Trickle down economics not working so well:
Mexican Remittances Fell Most on Record in October
Dec. 1 (Bloomberg) — Mexican remittances dropped the most on record in October as the impact of the U.S. economic slump continued to spur job losses and...
At least they are starting to understand the power of employment.
Too bad they haven’t figured out how to do it in local currency.
Wonder how this will sell politically to unemployed voters here in the States:
Afghans Offer Jobs to Taliban Rank and...
“Under a paper-money system, a determined government can always generate higher spending and hence positive inflation.”
- Ben Bernanke
It also has to know which buttons to press.
QE and lower interest rates are not the buttons for that job.
The...
Buying $ is off balance sheet deficit spending and the easiest avenue politically.
If anything I am surprised they let it go this far. Their history of their economic model has been
to buy $ to support exports rather than cutting taxes to support...
That nagging feeling that 0 rates are deflationary keeps lingering.
The following FNMA news might be even more deflationary than the Dubai news over time. I wonder if Congress was involved in this decision, as FNMA is a public/private...
