US housing bubble. Is the Fed thus responsible for the Global … Continue reading
Posted in Economics, Federal Reserve
Tagged Alessandro Rebucci, Ambrogio Cesa-Bianchi, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, recession, recovery, Voxeu
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Reinhart. Rogoff. Wrong.
by Dirk Ehnts, Econoblog101 This is a major scandal of economists finding a result which does not hold under closer scrutiny. Back in 2010, which is just the year that European austerity policies were put into place, the authors published … Continue reading
Posted in Government, macroeconomics, money
Tagged consumer confidence, CPI, Dirk Ehnts, Economy, employment, Federal Reserve, GDP, inflation, recession, Reinhart, Rogoff, unemployment
3 Comments
