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wkl

wkl
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  • The Fed Must Tolerate Higher Asset Prices To Achieve Higher Wages [View article]
    What measure do you use to calculate this credit money supply? The purpose of my comment was to state that M3 is the broadest measure to calculate total money, currency and credit. Therefore, as a difference of opinion to another reply, it is Not useless. If I understand correctly, M1, the FED'S preference today does NOT count personal savings nor the vast reserves of the banks and other large institutions. These same vast reserves that the current regulators have imposed on large banks and institutions. M3 would count this and totally destroy their idiotic and micro-managed models, and the true inflation rate would once and for all be exposed.
    Feb 15, 2015. 12:06 PM | Likes Like |Link to Comment
  • The Fed Must Tolerate Higher Asset Prices To Achieve Higher Wages [View article]
    Lance,
    These are interesting comments. Correct me if I am wrong, but doesn't the M3 money supply count what you refer to as credit money? I also think that the Fed stopped publishing the M3 supply, although they still calculate it.
    Feb 14, 2015. 12:03 PM | Likes Like |Link to Comment
  • One Negative Quarter Does Not Make A Recession [View article]
    No, but two do.
    Damn that terrible spring weather!
    May 30, 2014. 08:41 PM | Likes Like |Link to Comment
  • HFT, QE... Does Anyone Know What's Going On? [View article]
    The Last Boomer,
    How right you are. The true value of any asset is only worth the price that someone is willing to pay, and another is willing to sell if for.
    Apr 6, 2014. 06:03 PM | Likes Like |Link to Comment
  • Is A House Really A Good 'Investment'? [View article]
    Cullen,
    Excellent article, and one that mirrors my viewpoint on owning your own home, which I do. As an asset, the return will never be good compared to other investments. Owning one's home should only be viewed as a lifestyle.
    Jul 20, 2013. 04:44 PM | 1 Like Like |Link to Comment
  • President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," declares Wilbur Ross. There's no trade-off there, it's just the president saying give me what I want, and I'll agree to talk about the rest later. What's being obscured by Washington is that the fiscal cliff issue isn't about taxes and revenue, but that our country is spending way too much. “You can't solve the bulk of the problem with revenues," Ross says. "It’s not going to happen.” [View news story]
    kmi,
    "At the end of the day the Repubs lost". No they did not. The balance of power is the same today as before the election. Nothing has changed.
    President - Dem
    Senate - Dem controlled
    House - Rep controlled.
    Nov 16, 2012. 08:39 AM | 1 Like Like |Link to Comment
  • President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," declares Wilbur Ross. There's no trade-off there, it's just the president saying give me what I want, and I'll agree to talk about the rest later. What's being obscured by Washington is that the fiscal cliff issue isn't about taxes and revenue, but that our country is spending way too much. “You can't solve the bulk of the problem with revenues," Ross says. "It’s not going to happen.” [View news story]
    You should be very happy. Because if doing nothing and going over the cliff is to happen, it will be just what you are calling for above.
    Nov 15, 2012. 10:44 PM | Likes Like |Link to Comment
  • President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," declares Wilbur Ross. There's no trade-off there, it's just the president saying give me what I want, and I'll agree to talk about the rest later. What's being obscured by Washington is that the fiscal cliff issue isn't about taxes and revenue, but that our country is spending way too much. “You can't solve the bulk of the problem with revenues," Ross says. "It’s not going to happen.” [View news story]
    ironchefw, good idea but more idiots voted against that this election than voted for it.
    Nov 15, 2012. 10:18 PM | 10 Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    Cullen,
    Thank you for the exchange. Your description of the differences in the two theories is now well understood. You have increased my interest in your MR views and I would like to learn more. Do you have other writings on the subject to view, along with the link you provided.
    Nov 11, 2012. 07:33 PM | Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    Cullen,
    Forgive me if I am wrong. But are you not from the school of MMT thought? And is it not true that in reality, MR is your school of thought to explain MMT Cullens way?
    Nov 11, 2012. 03:23 PM | Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    jferreiro,
    One must always take these MMT theorists with a grain of salt. Of course gold is an investment. It is a hedge against all paper currencies. Otherwise, why would all central banks around the world hold so much of it in their portfolios? Maybe Cullen would like to espouse his theories on this.
    Nov 11, 2012. 12:11 PM | Likes Like |Link to Comment
  • Bearishness among heavy-hitter money managers surveyed by Barron's rises to 27%, nearly double the amount from April's poll. As for individual sectors, there's no love for the utilities, with just 1% of respondents picking it as the best-performing industry over the next 12 months, and 20% choosing it as the worst. We've given away the answer, but guess which is today's cover. Feel better, bulls? [View news story]
    Same publisher.
    Oct 27, 2012. 10:33 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: +46K to 388K vs. 365K consensus, 342K prior (revised). Continuing claims -29K to 3.25M[View news story]
    No, wait, let me guess. The first jobs report after the election will show the unemployment rate back above 8%.
    Oct 18, 2012. 08:39 AM | 6 Likes Like |Link to Comment
  • Former Clinton economic adviser Laura D’Andrea Tyson describes how the "vicious circle" of income inequality leads to educational inequality, which then perpetuates the wealth gaps in the U.S. Tyson also notes how poverty is much higher in single-parent families than in those with married parents. But while she wants to increase taxes for the rich and pour money into education, she stops short of advocating policies to strengthen marriage. [View news story]
    Sounds great Nunay.
    Who would have ever thought a child needs nurturing parents. Since your wife feels we have come to the point that better education going forward for our children is better parenting, I have an idea for your wife. Have her go to her teacher's Union Boss and suggest all future increases in money intended for schools, instead be funneled toward a new federal program where the money is given to the parents where it must be spent on better parenting skills. We get your wife's frustrations. What we don't get is the constant fight put up by the Unions to choke the competion to public education, i.e. charter and private schools and a parents right to have their dollars go to educate their children in the best way they see fit.
    Sep 23, 2012. 12:36 PM | 3 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    You are absolutely right. But if the study did so, the author failed to mention if the increase was indexed to inflation. Why? Does it serve his argument to show a wide discrepancy? Not only has the 549% increase in wages OUTPACED the inflation rate over the past 25 years, but wages have OUTPACED productivity also over that time period. The 549% increase in wages represents an average annual increase of 7%.
    Sep 3, 2012. 02:50 PM | 1 Like Like |Link to Comment
COMMENTS STATS
291 Comments
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