Doug H. wrote:
On Aug 18, 2007, at 2:09 PM, Marvin Gandall wrote:
Or is this all preparation for the
Fed going the next step and buying the MBS's outright? Is it
limited by law
as to what securities it can buy through open market operations or
accept as
collateral for loans through the
Doug Henwood recently posted on LBO a link to an interesting survey from the
Pew Research Centre on the political attitudes of different segments of the
US population, which I've since had a closer look at. The poll was conducted
in December, 2004, following Bush's re-election. Since that time,
On Aug 19, 2007, at 8:03 AM, Marvin Gandall wrote:
Actually, it now appears that the Fed will mop up a lot of those
illiquid
MBS's and other asset-backed securities - but through the discount
window
rather than open market operations. The following account of why
the Fed cut
the discount rate
Doug wrote:
Hey Marvin, within minutes of the Fed's action I posted this to lbo-
talk:
[I'm guessing that lowering the discount rate while reaffirming the
fed funds rate level is a way to target banks having real funding
problems, while not easing up too much for the real economy, where
the
On Aug 19, 2007, at 9:54 AM, Marvin Gandall wrote:
And a more reliable source than that Friedmanite Gene Epstein too.
Don't
know how I missed it.
Gene Epstein - ah, the stories I could tell!
Doug
NY Times, August 19, 2007
Op-Ed Contributors
The War as We Saw It
By BUDDHIKA JAYAMAHA, WESLEY D. SMITH, JEREMY ROEBUCK, OMAR MORA, EDWARD
SANDMEIER, YANCE T. GRAY and JEREMY A. MURPHY
Baghdad
VIEWED from Iraq at the tail end of a 15-month deployment, the political
debate in Washington is
Dog-man bites man-dog. Twain nailed it in The Gilded Age.
Defaults on bonds issued against railroads were numerous before the
Civil War.
But there's more to capitalism than just a confidence game practiced by
con artists on consumer confidence.
Fraud causes panic not just because and not
On Aug 19, 2007, at 10:08 AM, Louis Proyect quoted:
America’s reliance on dubious credit goes all the way back to the
country’s founding.
No kidding. I just happen to be in the middle of reading Matthew
Josephson's The Robber Barons. Man, when those guys had a takeover
battle, they took
Anthony D'Costa wrote:
Speaking about Singapore and East Asian economies, capitalism they follow no
doubt and most bristle at the mention of marxist, socialist yet they do
practice a variety of socialistic policies, meaning regulate the markets to
meet certain social outcomes.
One of my
If I recall correctly, John D., Sr. in his early days had the oil wells
of competitors in Ohio dynamited. Is that correct, and are any details
on it in Josephson's book?
Doug Henwood wrote:
On Aug 19, 2007, at 10:08 AM, Louis Proyect quoted:
Americas reliance on dubious credit goes all
On Aug 19, 2007, at 1:06 PM, Carrol Cox wrote:
If I recall correctly, John D., Sr. in his early days had the oil
wells
of competitors in Ohio dynamited. Is that correct, and are any details
on it in Josephson's book?
Don't recall reading that but I'm only about halfway through. If I
come
Carrol Cox wrote:
If I recall correctly, John D., Sr. in his early days had the oil
wells
of competitors in Ohio dynamited. Is that correct, and are any details
on it in Josephson's book?
Hacker's TRIUMPH OF AMERICAN CAPITALISM has this kind of story. I
don't have it here, however.
(A
The standard definition in comparative economics is that socialism is state
(collective?) ownership of capital goods, capitalism is private ownership of
capital goods. This is distinct from the dimension of coordination, which can
be through markets, commmand, or tradition.
Anthony D'Costa
I don't know if it is correct. Ida Tarbell;s book on the history of
the Standard Oil company seems a more likely source. Been a long
time since I've seen either book.
Wasn't it on this list recently that a news item appeared, announcing
the death of the last surviror of the Ludlow
Looking at Saturday's L.A. TIMES crossword puzzle, either the author
(Bob Peoples) or the editors (Rich Norris and Joyce Nichols Lewis)
must be an ex-socialist.
why socialist? because who else knows the Engels edited two volumes of
CAPITAL? and, more crucially, who else knows the author of
On 8/19/07, Jim Devine [EMAIL PROTECTED] wrote:
Anthony D'Costa wrote:
Speaking about Singapore and East Asian economies, capitalism they follow
no doubt and most bristle at the mention of marxist, socialist yet they do
practice a variety of socialistic policies, meaning regulate the
Newscasters In The News:
That's My Guy! - Travus T. Hipp Arrested At Home For Marijuana Peyote
Aug 19th, 2007 by The Buffalo In Da' Midst Edit |
I had to double-check…
Yep! archive dot org, 8/16/07 8/17/07.
He never missed a broadcast.
Hipp's (sic) was elected last
On 8/19/07, Doug Henwood [EMAIL PROTECTED] wrote:
Hey Marvin, within minutes of the Fed's action I posted this to lbo-
talk:
[I'm guessing that lowering the discount rate while reaffirming the
fed funds rate level is a way to target banks having real funding
problems, while not easing up
On Aug 19, 2007, at 6:54 PM, raghu wrote:
And it didn't cost you a dime.
Doug
It doesn't seem like many people on PEN-L agree with me on this, but
this depends on the debatable assumption that an open line of credit
to the big banks costs nothing.
I meant the expert Fed-watching (i.e.,
On Aug 19, 2007, at 3:49 PM, The Buffalo In Da' Midst wrote:
Newscasters In The News:
That's My Guy! - Travus T. Hipp Arrested At Home For Marijuana
Peyote
Leigh,
Thanks for the heads up. We need to circle the wagons when the
fascist strike.
Dan
While going through some old papers this weekend, I came across my FBI
files obtained through the Freedom of Information Act in early 1979.
With the Democrats in Congress giving George W. Bush the right to use
the FBI against the American people, it might be useful to share some of
my FBI
In Singapore roughly about 85% of its residents (excluding expatriate
and foreign workers) own their own housing. This in itself has done
quite a bit for income distribution...
Jim writes:
what is the origin of this program? was it due to class struggle from
below, with workers fighting for
On 8/19/07, Doug Henwood [EMAIL PROTECTED] wrote:
On Aug 19, 2007, at 6:54 PM, raghu wrote:
And it didn't cost you a dime.
Doug
It doesn't seem like many people on PEN-L agree with me on this, but
this depends on the debatable assumption that an open line of credit
to the big banks
Didn't Peoples used to be a euphemism for socialist, as in Peoples
Republic of China?
On 8/19/07, Jim Devine [EMAIL PROTECTED] wrote:
Looking at Saturday's L.A. TIMES crossword puzzle, either the author
(Bob Peoples) or the editors (Rich Norris and Joyce Nichols Lewis)
must be an
Waiting IS the end of the world.
--
Sandwichman
or the Peoples World newspaper (now part of the Peoples Daily World,
if it still exists.
On 8/19/07, Sandwichman [EMAIL PROTECTED] wrote:
Didn't Peoples used to be a euphemism for socialist, as in Peoples
Republic of China?
On 8/19/07, Jim Devine [EMAIL PROTECTED] wrote:
Looking at
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