rdan The St. Louis Fed includes the review on monetary policy. Figure 1 shows ‘currency in circulation’ to be basically flat at this time, which indicates much of the new money is in excess reserves and has not entered the broader money supply. This also begins to address in a clear way the concerns and […]
rdan Movie Guy, in comments, provides a beginning glimpse at trends in the realms of retirement funding: Retirement funds in danger for millions of Americans By Mike Bryan 6 March 2009 WSWS EXCERPT: Between October 9, 2007, and October 9, 2008, equity assets in retirement plans dropped by about $4 trillion in value, according to […]
Robert Waldmann Two quotes about liquidity. An anonymous TPM reader it is in everyone’s interest that markets be as liquid as possible. One of the factors increasing the risk of downward-spiraling markets is illiquidity – i.e., the possibility that assets may be difficult or impossible to sell when necessary either because there is no ready […]
Robert Waldmann The word “liquidity” is slippery, since there is not a single solid agreed definition. “Liquidity” refers to different things each of which is very important. I have long been fighting the suspicion that confusion of the various meanings influences the policy debate. I have lost the fight and now express the suspicion. Briefly, […]
For those wanting a slightly shorter version of the post below, here’s 11:15 of video dealing with how the Bad Banks got that way:
rdan A well done 59 minute description of the basics of part of the current financial crisis and actually no one yelling. Nice. Podcast of Bad Banks. Transcript of This American Life.
By divorced one like Bush I’m reading Kevin Phillips “Bad Money”. I want to understand where this idea that money is made from money comes from. On page 61 he writes: In 1996 a much discussed article in Foreign Policy titled “Securities: The New World Wealth Machine” had set out the ultimate paper entrepreneurial opportunity: […]
rdan Smackdown at Instaputz with Ken Houghton.
President Obama offered a proposal to restructure the student loan industry. Higher Ed. Watch reports: President Obama sent shockwaves through the student loan industry last week when he called on Congress to dismantle the Federal Family Education Loan (FFEL) program next year and use the savings to turn the Pell Grant program into a true […]
rdan After writing a series on Traumatic Brain Injury and Post Trauma Syndrome Disorder for active duty troops and National Guard, I am sad to post this item, in that it appears that the popular perception of the most common injuries among troops is still misunderstood. I also find that if I say TBI as […]