Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
The Pause That Doesn’t Refresh
By Comstock Partners The Fed tried to thread a needle and ended up satisfying nobody. They confirmed to all the doubters that the economy was indeed weak and that they really couldn't do much about it without resorting to completely…
Does the Money Multiplier Exist?
Editor's Note: Do not confuse the use of the term 'loanable funds' used here with the theory of loanable funds which implies government spending crowds out private spending because of a limited pool of 'loanable funds' in an economy. The…
Reinhart and Rogoff, Government Debt and Other Links
Topic of the day: Fiscal Problems 1. The U.S. and Reinhart and Rogoff Reinhart And Rogoff Are Confusing Me - Paul Krugman Blog - NYTimes.com Debt and growth revisited | Reinhart and Rogoff Why Won’t “Fiscal Hawks” Discuss The…
On ideology and economics and the apathy of the American public
This is me thinking out loud (on paper). Comments are appreciated. During crisis we often see economics come toe-to-toe with ideology because government becomes a more openly active player in our lives. This crisis has been no different.…
Wheat and Currencies
Wheat is trading higher today, positioning to snap a 4-day profit-taking decline. The US Dept of Agriculture provided updated its forecasts for grain production. It now forecasts a global harvest for year than began June 1 at 645.7 mln…
Tensions Rising with China
The dollar-yuan was fixed today at CNY6.8015 today. It closed yesterday near CNY6.7750 and was fixed yesterday at CNY6.7768. The greenback's broad rally yesterday contributed to the sharply higher fix today. Subsequently, the dollar eased…
Poor Economic Data in Europe Increase Global Growth Concerns
From the BBH Currency Strategy Team. Highlights The US dollar is mostly firmer today after yesterday’s surge. After yesterday’s gains were briefly and marginally extended in early Asian trading, a consolidative/corrective…
Economic policy failure
Recently Press Secretary Robert Gibbs made an unsuccessful attempt to pin blame for the Obama Administration's failed economic policies on the "professional left." Gibbs said "those people ought to be drug tested" and…
Potential for Sino-American trade friction increasing and other links
With America's new-found trade deficits, the trade war with China will heat up again. Will it wait until after the mid-terms? Probably not because American politicians will want to convince voters that they are doing something to help with…
Latam Update: ABC–Argentina, Brazil, Chile
Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow. It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…