“A very Large number, Economist”
Originally aired on ABC TV’s 7.30: 20/10/2011
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Injury-free going into the weekend
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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October 26th, 2011 at 10:48 am
His explanation of QE is pitiful.
Question1: If the Fed increased bank reserves by trillions of dollars and buried them beneath the Fed, how much would that increase the money supply?
Question2: Can banks force borrowers to borrow yet, or is that a coming feature?
Question3: How much credit expansion is possible under current leverage levels among those that would borrow to spend (assuming underwriting standards weren’t completely thrown out the window)?
Question4: Why do you think QE, QE2 didn’t work?
October 27th, 2011 at 8:35 am
Australian satire, these guys are tops.