MMT proposals for the 99%
1. A full FICA suspension to end that highly regressive, punishing tax and restore sales, output, and jobs. 2. $150 billion in federal revenue sharing for the state goverments on a per capita basis to...
View ArticleUS Treasury May Issue Debt With a Floating Interest Rate
Brilliant. Reminds me of Will Rogers. Think of all he’d have said if he’d understood MMT. US Treasury May Issue Debt With Floating Interest Rate By Jeff Cox October 24 (CNBC) — Dealers and traders have...
View ArticlePresident Obama entering the fray
More of the blind leading the blind. The one thing they all agree on, at great expense to global well being, is the budget deficits are all too large and the need for shared sacrifice and all that. No...
View ArticleNews recap comments
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – ·...
View ArticleComments on Senator Sanders article on the Fed
Dear Senator Sanders, Thank you for your attention to this matter! My comments appear below: The Veil of Secrecy at the Fed Has Been Lifted, Now It’s Time for Change By Senator Bernie Sanders November...
View ArticleGreg Walden to introduce bill to stop U.S. Treasury from creating trillion...
More of the blind leading the blind. Either way Treasury only spends what’s authorized by Congress. And all the coin does is shift interest expense from the Treasury to the Fed. Illogic is clearly a...
View ArticleTsy floaters
Yes, the Treasury is in fact selling notes that float off of its own bills. :( The Treasury provided a preliminary term sheet for the floating rate note program that will launch sometime in Q4 or Q1....
View ArticleThinking Caps On – Grab a Coffee – Sales/Trading Commentary
From: JJ LANDO At: May 14 2013 07:41:14 Consider the following thought experiment. These are the scenarios: A. The Treasury decides that it will fund itself 30% more in Overnight Bills and reduce...
View Articletsy tax collections
It gapped up with the fica increase more than with employment > > (email exchange) > > On Jun 12, 2013 4:40 PM, wrote: > > It looks like a good indicator of labor and...
View ArticleLew says receipts slowing?
Not a good sign for the economy? “Lew had previously said the government would have around $50 billion then. He said on Tuesday revenues have come in a little slower than expected in recent weeks.”
View ArticleClik here to view.
New home sales, PMI services, Mtg purchase apps, Tsy yield
Challenging to put a good spin on this one, but they gave it their best shot, as the wheels are coming off at every turn: New Home Sales Highlights A downturn out West helped pull new homes sales down...
View Article