BOTOX TAX IS BACK: SENATE BILL INCLUDES 5% TAX ON ELECTIVE COSMETIC SURGERY... Nov 20, 2009
So much for the need for increasing the velocity of money. Posted By: Bill | November 19, 2009 at 10:12 AM. (The Drudge Report)
Eric Singer: Pay Czar Driving Talent Away Nov 4, 2009
While the Fed has doubled the money supply, all the inhibitions on bankers have helped to slow the velocity of money to a crawl ... So the velocity of money slows down, and the crisis of confidence is renewed. (Newsmax)
Indian market worth the premium: CLSA Nov 3, 2009
What I mean precisely by a liquidity trap is that you are in a situation where velocity of money in circulation is declining because of the deleveraging situation ... First, because bank lending is declining; second, because the velocity of money in circulation is declining; third, because income growth is declining; fourth, because youve got lots of excess capacity. (India Times)
We Are Not All Keynesians Yet Oct 6, 2009
9 percent at a time of substantial decline in the velocity of money, rather than any inadequate fiscal stimulus. Economic growth was unusually high from 1933 to 1937, a consequence of a dramatic change in monetary policy that involved increasing the dollar price of gold in 1933, the implementation of deposit insurance in 1934, and a substantial increase in the money supply. (The American Conservative)
Proposed agency for consumer protection faces fierce debate Sep 9, 2009
"It could have averted the crisis in mortgages, but it never acted. Fed chairmen are selected for their expertise in monetary policy, things like M1 and the velocity of money. The Fed is not staffed with bad people. The problem is that their expertise and interest is monetary policy, not consumer financial products.". Similarly, the Comptroller of the Currency, the Office of Thrift Supervision and the are chiefly responsible for making sure banks don't fail, not for protecting consumers. (USA Today -- Money)
The Worlds Most Expensive Road Signs Sep 5, 2009
Movement of money through the system is called the velocity of money not GDP, you idiot. GDP is a measure of the nation s total total output of goods and services. (Atlanta Journal-Constitution -- Opinion)
Norway's Iraqi ace-in-the-oil-well Sep 1, 2009
If wages had fallen faster and further, goods prices and real estate prices would have fallen further and faster, more banks would have gone into bankruptcy, the bank failures would have shrunk the money supply even more, the velocity of money would have fallen even further, and the Great Depression would have been even worse. Milton Friedman's teacher Jacob Viner always argued that it was "unbalanced deflation" -- i.e., declines in asset prices and wages and incomes while debts remained the... (Salon)
How many oil speculators do we need? Aug 29, 2009
"In the review of the data in this brief paper, we find that noncommercial players now constitute about 50 percent of those holding outstanding positions in the U.S. oil futures market, compared to an average of about 20 percent prior to 2002. The change in market composition was driven by the rapid entry of noncommercial participants and was the principal factor behind the increase in total open interest. It is also highly correlated with the run-up in oil prices. Moreover, as will be expounded... (Salon)
MICHAEL BARONE Aug 10, 2009
Dennis Kucinich, D-OH, yesterday whether the Federal Reserve was "paying banks high interest rates to keep funds... Published: Jul 22, 2009 Thursday is the day things tend to come to a boil on Capitol Hill. Members of Congress have been in town for three or four days, they're planning their exits on Friday to meet other commitments, they've had a chance to talk and meet with each other and sample the mood of their colleagues. This month, Thursdays have been very bad days for the Obama... (The Drudge Report)
Wealth forthe sensible Aug 5, 2009
" The problem was that the government was being bankrupted by maintaining the foolish leftist stupidities of president Lyndon Johnson's "Great Society" and the sheer stupidity of the Vietnam war (among other governmental stupidities), and lots of dollars were being created by the Federal Reserve and multiplied by technology increasing the velocity of money through the banking system, resulting in a lot of inflation and a lot of dollars piling up overseas. Fortunately, it was France making all... (Asia Times Online)
Will China's Bubble Burst? Jul 27, 2009
Chairman Ben Bernanke and his cohort may print a lot of money (and they did), but there's almost nothing they can do to speed the velocity of money. They simply cannot force banks to lend without nationalizing them (and only the government-sponsored enterprises have been nationalized). (Slate)
US fails to take own medicine as guard changes Jul 23, 2009
Inflation has not yet reared its head because the velocity of money has halved. However, as soon as banks start lending again and money velocity moves back to normal levels, inflation of 100 percent is theoretically possible, unless the authorities expertly mop up liquidity. (Business Report, South Africa)
Awash in nonsense Jul 22, 2009
For all you "velocity" freaks out there - and there are quite a few of them - substitute gross domestic product (GDP) as the "P" times "Q" part of Fishers famous equation MV=PQ (or, money supply times velocity of money equals price of everything sold times. quantity of things sold) and you get a velocity of less than 1. (Asia Times Online)
Nightmarish financial numbers Jun 24, 2009
com had the headline, "Velocity of Money Comes to a Standstill." The report starts off with the news that "Current consumption, which at $8.2 trillion is around 70% of GDP, has fallen US$150 billion from last year," and that investment, which represents things like building factories, is $1. 3 trillion or 11% of GDP, and down 23. (Asia Times Online)
Jim McKee: Morgan, Buffett and The Panic of 1907 Jun 24, 2009
Douglas Novak Crete wrote on June 21, 2009 6:28 am:" Great article Mr. McKee. It provides a geat contrast to our current situation. Apparently hoarding in 1907 caused a shortage of money to borrow and in 2009 a massive oversupply of money is avaiable and there is a shortage of borrowers with the exception of the Federal Government. It is intersting to see the banks used scrip as a false currency in 1907 and we are doing the same with US Government Bonds being isued with no relationship to our... (Minnesota Farm Guide, MN)
China warns Fed over 'printing money'... May 28, 2009
In it, Mr. Cheney said, "Paul, (O'Neill) Reagan proved that deficits don't matter. We won the mid-term elections and this is our due. Perhaps Mr. Cheney might speak to the Chinese on behalf of the Federal Reserve, since he has become so chatty in recent weeks. Michelle on May 28, 2009 at 08:25 AM We will need to allow some destruction of poorly run businesses and, yes, some deflation. We need the stronger dollar in stronger hands. Carl on May 28, 2009 at 07:44 AM well china's government at least... (The Drudge Report)
Easy bets with other people's money May 23, 2009
Most analysts point to a funding gap of around US$20 trillion for the G-8 banking system by 2011, made worse by the reduced velocity of money (that is, a lower money multiplier). This problem has not been addressed, and most likely will not be; unless banks can pledge more useless collateral with their central banks and in effect get "free" funding; 4. (Asia Times Online)
Obama presiding over huge inflation risk Apr 28, 2009
Economists call the frequency of spending the "velocity of money," and it has been dropping like a stone. When the eventual recovery occurs, however - and most economists believe this will be at the end of 2010 - the velocity of money will return to its normal levels. (San Francisco Chronicle -- Opinion)
Read the 'JER' transcript Mar 24, 2009
MOORE: Obviously, we're not in an inflationary environment right now because there's no velocity of money. People have getting the money and they're sticking it under their mattress. (Fox News)
Niketown in Waikiki to Close Store, Layoff Workers Mar 23, 2009
"Everything runs by the velocity of money. If people don't go to a store and shop they can't pay their employees.". Economists say that sends the economy spiraling downward. (Honolulu Star-Bulletin)
Stein: Fear-Mongers Keep Us In Recession Mar 9, 2009
The economy grows because of two factors: M, which is the quantity of money in the economy, which is controlled mostly by the Federal Reserve; and V, the velocity of money, or the rate at which it changes hands - or, as one might say, the speed with which it is borrowed, invested and spent ... But the velocity of money has slowed dramatically. (CBS News)
Teetotaller Turnbull calls for responsible service of Swan lager Mar 4, 2009
Importantly, the velocity of money in the American financial system, after slumping late last year, picked up in January and February. Page. (Sydney Morning Herald -- Australia)
Rick Santelli Rant: The Chicago Tea Party Gains a Member Feb 22, 2009
The paradox of thrift and velocity of money are real and needed to get the economy moving. However continuing to force banks to again loan to deadbeat borrowers and creating a huge stimulus that does not give every American an equal $$ amount only increases the angst and sends the economy deeper into the tank. (U.S. News & World Report)
Inflation: Hidden Giant Waiting to Attack? Feb 22, 2009
In a post I did a while back, , I discussed inflation in detail along with the real problem today, which is the velocity of money ... Evidence shows that the broad money supply (M3) is back on the rise, including growth in the required reserves at depository institutions, hinting that the velocity of money is rising again (aka lethargic rabbits start running), with some believing that double digit inflation may be seen later this year. (Motley Fool)
Printing money to boost asset prices? Feb 16, 2009
6 trillion currently (see chart 1), the economy is shrinking as the velocity of money is shrinking ... The GDP to M1 ratio (a measure of velocity of money) fell from 10 ... One way to increase the velocity of money is through fiscal stimulus where large infrastructure spending by the government would stimulate growth. (The Star Online, Malaysia -- Business)
Jobs Down, Stocks Up? Feb 9, 2009
Lawrence Kudlow : Jobs Down, Stocks Up. Columns, funnies in your inbox. (Townhall.com)
