tag:blogger.com,1999:blog-5713178645208582139.post3232770713586201456..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Decline of the 10-Year Treasury: Implications for Fed PolicyDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5713178645208582139.post-25228297181929188232020-03-19T05:55:06.047-05:002020-03-19T05:55:06.047-05:00HOW I GOT MY LOAN FROM THIS GREAT COMPANY
Hello m...HOW I GOT MY LOAN FROM THIS GREAT COMPANY<br /><br />Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined lindahttps://www.blogger.com/profile/05545764003423766834noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-82329290760112427642020-03-17T00:39:11.529-05:002020-03-17T00:39:11.529-05:00Rates on bonds are going down. Rates are a way of ...Rates on bonds are going down. Rates are a way of expressing prices. Declining rates means prices are increasing. Simple supply and demand ought to be the first place to look for an explanation. Liquidity is chasing a fairly fixed supply of long bonds. If we want to meliorate the problem, we want Treasury to create and sell more bonds. Lots of them. This is one place where the solution to one Fat Manhttps://www.blogger.com/profile/09554029467445000453noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-19205649831077919292020-03-10T10:01:56.031-05:002020-03-10T10:01:56.031-05:00Great post! I hope our betters are listening... Great post! I hope our betters are listening... Mark Moonnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-73647632518410771722020-03-09T11:19:52.923-05:002020-03-09T11:19:52.923-05:0090tillinfinity,
Many have suggested the same thi...90tillinfinity, <br /><br />Many have suggested the same thing, but the constraint is legal. The Fed is prohibited from buying corporate bonds and equities. Boston Fed President, Eric Rosengreen, for example, recently echoed your point by arguing the Fed should be able to buy more assets. <br /><br />George Selgin has an interesting proposal for how to do it. He would implement 'flexible openDavid Beckworthnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-76817301850064187682020-03-09T10:06:59.561-05:002020-03-09T10:06:59.561-05:00David, always learning a lot from your post! I jus...David, always learning a lot from your post! I just have one single question that has been lingering in my mind lately. If today's market move is so influenced by corona virus and massive decline of oil price leading to the credit risk of companies, why can't just Fed include corporate bonds in the basket of their asset purchase program? Are there any technical difficulties in doing so or90tillinfinityhttps://www.blogger.com/profile/12601947118690858259noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-84372058694923969022020-03-08T08:53:06.240-05:002020-03-08T08:53:06.240-05:00Ken, it is an interesting idea but it adds an extr...Ken, it is an interesting idea but it adds an extra layer of decision making and bureaucracy that may make it less timely and less accessible to some people. I worry it would turn out like the HAMP program for housing during the Great Recession.<br /><br />Regarding concerns about excess liquidity, my proposed standing fiscal facility that the Fed could use at ZLB or below can be used both for David Beckworthnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-9416792088347684182020-03-06T18:33:43.591-06:002020-03-06T18:33:43.591-06:00Great post, David.
What do you think of John Co...Great post, David. <br /><br />What do you think of John Cochrane's "Stimu-lend" idea (https://johnhcochrane.blogspot.com/2020/03/stimulus-or-stimu-lend.html). I sort of like the idea of lending money to taxpayers who want it, setting the interest rate to target NGDP, using the existing tax system to collect repayment. The rate could be zero or negative if required to hit the Kenneth Dudahttps://www.blogger.com/profile/10593455504357461005noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-60318932341044052182020-03-05T18:12:56.384-06:002020-03-05T18:12:56.384-06:00Excellent blogging!
A+
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My only add-on is that t...Excellent blogging!<br />A+<br />♥<br /><br />My only add-on is that the helicopter drops should happen through a holiday on Social Security payroll taxes. The Fed can print money and stuff it into the Social Security trust fund to make up for lost receipts.<br /><br />Best implementation of the helicopter drops would be very easy and would only go to those people who are productive.<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com