Thanks to Barry Ritholtz, I came across this latest by Matt Taibbi (famous for his description of Goldman Sachs as vampire squid) on how the present democratic administration sold out to Wall Street. I have not read it. But, thought I should flag it. It should be interesting.
I was there in CNBC studios in Singapore [...]
Of course, there have been several pieces lately on the U.S. dollar. The most recent one appears to be this in the FT today, by Krishna Guha. This article closely follows the spirit of an earlier one by Martin Wolf in the same paper : that the demise of the U.S. dollar is exaggerated. That is [...]
Bloomberg reports that Treasury Secretary Geithner had seen stronger than expected economic recovery signs. Substantiation inside the text of the news item simply refers to normalisation of financial conditions. I am not sure that is ’stronger than expected’ economic recovery. Separately, finance ministers of G-7 called for a ’strong dollar’, again, according to Bloomberg:
Oct. 3 [...]
Prof. Allan Meltzer writes about the inflation risk in the US., in the medium-term. I agree with him. He points to the GDP deflator rise of 2.9%. Perhaps, I would look at PCE (incl. food and energy) deflator. Here is the link for PCE deflators. Most of them, with the exception of PCE core deflator, [...]
China’s central bank governor posted a note on the web site of the People’s Bank of China proposing a new global reserve currency. The key points are here:
They may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess [...]
No. Michael Sesit is not trashing this blog, although it is fair game to do so. He is trashing the real gold standard. Much of the arguments are not new. The last sentence is a valid objection:
If you don’t have faith in central bankers or politicians to ride herd over inflation, why would you trust [...]
Although Yves Smith over at Naked Capitalism has flagged it a while ago, I thought it is worth repeating here. Prof. Axel Leijonhufvud (pronouncing his last name or spelling it is not g oing to be easy for us) has a no-nonsense piece at voxeu.org. It was published nearly a week ago.
Two observations are worth reproducing:
The [...]
The good researchers at the Levy Institute are always an interesting read. Whether we agree with them or not, they have a framework. They are easy to follow. They have come up with an interesting piece titled “Prospects for the United States and the World: A Crisis That Conventional Remedies Cannot Resolve”. It can be [...]
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