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Category Archives: US Treasury
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
Retail Sales Rebound in March after Weak January-February
by Lee Adler, Wall Street Examiner The headlines and mainstream media stories on retail sales were hysterical and misleading as usual, thanks again to screwy, fictitious seasonally adjusted data. “Retail Sales in U.S. Dropped in March by Most in Nine … Continue reading
What’s Going to Happen to the Fed’s Balance Sheet?
by James D. Hamilton, Econbrowser.com Originally published at Econbrowser 17 March 2013. The Federal Reserve has increased its assets from $900 billion in 2007 to over $3,150 billion and still climbing today. On the liabilities side of the Fed’s balance … Continue reading
Posted in Federal Reserve, US Treasury, money
Tagged economic forecast, Economy, fed balance sheet, Federal Reserve, GDP, James D. Hamilton
2 Comments
Federal Spending Sequester Crushes Jobs
Biggest Jump in Unemployment For This Week Since 1996 by Lee Adler, Wall Street Examiner First time unemployment claims put on their worst performance for this week of March in the past 17 years. The Labor Department reported that the … Continue reading
Here’s The Real Time Evidence That The US Economy Is Growing at 2.4% Right Now!
by Lee Adler, Wall Street Examiner Let’s get one thing straight. I am no economist. If I were, I’d be too embarrassed to tell anybody anyway. I’m just a guy who learned from Yogi Berra that, “You can observe a … Continue reading
Posted in Economics, Taxation, US Treasury
Tagged consumer confidence, Economy, employment, Federal Reserve, GDP, Lee Adler, taxation
3 Comments
Why Not a Quantitative Target for Quantitative Easing?
by Paul Kasriel, The Econtrarian When I should have been practicing my bass guitar in preparation for my band class Thursday evening, I, instead, watched the first few minutes of Federal Reserve Chairman Bernanke’s post-FOMC press conference. A number of … Continue reading
Posted in Economics, Federal Reserve, US Treasury, money
Tagged consumer confidence, Economy, Federal Reserve, GDP, Paul Kasriel
1 Comment
Fed “Earnings” and Treasury Remittances Are Collapsing! What Does It Mean?
by Lee Adler, Wall Street Examiner The Fed reported in January that it returned “profits” of $89 billion to US taxpayers in 2012 via its weekly remittances to the US Treasury. That was an average of $1.7 billion per week. … Continue reading
Posted in Federal Reserve, US Treasury
Tagged consumer confidence, Economy, Federal Reserve, GDP, Lee Adler
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Look at the Jobs Report to See How America Has Changed, and Continues to Change
by Fabius Maximus, FabiusMaximus.com Summary: The news media coverage has expanded during the past 20 years, but probably only giving more heat than light. Hence the frequent assertions during 2010-2011 (eg, seen in the comments on the FM website) that … Continue reading
Posted in Economics, Employment, Federal Reserve, GDP, Government, US Treasury, economic predictions
Tagged Economy, Fabius Maximus, Federal Reserve, GDP, jobs, recovery
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Reinventing Government: the 1995 Speeches Announcing the Road to Ruin
by William K. Black, New Economic Perspectives Introduction to the “Reinventing Government” movement Anyone who has worked for a large government or firm knows their tendency to be bureaucratic. Everyone has had the experience of dealing with bureaucratic mentalities, including … Continue reading
Posted in Economics, Federal Reserve, Government, US Treasury
Tagged big government, consumer confidence, deregulation, Economy, Federal Reserve, GDP, William K. Black
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January Job Gains Were Right On Trend, But Not Enough To Shrink Unemployment and Stop Fed Printing
by Lee Adler, Wall Street Examiner This post is excerpted from the permanent Employment Charts page, which includes numerous additional charts and analysis on key employment metrics. The BLS today reported a seasonally adjusted (SA) gain of 157,000 in January nonfarm … Continue reading
Posted in Economics, Employment, Federal Reserve, GDP, US Treasury
Tagged Economy, employment, Federal Reserve, Lee Adler, unemployment
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Debt Ceilings, Bombs, Cliffs and the Trillion Dollar Coin
by Jeffrey Frankel, Jeff Frankel’s Weblog Needless to say, the US has a long-term debt problem. The problem is long-term both in the sense that it pertains to the next several decades rather than to this year. (Indeed, the deficit/GDP … Continue reading
Posted in Economics, Federal Reserve, US Treasury, money
Tagged debt ceiling, Economy, federal debt, Federal Reserve, fiscal cliff, GDP, inflation, Jeffrey Frankel, trillion dollar coin
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How to Induce Explosive Debt Dynamics
by Menzie Chinn, Econbrowser.com The debt ceiling and implications of: “We Republicans need to be willing to tolerate a temporary, partial government shutdown.” and more recently “I think it is possible that we would shut down the government to make … Continue reading
Posted in Economics, Federal Reserve, GDP, Government, US Treasury
Tagged debt ceiling, Economy, federal deficit, Federal Reserve, GDP, government shutdown, Menzie Chinn
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Rothbard and Money
by Llewellyn H. Rockwell, Jr, Lew Rockwell.com This was published on January 2, 2013, in Ron Paul’s Monetary Policy Anthology: Materials From the Chairmanship of the Subcommittee on Domestic Monetary Policy and Technology, US House of Representatives, 112th Congress. The … Continue reading
Posted in Economics, Federal Reserve, Government, US Treasury, money
Tagged Economy, Llewellyn H. Rockwell, money, money-market
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Bloomberg: Euro Crisis Hits Global Profits, But US Tax Collections Soar
by Lee Adler, The Wall Street Examiner Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a four-year record.
Bloomberg: Euro Crisis Hits Global Profits, But US Tax Collections Soar
by Lee Adler, The Wall Street Examiner Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a four-year record.
Posted in Taxation, US Treasury
Tagged federal taxes, Lee Adler, tax receipts, The Wall Street Examiner
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What is U.S. Treasury’s Largest Asset?
by Doug Short, Advisor Perspectives Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset on Uncle Sam’s balance sheet? U.S. Official Reserve Assets Total Mortgages Taxes Receivable Student Loans
U.S. Federal Taxes: April Showers, Yes. May Flowers, ??
by Lee Adler, The Wall Street Examiner The US Government has had a blockbuster tax season. The numbers are stunning:
A.I.G. and Greece: Comparing Bankruptcies
by Elliott Morss Introduction In the midst of the Greek crisis, a report was issued last week by a watchdog government agency assessing how the Federal Reserve handled the A.I.G. crisis. Remember that one? At one point, the Feds had … Continue reading
The Real Truth Is, When It Comes To The Government There Is No Debt
by Guest Author Mike Norman, Chief Economist at John Thomas Financial All we hear about is the debt, the mountain of debt. Debt, debt, debt…it never ends. My question is, what debt? What’s the debt that everyone is talking about? … Continue reading
Posted in Government, US Treasury, macroeconomics
Tagged austerity, debt ceiling, deficit, government debt, Mike Norman, private savings, super-committee, treasury bonds
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Effects of Operation Twist
by Guest Author: James D. Hamilton
The Federal Reserve announced on Wednesday ([1], [2]) that it will sell some of its shorter-term assets in order to buy more longer-term assets. Here I assess some of the possible consequences of this move.
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The modest effects that one could reasonably anticipate for a measure like operation twist are easily swamped by other developments, and even a sizable effect on 30-year Treasury yields would not in my mind provide a major stimulus. I think the correct interpretation is that the Fed would like to bring some more stimulus, this was something they could do in that direction, so they did it.
But if you were about to drown, I wouldn’t want to count on operation twist as your lifeline to safety. Continue reading
Posted in Economics, Federal Reserve, US Treasury
Tagged Econbrowser, Fed, interest rates, James D. Hamilton, QE2, Treasury, treasury bonds, treasury yields
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