It’s very common in post-keynesian circles to hear that unemployment is somehow caused by the government. The general story goes along the lines that unemployment occurs when the government doesn’t [ … ]
Bullard: Taper on the Table for December Meeting
Interesting comments today from James Bullard, but I presume this is a kind of “underpromise and overdeliver” strategy via the Fed here where they’re saying they might taper, but then they’ll surprise the market in a positive way with no taper. This keeps markets on their toes and climbing a sort of “taper tower” of worry.
A World of Low Inflation
This morning’s CPI showed another very low reading at 0.9% on the headline and 1.7% at the core. It’s interesting to note that food and energy are now dragging down [ … ]
Jeremy Grantham – the Market Bubble isn’t here yet, but it’s Coming….
I know I am a few days late commenting on the latest from Jeremy Grantham, but this note really is a must read. Grantham is really on point here. I’ve [ … ]
Rejecting Fiat – the Electronic vs Physical Edition
As Bitcoin surges in popularity, gold continues its steady descent lower. Is the anti-fiat money movement moving towards electronic alternatives?
Chart of the Day – Worth a Thousand Words?
DJIA gains off of 5 year lows…scary or not?
James Galbraith: There’s Absolutely no Crisis in the Public Debt of the USA
James Galbraith does a fair bit of myth busting here. This is a must watch. The only thing I don’t like is where he says he agrees with Dick Cheney [ … ]
Bloomberg: Quantitative easing isn’t “printing money.”
Outstanding piece here in Bloomberg on QE by Peter Coy. Peter recites a common refrain from Pragmatic Capitalism about QE – it’s an asset swap. I’ll get right to the [ … ]
The “sword of Damocles for emerging markets”
This post was really just an excuse to post a picture of He Man since pictures of Damocles’ sword are not very funny or interesting.
Oh, and also I discuss the risk of QE in emerging markets here….