John Williams who is the president and chief executive officer of the Federal Reserve Bank of San Francisco published a letter yesterday explaining unconventional monetary policies. First I want to appreciate the clarity and simplicity with which John Williams is able to communicate complex ideas. His voice is honest, transparent and credible. What did he […]
And from Naked Capitalism: Debt Ceiling Chicken and Trench Warfare – Yves Smith – In the US, despite all the media frenzy over the Federal shutdown, the attention of the insiders has already moved to the real cliffhanger: the debt ceiling impasse, which starts to bind on October 17. Treasury is already fulminating how putting […]
Lifted from Robert’s Thoughts Obviously the main chance is that Boehner is bluffing and that he will bring a clean debt ceiling increase bill to the floor of the House and it will pass mostly with the votes of Democrats. He would then probably lose the gavel to some new Speaker which will make us […]
From Policymic on the incremental re-instating government services: http://www.policymic.com Why You Shouldn’t Expect a Compromise On the Government Shutdown Anytime SoonDon’t get your hopes up about a compromise on the government shutdown anytime soon. The Pentagon has decided to bring 350,000 employees back to work and the House has votedunanimously (no, I’m not kidding) […]
From the Los Angelos Times comes this article on Social Security Disability and reporting: Is it possible for a major news organization to produce a story about the Social Security disability program without interviewing a single disabled person or disability advocate? That’s the experiment “60 Minutes” conducted Sunday. The result was predictably ghastly. The news […]
From the many submissions of posts offered as publishable material, this one makes the guest post list. Dan by Dave Landry Jr. (Davis is a debt relief counselor and personal finance manager, working with National Debt Relief to alleviate the stresses of debt through consolidation and advisement.) 5 Reasons Why Student Loan Debts Are […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Really Narrow Networks “Narrow networks” are in the news as the ACA exchanges begin to do business (or not?). From the Columbus Dispatch: http://www.dispatch.com/content/stories/local/2013/10/07/low-cost-premiums-thin-out-providers.html There may be other problems besides low payment rates. According to the Medical Group Management Association (MGMA) contracting is slow, uncertainty is high, and […]
Earlier in 2013, CBO’s Douglas Elmendorf’s forecasted return on Student Loan’s resulting in a positive return for the Government. Later Elmendorf reversed the forecast claiming student loans would cost the government and the taxpayers by generating a negative return. Using one cost model (FCRA) to estimate the return, the government will make $184 billion on […]
The IS-LM model is built upon two markets, the goods market (IS) and the money market (LM). The alternative view in this post will incorporate the effective demand limit into the IS-LM model. Money Market First The money market is described by a plot of the interest rate (y-axis) and the quantity of money (x-axis). The […]