Monthly Archives: October 2010

More Evidence that Quantitative Easing Doesn’t Work.

by Cullen Roche – Pragmatic Capitalism dot com October 27, 2010 http://pragcap.com/evidence-qes-failures The whole theory behind QE revolves around the idea that the Central Bank can reduce long-term interest rates. If they can reduce rates they can make other assets … Continue reading

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China Hides Inflation, Money Inflation

by Patrick Chovanec http://www.businessweek.com/news/2010-10-19/china-hides-rampant-inflation-in-money-binge-patrick-chovanec.html Oct. 20 (Bloomberg) — Money, money everywhere. At least that’s what it feels like at the moment in China. Awash in luxury cars, condos and expensive jewelry, the Chinese are enjoying what looks to be an … Continue reading

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Understanding Modern Monetary Theory (MMT)

http://pragcap.com/mmt-101 I believe Functional Finance and Modern Monetary Theory best describe the monetary system in which the USA exists. Modern Monetary Theory (MMT) is based on the following principles: The Federal government is the monopoly supplier of currency. The modern … Continue reading

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Is a 1937-38 Style Double Dip Likely?

by Cullen Roche October 13, 2010 http://pragcap.com/1937-again In June I asked an important question – are we bound for another depression like Paul Krugman and many commentators have been calling for? And more importantly, are we making the same mistakes … Continue reading

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My Quarterly Summary to My Clients

To My Clients: Our accounts are down 1.7 % for the Quarter and up 9.4 % for the year 2010 to date. Your account has held relatively steady this past quarter even though it has been a difficult one for … Continue reading

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