Daily Archives: August 15, 2016

Helicopter money and other absurd ideas

Monetary policies run dry… High Frequency Economics Chief Carl Weinberg discusses so-called helicopter money. Pimco Executive Vice President Tony Crescenzi also speaks on “Bloomberg Surveillance.” Here is a direct video link.

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Subprime auto: debt crisis in the making

The subprime auto industry boomed over the past 6 years on a familiar foundation of lax lending and packaging sketchy loans as investments–similar to the 2008 sub-prime mortgage crisis. For more see: “They had created this remarkable system for taking … Continue reading

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Long-always bias writ large: 5.8% cash levels, highest since 2001

A recent survey from Bank of America Merrill Lynch reinforces my comments (see:  Captive money is not ‘smart’ for investors) about the fee-maximizing bias of financial firms to have client capital fully allocated to risky assets at all times:  last … Continue reading

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Haunting testimony on ‘preposterous’ proposal to remove Glass-Steagall

Foreboding blast from the past in this 1998 testimony. If only the politicians had listened, we would not be back full circle to today’s ongoing 1930’s style financial crisis. Instead under Greenspan’s hubris and leadership at the Federal Reserve, policymakers … Continue reading

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