tag:blogger.com,1999:blog-5713178645208582139.post3341709852637475684..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Metric You Should Be Watching But Aren'tDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5713178645208582139.post-24074824695043688862011-03-28T02:10:45.843-05:002011-03-28T02:10:45.843-05:00Financial firms would not appear to be a reliable ...Financial firms would not appear to be a reliable source of liquidity, so why should non-financial firms hold fewer liquid assets? Unless you are TBTF, like GE maybe, it's a risky game to play.jb007http://www.neediff.comnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-7656367142343760682011-03-20T13:29:57.947-05:002011-03-20T13:29:57.947-05:00nanute, I agree. Reading that 15 fallacies is quit...nanute, I agree. Reading that 15 fallacies is quite extraordinary. How Vickrey was able to see so much so early is remarkable.ecbnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-67848753133607835252011-03-20T10:04:35.518-05:002011-03-20T10:04:35.518-05:00ecb,
Fallacy #7. http://www.columbia.edu/dlc/wp/ec...ecb,<br />Fallacy #7. http://www.columbia.edu/dlc/wp/econ/vickrey.html<br />I've been posting a lot of what Vickery had to say back in 96'. The guy was prescient. Too bad he's not with us any longer.nanutenoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-79543183278511445392011-03-19T14:29:44.594-05:002011-03-19T14:29:44.594-05:00Very good, indeed. I use this useful indicator in ...Very good, indeed. I use this useful indicator in Sapain to measure the demand of money, and it fit very well.www.MiguelNavascues.comhttps://www.blogger.com/profile/00880006105532291958noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-52785196381801337402011-03-19T09:57:17.349-05:002011-03-19T09:57:17.349-05:00Why does velocity seem to decline, post 1995? Velo...Why does velocity seem to decline, post 1995? Velocity is measured as GDP/M3. But money is not just used to by new goods, which are covered by GDP, but also to buy existing goods, like stocks and existing houses.<br /><br />Imagine a situation were demand for existing goods increases and their price - the price of stocks, in this case - goes up. (M3+sales of existing goods)/M3 might stay equal Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-49335806087414954092011-03-18T22:14:15.825-05:002011-03-18T22:14:15.825-05:00David -
How can you just blithely throw away the ...David -<br /><br />How can you just blithely throw away the 20 1995-9 data points that don't fit your pre-concieved idea?<br /><br />With R^2 at the border of weak correlation as it is, I don't think you're making much of a case.<br /><br />Except for the 17 points in the tail, you have a cluster around 0,0. Yes, your best fit line looks good there and has a slant, but you're Jazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-16818274368227532602011-03-18T18:00:57.919-05:002011-03-18T18:00:57.919-05:00Housing prices are still falling. CalculatedRisk j...Housing prices are still falling. CalculatedRisk just headlined a piece on 18% of Florida homes being vacant. Banks have returned to paying dividends and buying back stock--but have not returned to mark-to-market accounting. <br /><br />Financial firms would not appear to be a reliable source of liquidity, so why should non-financial firms hold fewer liquid assets? Unless you are TBTF, like GE tinboxhttps://www.blogger.com/profile/12497368524093391053noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-4726457335124108992011-03-18T17:38:18.479-05:002011-03-18T17:38:18.479-05:00It seems to me then we should put money, however c...It seems to me then we should put money, however crudely done, into the hands of people who will spend it. <br /><br />Perhaps a national lottery that pays out double what it takes in? But you have to buy ticket of no more than $50, and the max payout per ticket is $200?<br /><br />Seriously, I would dump currency at night on street corners in modest neighborhoods. <br /><br />Is it possible we Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-91708954441844557092011-03-18T16:17:16.350-05:002011-03-18T16:17:16.350-05:00DB, I still think you are looking at the shadows o...DB, I still think you are looking at the shadows on the wall, not looking at the "real" factors.<br /><br />Recently I came across this quote from Nobel economist, William Vickrey from the 1990s which I hope you dont mind me posting here (its a bit long, but I think of great help in understanding what has gone wrong):<br />Current reality: The time is long gone, however, when even the ecbnoreply@blogger.com