Tom Spencer

MAY 9, 2020

For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds. However, when confidence eventually returns and the rate of spending starts to rise, at that point, the Federal Reserve will not be able to reduce the money supply by shrinking the size of its balance sheet.

System 88

System Banking Government Insurance 88

MishTalk

NOVEMBER 20, 2015

A possible explanation for the SEP’s prediction of a rapid catch-up to potential GDP after 2009 is that participants overestimated the efficacy of monetary policy in the aftermath of a so-called balance-sheet recession. Month/Year Current Conditions Expected Conditions 2/1/2002 13.80 -11.92 7/2015 -14.92 8/2015 -14.67

Balance Sheet 28

Balance Sheet Banking Study Policies 28

MishTalk

SEPTEMBER 26, 2013

We are often told that a fall in housing prices won’t affect the real economy in China much because, unlike in the US, the amount of real estate financed by mortgages is quite low. This means that the foreign currency reserves are simply the asset side of a balance sheet against which there are liabilities. billion yuan in July.

Real Estate 64

Real Estate Banking Government Balance Sheet 64

MishTalk

APRIL 1, 2015

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Who Is Kristi Culpepper? You should be.

Financial 28

Financial Engineering Finance Government 28