Michael Lichter asked me to forward the following to pen-l:
--- Forwarded Message
To: [EMAIL PROTECTED]
Subject: Invitation to Bash the Fed
Date: Mon, 14 Mar 1994 23:33:19 -0800
From: Michael Lichter lichter
I hope this isn't too basic a question, but ...
What would be a Progressive
Posted on 16 Mar 1994 at 01:00:17 by Uriacc Mailer (002033)
Who holds SL Mortgages?
Date: Tue, 15 Mar 1994 21:58:16 -0800
Reply-To: [EMAIL PROTECTED]
From: [EMAIL PROTECTED]
Here's a question about SL Balance Sheets:
I was lecturing the other night to my adult-ed class at Baruch and
was
Jim, you're forcing me to get technical. (If you can quote pop
songs, so can I: "I wan't to get technical, technical...") What I
meant was this:
XR = f(DM, DX, DDFA, FDDA, RIF-RID, SH, EXP, PDOTF-PDOTD)
where
DM = demand for imports
DX = demand for exports
DDFA = domestic demand for foreign
Posted on 16 Mar 1994 at 01:00:17 by Uriacc Mailer (002033)
Who holds SL Mortgages?
Date: Tue, 15 Mar 1994 21:58:16 -0800
Reply-To: [EMAIL PROTECTED]
From: [EMAIL PROTECTED]
Here's a question about SL Balance Sheets:
I was lecturing the other night to my adult-ed class at Baruch and
was
Jim, you're forcing me to get technical. (If you can quote pop
songs, so can I: "I wan't to get technical, technical...") What I
meant was this:
XR = f(DM, DX, DDFA, FDDA, RIF-RID, SH, EXP, PDOTF-PDOTD)
where
DM = demand for imports
DX = demand for exports
DDFA = domestic demand for foreign
Thanks, Peter. So what you're saying is that the difference between
price levels and inflation rates is crucial. The classical adjustment
mechanism presumed by comparative-advantage stories does not work
to balance trade by adjusting prices. But the aggregate demand
effect (P in US rises
boy, are financial markets irrational! how do the "efficient markets"
people respond when the stock market dives due to a single kidnapping?
in pen-l solidarity,
Jim Devine BITNET: jndf@lmuacadINTERNET: [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
Jim Devine notes:
boy, are financial markets irrational! how do the "efficient markets"
people respond when the stock market dives due to a single kidnapping?
Although Milton Friedman is not entirely an efficient markets type --
nor, by the way, am I advocating that anyone waste much time
In a discussion on another group (all non-economists), someone explained that
price supports for dairy products have the effect of keeping the price down.
The reasoning was that small farmers would go out of business without the price
supports, leaving the major producers to raise the price.
Response to Peter Dorman (hi, BTW, hope all's well that keeps
on keeping on):
Now you didn't have to get so technical on us did you? Getting
back to the origin of this with Ellen Frank's question, I think it
was addressed to what do we say to students, especially principles
students (higher
Thanks, Mike, for sending the copy of the speech by Bill Clinton.
For me the really profound observation made by BC was that "last
year, three out of four laid-off workers expected to lost their
jobs permanently - the highest figure since the Labor Department
began keeping these statistics." In
Although Milton Friedman is not entirely an efficient markets type --
nor, by the way, am I advocating that anyone waste much time reading
his nonsense ... but memories of grad school courses are fresh --
recall that he and Anna Schwartz argued that the untimely death of
the President of the New
Jim: right!
Barkley: I agree that currency markets are bazooey, but I still think that if
domestic prices go up and no other "fundamentals" change, the markets are more
likely to be bazooey on the downside than the upside of the original exchange
rate. Nothing more than that.
Peter Dorman
A cry in the wilderness: I don't know if I'm talking to an individual
or the network. If the latter, sorry for the clutter. I've received
nothing from pen-l since March 14. I don't know how to resubscribe
(someone else subscribed me in the first place), and I couldn't find
any instructions in the
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