Recent content by gallivanter

What was the situation with China's reserve in February? I don't think the author of the original article knows that much about economics.

And to answer the first question, absolutely worse. People still wouldn't become more informed, which would only allow many unqualified or otherwise 'bad' candidates to get elected. I also sure as hell don't wan't to see a multi-party system in America that would bog us down endlessly...

Yes, because regardless of party affiliation elected officials continue to vote and act their conscience and maintain all of their beliefs once they make it to Washington. The reality is that party identification is as good of a heuristic as any other in the decision of voters. Should voters...

He may have been oversimplifying, but I think you may be overstating the successes. Obama wanted discretionary stimulus plans, but did not get it. The monies "promised" to the IMF are just that, promises. We will have to wait and see if it materializes. And the SDRs themselves aren't...

Agreed that we should look at all options, but there is a potential cost to direct negotiations. Iran, much like North Korea, could very well use direct two party talks to simply press for a couple of demands, never interested in any concessions. One demand would likely be outrageous, the...

Sure about that, that the Iranian people like us? Polls don't indicate any type of broad support. And I didn't realize that Mahmoud ran the nation. When did this change happen?

Yep. It is an impossible thing that any reading or posting on this forum have studied, maybe even possessing degrees in, finance or economics. As for the question, the European approach only works in a vacuum. It appears that Professor Ferguson was correct when he commented on...

If the litigants were to succeed, assuming the receivers do litigate, I would envision it being on equal protection grounds.

All things considered, I still don't think it is that much. (Now the trade weighted average is a bit different, as earlier referenced). The USD had risen a bit about an hour ago, but is falling again. We will see if it stays above $1.3635 today.

I wouldn't say it lost a ton, at around 2% losses, but it rightly has moved as expected. It has also understandably weakened more against the NZ dollar and Norwegian krone. It probably still has some ways to go down. However, look at what happened to the Pound after the UK introduced QE...

No. It won't lead to inflation in the US, only potentially in the nations that are "printing" that money. The value of nearly all currencies are based on exchange rates. If a nation artificially printed an inordinate amount of money to buy our debt their currency would be worse far far less...

Also check out The Fed's Stat page. It is current, and particularly good for analyzing flows and supply.

The worry about QE is that nobody really knows what or when. And will the Fed be able to reverse course when necessary. It won't be strictly a monetary decision, but also a political one. Couple that with the seeming proclivity of the current powers that be to favor protectionist policies...

I am not so certain that it has been foreigners buying the past six months. It does worry me a little bit. By the way, I agree fully with you about the risk, (or lack thereof), of hyperinflation, and with the absolute necessity for Japan and China to continue to seek safe harbor in the US.

It is very true, and worth repeating, that this was but one race in a heavy GOP district. It should also be pointed out that immigration played a major role in this race, a race in an area deeply affected by immigration. Ms. Busby was perceived by many to be on the wrong side of that issue...