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Rising COVID cases, falling economy

Tom Spencer

Since the start of February this year, the Fed has expanded its balance sheet by more than $2.4 To put that in context, the Fed was created in 1913, and its total balance sheet assets only reached $2.4 trillion in assets, but only 2 months to achieve the same amount of balance sheet expansion this year.

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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

Definitions. In your author’s opinion, the writedown of Greek debt falls clearly within the S&P definition of sovereign default. Undeterred however by rating agency definitions, European leaders have characterised the writedown as a voluntary “ private-sector involvement ” or PSI. Case Interviews. in Economics.

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Would a Bund by any other name smell as sweet?

Tom Spencer

Definitions. Thirdly, European banks are currently focused on building their balance sheets not on lending. Dexia has around $700 billion on its balance sheet, but like many banks it requires access to short term funding. Case Interviews. Helpful Links. Would a Bund by any other name smell as sweet?

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Another Definition of Deflation: Antal Fekete Defines Deflation as a "Pathological Slowing in the Velocity of Money"

MishTalk

In an interview with the Daily Bell that just came my way, Antal Fekete writes about Blowing Up Modern Austrian Economics. Background on Velocity To understand the interview discussion, one must first understand velocity. The simple definition V = GDP/M where V is velocity, M is money supply, and GDP is Gross Domestic Product.

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Mish's Global Economic Trend Analysis: Ritholtz on Gold and on.

MishTalk

Case Against The Fed. As a staunch deflationist, as well as someone who is definitely not agnostic regarding gold, I am proof enough. 2011-04-23: Syndicated Interview on Canadian Radio - My Segment Starts 29:31. This Week in Money Interview. 2011-03-29 - Sound Money Interview. Interview with the Freedom News Hour.

Trends 63
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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

trillion muni market had puzzled at the true identity of Bond Girl, Hector Negroni, co-founder of New York-based investing firm Fundamental Credit Opportunities, said in a telephone interview. “ An additional $8 million in tax-exempt bond money went to pay legal fees related to the case, records show. That police brutality case?