Jeffrey Sachs in yesterday’s FT A-List argues that “spending has been sizeable…the structural fiscal expansion was more than 4 per cent of GDP on a sustained basis during 2009-11… Fiscal stimulus, in short, has been tried, but did not succeed in spurring a robust recovery.” But reading further into why this fiscal effort failed, he […]
XGD is in the system — but no data, and “Access to this security is restricted by its supplier”.
Whenever you see “money going into/out of XYZ”, your bullshit detector should go off — it usually indicates a lack of understanding of markets. Day-to-day, bonds and stocks and currencies TRADE. That is why many are on exchanges — the word is not an accident, as securities CHANGE owners. Now, foreigners can buy (be going […]
In an opinion piece in yesterday’s FT, Tim Harford shows what his simple UK budget ideas of “short-term stimulus; long-term fiscal consolidation; and reform aiming at a sane system of taxation,” means in practice. Hear Hear! But sadly, we remain a million miles away from such sensible ideas. Too much bureaucracy, lobbying, vested interest. For […]
Question: What are the rules for determining the release date of the NFP and other monthly statistics? Usually it is the first Friday of the month, which sometimes it can be on the 1st or 2nd of the month (e.g. 2-Dec-11, 1-Apr-2011), but other times it is delayed a week to the 2nd Friday (8-Jul-11, […]
And growing fast. The Doomsday Machine is loaded and fully protecting the TBTF banks in the safe Nash Equilibrium of MAD and we’re finally back above pre-Lehman levels with a great year for dealers, 21.4% y/y growth! Someone’s getting some nice bonuses for Xmas. Source: http://www.bis.org/statistics/otcder/dt1920a.pdf (Updated last month, through June-2011). The current release doesn’t […]