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Showing posts with the label government

The Dead Horse Theory

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Some Background Checks Are Better Than Others

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Learn to be a Central Banker (in 10 easy steps)

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This via Barry Ritholz @ The Big Picture Learning to Be A Central Banker in 10 Easy Steps Start with one policy – for example – interest rates. Place the policy ball in your right hand and begin by   lowering   rates. which causes the ball be tossed-up into the air, in an arc, and land in your left hand. Note how, when the policy ball is in your left hand and you raise rates, the ball returns in an arc to your right hand. Repeat several times to get the feel. (Note this doesn’t work if you are left-handed) Now with he first policy ball in your left hand, take a second policy ball in your right hand, say the value of the US dollar. Notice how when you   lower   interest rates while the PBoC, and other official buyers in BRICs and GCC countries buy Long Bonds, the 2nd policy ball, the Dollar, feels heavy as if it wants to fall to the ground. Exerting appropriate pressure, you must force it up to arc, after which it should fall back down landing in the left hand...

Democrats better than Republicans at cutting Government Spending? (Wait, What?)

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Remember this post showing how Government spending goes up more under Republican Presidents as compared to Democrats ?  To refresh your memory, heres the key slide The chart shows, in a nutshell, that Clinton & Obama are - by a pretty huge margin - the presidents that have presided over the slowest growth in Gummint, with it actually shrinking under Obama . (I'll wait while you stop frothing and gibbering.  Then again, you've probably never looked at this anyhow, so lets just continue)  As it turns out, theres more! @TBPInvictus breaks the above out into three of the four major Gummint spending categories (Medicare, Medicaid, and Social Security. Not defense, because, who wants to cut defense in this country?), and the results, as expected, match the above chart.  The bottom lines are Regan was by pretty much all standards the worst offender of the lot Bush 1 keeps Regan from batting a 1000 by taking the Medicaid crown Obama is - almost everywhere ...