By David Papell Today, we’re fortunate to have David Papell, Professor of Economics at the University of Houston, as a Guest Contributor. The Fed recently announced that it would maintain short-term interest rates near zero for an extended period” and complete its purchases of $600 billion of longer-term Treasury securities, known as Quantitative Easing II [...]
Posts Tagged ‘Rule’
New Rule: Banks Exempt from New Mortgage Rules
March 29th, 2011 
admin Long awaited FDIC “skin-in-the-game” mortgage rules are out. Amusingly, banks are largely exempt from the new rules. On one hand it’s hard to make this stuff up, on the other hand it seems laughably easy to believe. My ears say the proposal sounds like it came straight from “The Onion”. Please consider FDIC’s plan for [...]
Goldman’s Blood-Sucking Leeches Model, Money Multipliers, Macroeconomic Dark Ages, the Taylor Rule, and Nonsense from Trichet
March 4th, 2011 admin Caroline Baum has an excellent column on Bloomberg today regarding money multipliers and a Goldman Sachs projection of what Republican budget cuts may do to the economy. There were so many things in her post I wanted to reference that I asked Caroline if I could use her entire post. She graciously replied “Let ‘er [...]
Posted in World 
Tags: Ages, BloodSucking, Dark, from, Goldmans, Leeches, Macroeconomic, Model, Money, Multipliers, Nonsense, Rule, Taylor, Trichet 
No Comments »Timothy Geithner Meets Vladimir Lenin Stage II; Accounting Rule Changes at the Fed will Mask Losses
January 23rd, 2011 admin Many people have taken notice of changes slipped into the Fed’s balance sheet reporting rules that will allegedly shield the Fed from devastating losses. Please consider Accounting Tweak Could Save Fed From Losses. Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a [...]
Why You Should Follow Google’s 20% Rule
November 8th, 2010 admin Google is consistently mentioned as one of the greatest companies to work for, and it’s not hard to see why. They have sweet perks, super-smart people creating products that millions of people use, and a unique mentality about work. It’s that very mentality that drives their policy of 20% time. Google encourages their employees to [...]
