zanardm

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    • Wed Dec 3rd 00:53 AM
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      Rating: +1 0
      Commented on:
      Can Obama Stop the Current Recession?
      From above:
      'in an evident state of panic Bernanke expanded the monetary base from $980,914 billion on 8 October to $1,233,679, on 5 November, a 24.7 per cent increase.'

      Can anyone stop the D.C. Debt Machine of the Fed, Congress, and new and old administration? Who can say NO to more debt? Must it be the marketplace - old fashion basic supply and demand?

      Also the Fed chairman is too much responsibility for one person, and appears to be too much command and control; so too for current Treasurer. So perhaps the ECB model of a Governing Council would be better, in addition to an executive board. See en.wikipedia.org/wiki/...
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    • Wed Dec 3rd 00:42 AM
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      Rating: 0 0
      Commented on:
      Can Obama Stop the Current Recession?
      If that were so, then opening a new Electoral College would be the next logical step.


      On Dec 02 05:58 PM Socialism cannot compete! wrote:

      > Obama may not be a "natural born citizen"...the Supreme Court is
      > scheduled to conference on the matter on Friday. Stay tuned -- he
      > may not be Prez after all.
      View article »
    • Wed Dec 3rd 00:12 AM
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      Rating: 0 0
      Commented on:
      Plosser: Prior to the crisis, Fed lending typically amounted to less than 1% of total Fed assets; now it's nearly 50%. Says he's not worried about deflation, but that the Fed must help anchor market expectations or risk self-fulfilling prophecies.
      It's too much responsibility for 1 person. Restructure the Fed, and have 5 top administrators, in addition to governors. And let the majority decide.
      View news story »
    • Thu Nov 27th 22:37 PM
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      Shorting U.S. Government Risk
      The Fed is out of control. It has turned into a debt ('quantitative easing') machine. The T-market will turn. Dead cat bounce dollar - here we come.
      View article »
    • Thu Nov 27th 22:16 PM
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      Rating: +1 0
      Commented on:
      Can Obama Make Sense of All This Debt?
      Is the Fed creating a treasury market bubble by pushing new supply (i.e. another window opening)? Has the Fed become a debt machine? 'Quantitative easing' is a euphemism for more debt. How do we stop the debt machine in debt city i.e. D.C.? i thought defending the value of the dollar was one of the functions of the Fed. Europeans understand the importance of preserving a currency's value. Who will just say No to more debt? Market forces, of course, in the guise of creditors.The private sector is deleveraging, whereas the public sector is cranking up the debt machine, courtesy of the Fed and politicians. Increasing debt is the 25 yr cause of the problem , not part of the solution.
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    • Thu Nov 27th 22:01 PM
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      The Race to Zero Interest Rates
      'Quantitative easing', a euphemism for more debt. Open another window; allow free flow of debt. How do we stop the debt machine in debt city i.e. D.C.? i thought defending the value of the dollar was one of the functions of the Fed. Europeans understand the importance of preserving a currency's value. Who will just say No to more debt? Market forces, of course.The private sector is deleveraging, whereas the public sector is cranking up the debt machine, courtesy of the Fed and politicians.
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    • Thu Nov 27th 00:13 AM
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      Rating: +1 0
      Commented on:
      Obama wants to help pay for the country's new financial programs by slashing deadweight from the federal budget. "We can’t sustain...programs that have outlived their usefulness or exist solely because of the power of politicians, lobbyists or interest groups. We simply can’t afford it.”
      The pentagon is probably the only place to cut; unless one wants to take on COLAs, ss, medicare etc. He's talking the talk again, but can he walk the walk? The vote on bailout of wall street was a definite non-starter.
      View news story »
    • Thu Nov 27th 00:05 AM
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      Rating: 0 -1
      Commented on:
      In today's press conference, President-elect Obama announced a new advisory panel, the President’s Economic Recovery Advisory Board. Heading the panel: Paul Volcker.
      Can the Old Man just say NO to more gov debt? Or will the 'candy store' continue to be open, but at an ever increasing rate? Can we ever deleverage the heads of politicians - the ultimate bubble? Or use the 10 Amendment to exercise physical conservative restraint via national referendums, such as we did recently with eminent domain in 7 states? The machinery is there in about 1/2 of states. Is it also time for a power swing back to the states, such as for example an advisory council of governors?
      View news story »
    • Wed Nov 26th 23:51 PM
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      Rating: 0 0
      Commented on:
      U.S. Debt Is Staggering, But Not Unprecedented
      Random thoughts:

      1. i wonder what Europeans and ECB actually think of our lack of concern for our dollar? Mike we end up with duel currencies; relying on ECB for stability of at least one currency?

      2. If treasury declines due to plain old profit taking, coming off a high - is every in the treasury bubble yet? - what if our dollar drops out of site? Do we have a cache of Euros to buy oil with, since only yen or Euros might be accepted?
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    • Wed Nov 26th 23:34 PM
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      Rating: +1 0
      Commented on:
      Living on Debt Gives Way to Fiscal Prudence
      The obvious fallacy is that all aspects of society and economy have to work off debt, except for the federal gov. All bubbles have to deflate in an extreme deleveraging environment. So the politicians as usual are playing the only card they have - debt; they call it a 'stimulus package'. Hopefully the treasury market and dollar don't tank; if only the gov would avoid the temptation of low yield borrowing, and resultant increased supply of treasuries - and eventual effect on price and the dollar.
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    • Wed Nov 26th 23:25 PM
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      Rating: 0 0
      Commented on:
      The Euro Bubble Is Gone. It Will Not Reflate.



      On Nov 26 04:17 PM zanardm wrote:

      > If the Euro dollar can have a bubble, then why not the U.S. dollar
      > and treasuries, after VIX subsides? Are treasuries closer to a top
      > or bottom? When everyone has bought in, and is safe in the treasury
      > bubble, who's left to creat demand? One might not have a warning
      > of a slow evolving yield curve, but rather in, our extreme volatile
      > deleveraging environment, perhaps a stampeed of sellers for some
      > retrospective reason; markets don't need an excuse to deflate; they're
      > just top heavy; everyone is in. So plain old profit taking can snowball.
      View article »
    • Wed Nov 26th 16:31 PM
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      Rating: 0 0
      Commented on:
      Enjoy the Strong U.S. Dollar While You Can



      On Nov 26 01:35 PM sbenard wrote:

      > The Fed has become the world largest and most leveraged hedge fund.
      > The Fed's balance sheet as of todays stand at about $3.25 trillion.
      > The leverage is almost infinite.
      >
      > The Mother of all Bubbles is building. It is U.S. government debt.
      > When it pops, it will be mayhem in the markets!

      amen.
      View article »
    • Wed Nov 26th 16:17 PM
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      Rating: 0 0
      Commented on:
      The Euro Bubble Is Gone. It Will Not Reflate.
      If the Euro dollar can have a bubble, then why not the U.S. dollar and treasuries, after VIX subsides? Are treasuries closer to a top or bottom? When everyone has bought in, and is safe in the treasury bubble, who's left to creat demand? One might not have a warning of a slow evolving yield curve, but rather in, our extreme volatile deleveraging environment, perhaps a stampeed of sellers for some retrospective reason; markets don't need an excuse to deflate; they're just top heavy; everyone is in.
      View article »
    • Tue Nov 25th 00:49 AM
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      Rating: +1 0
      Commented on:
      The Great Experiment
      Debt (building for 25 yrs) is the cause of the present problem. More debt is not the solution. Markets are deleveraging; but not the government. What is the logical extrapolation? You mean, governments (politicians) don't have to deleverage? Repeating 'Bubbles Law': in an extreme deleveraging environment, ALL bubbles have to deflate.
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    • Tue Nov 25th 00:22 AM
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      Rating: 0 0
      Commented on:
      10 Reasons Christina Romer Is a Good Choice to Head the CEA
      Again there is the assumption that if you just appoint well qualified people, and do all the 'right just so' moves, every thing well resolve sooner. Anything that was done in the 30's, in my view, probably did not shorten it's duration. And if there was no WWII, perhaps it would have been longer. So for this severe downturn (gas prices at embargo level of '73!, as indicator), it will take a long time. Economic cycles are longer than political cycles. Piling on debt since 80's, and the government continuing to max out on piling on debt, is wrong. We will pay dearly for this, by assuring a lengthening of this extreme deleveraging environment. One generation (25 yrs) is my call to deleverage completely. Why? Because the politicians will ignore astronomical debt. Good luck to all of us. Only 'Adam Smith's' creditors (via capital market) can stop the DEBT JUGARNAUT, by there economic votes.
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