tag:blogger.com,1999:blog-5713178645208582139.post9207427731407707121..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Fed Can Raise Nominal Incomes Too!David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5713178645208582139.post-2296306741810415412011-08-04T13:36:46.899-05:002011-08-04T13:36:46.899-05:00Yes, Marcos Nunes and Beckworth and Sumner are rig...Yes, Marcos Nunes and Beckworth and Sumner are right--but grab allies where ever you can find them.<br /><br />Rather than parsing hairs, you guys need to get together under a banner or platform, perhaps waving a bit of George Gilder about. <br /><br />The point is, monetary stimulus is good, and can be used even as federal deficits are restrained. In the USA and Europe.<br /><br />More Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-33910809847103494672011-08-04T11:52:25.860-05:002011-08-04T11:52:25.860-05:00David,
The issue weighing on TIPS spreads is the ...David,<br /><br />The issue weighing on TIPS spreads is the prospect of a deflationary European banking crisis. Dollars are exiting Italian and periphery banks. This is apparently causing a wave of repatriated dollars coming into U.S. banks. The following headline casts some doubt as to whether a lower IOR would be an effective policy tool at this point:<br /><br />WSJ UPDATE: BNY Mellon David Pearsonnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-6362630720994015462011-08-04T10:50:56.477-05:002011-08-04T10:50:56.477-05:00Marcus, thanks for the link. I provided an update ...Marcus, thanks for the link. I provided an update that links to it.<br /><br />JDTapp, the TIPs breakeven inflation numbers are troubling. Let's hope the Fed is watching.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-57673928894662332372011-08-04T10:40:55.401-05:002011-08-04T10:40:55.401-05:00Inflation expectations plummet. Fed failure:
http:...Inflation expectations plummet. Fed failure:<br />http://t.co/eAfBO3lJustin D. Tapphttps://www.blogger.com/profile/12618278252714742391noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-25013098200298037322011-08-04T09:35:43.159-05:002011-08-04T09:35:43.159-05:00I said the same thing on August 2
"Why talk a...I said the same thing on August 2<br />"Why talk about inflation, the dreaded word in the post “Great Moderation” world? Why not say “the Fed should strive to increase nominal spending by 7% or 8% per year until it brings nominal spending to a stated level and let the “chips” (the breakdown of spending between inflation and real growth) fall where they may"?<br />http://João Marcushttps://www.blogger.com/profile/13658264244033012660noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-88845208811301880572011-08-04T09:32:24.399-05:002011-08-04T09:32:24.399-05:00I think the balance sheet view is repeated because...I think the balance sheet view is repeated because bankers repeat it. A lot of articles in the papers on community banks here include quotes like "we've cut back on making loans because people have stopped applying for loans." People are either not working, or afraid of losing their income, and are already too in debt to take on more. Businesses aren't expanding because they Justin D. Tapphttps://www.blogger.com/profile/12618278252714742391noreply@blogger.com