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Wednesday, September 7, 2011. SNB, Currency Wars, and the China Peg. The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this "conflict" by announcing a minimum exchange rate target. Vis-a-vis the euro. This amounts to quantitative easing a l'outrance: the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Markets certainly took note. Buttonwood of The Economist. Hence, the evocatively dubbed "currency wars", i...

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Obsolete Dogma | obsoletedogma.blogspot.com Reviews

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Wednesday, September 7, 2011. SNB, Currency Wars, and the China Peg. The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this conflict by announcing a minimum exchange rate target. Vis-a-vis the euro. This amounts to quantitative easing a l'outrance: the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Markets certainly took note. Buttonwood of The Economist. Hence, the evocatively dubbed currency wars, i...

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Obsolete Dogma | obsoletedogma.blogspot.com Reviews

https://obsoletedogma.blogspot.com

Wednesday, September 7, 2011. SNB, Currency Wars, and the China Peg. The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this "conflict" by announcing a minimum exchange rate target. Vis-a-vis the euro. This amounts to quantitative easing a l'outrance: the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Markets certainly took note. Buttonwood of The Economist. Hence, the evocatively dubbed "currency wars", i...

INTERNAL PAGES

obsoletedogma.blogspot.com

1

Obsolete Dogma: May 2011

http://obsoletedogma.blogspot.com/2011_05_01_archive.html

Friday, May 20, 2011. The Other Output Gap. Has the housing bust reduced our productive capacity? Interfering with this reversal of bubble-era misallocations will only prolong the admittedly painful process of adjustment - or so the story goes. As CNBC's John Carney puts it. In an echo of the Efficient Markets Hypothesis:. We're likely performing at exactly the capacity appropriate for a people with the combination of assets, liabilities and skills we actually have. [.] We have relatively less ca...Carne...

2

Obsolete Dogma: The Most Specious Tax Argument Ever

http://obsoletedogma.blogspot.com/2011/08/most-specious-tax-argument-ever.html

Friday, August 19, 2011. The Most Specious Tax Argument Ever. Conservatives are in a tizzy because Warren Buffett had the temerity to once again suggest that he should pay a higher percentage of his income in taxes than his secretary does. The gall! The GOP response has been as predictable as it is unpersuasive: Buffett is a hypocrite for not promoting a wealth tax. But Investors Business Daily wins the award for chutzpah with their Orwellian argument. In the last decade:. In 2001, the top 0.1% of ea...

3

Obsolete Dogma: Behavioral Economics, Tax Cuts, and the Stimulus

http://obsoletedogma.blogspot.com/2011/08/behavioral-economics-tax-cuts-and.html

Thursday, August 25, 2011. Behavioral Economics, Tax Cuts, and the Stimulus. Did the Obama administration outsmart itself when it came to the tax cuts in the 2009 stimulus? Recall that the debate at the time centered on how much of the recovery act would be composed of spending programs versus tax cuts. Liberals argued that the ARRA should have been weighted more towards government spending. You might think that handing people a big chunk of change is a perfect way to get them to spend it. But it isn...

4

Obsolete Dogma: The Housing Bust, Deleveraging, and Zero

http://obsoletedogma.blogspot.com/2011/08/housing-bust-deleveraging-and-zero.html

Tuesday, August 30, 2011. The Housing Bust, Deleveraging, and Zero. If the housing bust was the proximate cause of our Great Recession, why didn't the economy begin contracting until a year and a half after housing prices began to decline - and well after the economy began shedding construction jobs? Indeed, Ryan Avent observes. Sectors suddenly decided that the outlook for growth was much worse than they'd previously believed. There is a peculiar psychology to zero, at least when it comes to net wealth&...

5

Obsolete Dogma: July 2010

http://obsoletedogma.blogspot.com/2010_07_01_archive.html

Monday, July 19, 2010. Paul Krugman, Iceland And The Council Of Foreign Relations: A Study In Conventional Incoherence. If there's one thing Serious People despise, it's being questioned. Never mind that the establishment has listed from one catastrophe to the next over the last decade; alternatively cheerleading. So it shouldn't be too surprising that the "centrist" Council on Foreign Relations - that venerable body that sees fit to employ know-nothing Amity Shlaes. But not so, says the CFR. Outperforms...

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Easton Bank, Easton PA. Recently, a fellow currency collector asked for information regarding a $10 bank note from the Easton Bank of Easton, Pennsylvania where Hoober. Does not list that variety. It appears that this note is not listed in Haxby. Either. One interesting thing is that the variety of $10 note used in both. 10 Easton Bank, Easton PA (1858). If anyone has information on this variety of $10 it would be greatly appreciated. Saturday, October 04, 2014. Subscribe to: Posts (Atom). By: Handini Th...

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Wednesday, September 7, 2011. SNB, Currency Wars, and the China Peg. The currency wars are back. It was, of course, the neutral Swiss who fired the latest salvo in this "conflict" by announcing a minimum exchange rate target. Vis-a-vis the euro. This amounts to quantitative easing a l'outrance: the Swiss National Bank will print Swiss francs as necessary to buy up foreign exchange to hit its target. Markets certainly took note. Buttonwood of The Economist. Hence, the evocatively dubbed "currency wars", i...

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