Two months ago I was hoping I was seeing some “Green Shoots in Smaller Bank Lending,” (http://seekingalpha.com/article/220685-green-shoots-in-smaller-bank-lending). Last month I found very little encouragement in the...
Read MoreWith each international meeting it is becoming more and more obvious, the United States is dealing from a weakened hand. The New York Times makes it very clear: “Despite loud calls from the United States; and more muted...
Read MoreWith the IMF annual meeting taking place this weekend in Washington, D. C., it is hard to pick on any other topic than what is happening in economics and finance in the world. The underlying story: the United States has not been...
Read MoreWhat appears as the lead in the Huffington Post this morning? “What a Waste: Companies Using Piles of Cash to Buy Back Stock, Not Generate Jobs!” This headline points to an article in the Washington Post:...
Read MoreThere are growing signs that the United States is losing its financial clout. One of these signs is the growing talk about adding other currencies to the list of currencies used as international reserves. The Premier of China...
Read MoreThe dark clouds seem to be spreading over government financing throughout the western world. These clouds have been observed in Europe during the debt crisis that occurred there earlier this year. Now the clouds are becoming...
Read MoreThere is a great deal of discussion these days about all the cash that corporations are holding. This issue made the lead article in the Wall Street Journal on Monday, October 4. This issue is also connected with the move by...
Read MoreDuring the Federal Reserve’s Exit Watch, the excess reserves in the banking system rose by $400 billion or so. Thus, as the Federal Reserve attempted to exit it put more reserves into the banking system.Remember that in...
Read MoreJohn Maynard Keynes, after 1917, wanted to achieve full employment for England, but also for other major countries in Europe and the western world. The reason for this goal was that he was afraid of the Bolshevik menace...
Read MoreMartin Wolf, in his latest column writes (http://www.ft.com/cms/s/0/9fa5bd4a-cb2e-11df-95c0-00144feab49a.html):“In the absence of currency adjustments, we are seeing a form of monetary warfare: in effect, the US is seeking...
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