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Posts Tagged ‘debt monetization’

Rogoff: America’s Endless Budget Battle

Posted by Larry Doyle on October 1st, 2013 8:59 AM |

With the shutdown of our government overnight, the proverbial lights in Washington have significantly dimmed and the finger pointing begins in a fashion that seems all too similar to a junior high school lunchroom.

Yet while Uncle Sam is not open for business today, our nation faces another enormous issue right around the corner as well, that is, the debt ceiling.

Some may think the costs of shutting down our government and playing chicken with the debt ceiling are not significant given that our overall level of interest rates remain low. But why is that? Because the Fed is purchasing upwards of 90% of net new debt issuance(more…)

‘Beggar Thy Neighbor’ Leads to Currency Wars

Posted by Larry Doyle on February 14th, 2013 6:56 AM |

The United States still has an official policy of pursuing a strong dollar, right?

Yes, right, and if you were to believe that, might I interest you in a bridge in Brooklyn?

The simple fact is that five years into our economic crisis, the major economic centers of the world, those being the USA, the EU, and now Japan are all employing the same central bank policy to support their economies. This policy of quantitative easing is an attempt to accomplish a combination of the following, with different emphasis depending on the region:  (more…)

Making Sense of The Skyrocketing Cost of Gasoline

Posted by Larry Doyle on September 17th, 2012 7:33 AM |

I guess I could write this morning about the NYSE being fined by the SEC for facilitating front running. I could also offer more commentary on global banking institutions that now seem to realize a little thing called “reputation” actually matters. Perhaps I could offer insight on how the Fed’s recently announced “QE-infinity” is directed as a further bailout of the banks and the red-headed stepchildren commonly called Fannie and Freddie.

But let’s put those topics off for another time. Today, let’s address why your wallet is significantly lighter every time you go fill your vehicle’s tank.  (more…)






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