Thursday, 02 October 2014

Debt

Bernanke Hangs Loose

Posted by Gonzalo Schwarz
December 26, 2012

by Frank Shostak On Wednesday December 12, 2012 Fed policy makers announced that they will boost their main stimulus tool by adding $45 billion of monthly Treasury purchases to an existing program to buy $40 billion of mortgage debt a month. This decision is likely to boost the Fed’s balance sheet from the present $2.86 trillion […]

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Power to China in the I.M.F. – Does this mean Gold to be Mobilized?

Posted by Gonzalo Schwarz
June 22, 2012

by Julian D. W. Phillips  Contributions to the I.M.F. Come with Conditions  While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F. China is contributing $43 billion, so as it races to become the world’s leading economic and financial nation it wants a bigger part of the decision making process, commensurate with its rising power. So the first question to be asked is, “Will it get it?” The emerging countries –China, Brazil, Mexico, India and Russia— announced contributions to the IMF’s global firewall, nearly doubling the fund’s resources to $456 billion, at the G-20 summit in Mexico this last weekend as global efforts to restore confidence in the […]

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Lies, Damn Lies, and Government Statistics

Posted by Gonzalo Schwarz
June 11, 2012

Just counting something as a part of “GDP” doesn’t actually make it a “product.” by Peter Schiff Last week in an interview on CBS Network News, Economist Mark Zandi, the chief economist for Moody’s, unwittingly revealed a central error of the global economic establishment. Zandi has made a career out of finding the middle ground between republican and […]

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The CBO Will Need A Bigger Chart To Forecast Exponentially-Rising US Debt

Posted by Gonzalo Schwarz
June 6, 2012

 “They’re gonna need a bigger chart!” Submitted by Tyler Durden Courtesy of previous Zero Hedge disclosures, namely that the CBO has been in the past bothperpetually and grossly overoptimstic (their 2001 forecast of 2011 public debt was negative $2.4 trillion; instead the real number was positive $10.4 trillion, a delta of only $12.8 trillion) as well as explicitly biased by political and financial […]

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