Relevant and even prescient commentary on news, politics and the economy.

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Hey How about Saving the Banks with Printed Money ?

…been printed is, for serious purposes, total liabilities of the Federal Reserve, which are equal to total assets of the Federal Reserve. As of February 26 these were 1,952,216 million…

Still KISSING income inequality

…The first one presented the model. 100 people, $1000 of total income. 1976: 8.7% of the dough to the One, all the rest of the jack to the Many. 2005:…

How did Lehman manage that ?

…the total fair market value of CDS written as liabilities, but this is not what matters to bond holders. To them liabilities matter only to the extent that they cause…

Soc Sec XX: Reframing the Trust Fund

…to or from the bottom line in any given year, the second shows the resulting cumulative total, the third shows that total in terms of Trust Fund Ratio. If we…

Reader FS and the farm bill

Lifted from comments cactus style, Reader FS fills in some of the info on the farm bill: Here are CBO figures on the new farm bill. Total expenditures, 2008 through…

…the largest shares of totalgovernment spending, together accounting for 51.4 percent of total spending. This resultis largely driven by spending on government transfer payments to elderly households—many of whom reside…

After the Housing Boom: Impact on the Economy

…In the previous housing boom, mortgage borrowing only increased slightly. The above graph is of the annual increase in the total household mortgage debt. Total mortgage debt increased $900 Billion…