tag:blogger.com,1999:blog-6616959642391988608.post4984020874065578921..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Recall the stimulus! (3)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-65605690233561953002009-08-08T05:28:41.439-07:002009-08-08T05:28:41.439-07:00Sadowski vs. Grannis
Sadowski is very likely wro...Sadowski vs. Grannis<br /><br />Sadowski is very likely wrong. Grannis is very likely right. I’d take the In-Trade on Grannis. Why?<br /><br />(1) the Taylor Rule was violated by the Fed which created a bubble in the first place (Getting Off Track by none other than John Taylor),<br /><br />(2) now the Fed is quoting the Taylor Rule (convenient huh?),<br /><br />(3) QE and Keynesian Government W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23126609367850600072009-08-06T16:51:27.761-07:002009-08-06T16:51:27.761-07:00Or see the light.Or see the light.Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61920660094730156072009-08-06T15:55:20.065-07:002009-08-06T15:55:20.065-07:00One of us is going to eat a lot of crow.One of us is going to eat a lot of crow.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40750103522387913832009-08-06T12:47:53.063-07:002009-08-06T12:47:53.063-07:00There is considerable reason to believe the liquid...There is considerable reason to believe the liquidity trap will last not only into next year but into 2011 and 2012 and beyond. Here is what Glenn Rudebusch of the FRBSF had to say in May: <br /><br />"The estimated Taylor rule can also be used in conjunction with economic forecasts to provide a rough benchmark for calibrating the appropriate stance of monetary policy going forward. The Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55974150062094074452009-08-04T09:11:21.159-07:002009-08-04T09:11:21.159-07:00There's an excellent two part series called &q...There's an excellent two part series called "Fiscal Follies" that was published RBS in April. I recommend it reading it if you have access to their research.__https://www.blogger.com/profile/18426730906924848636noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58084111078801182382009-08-04T05:39:01.414-07:002009-08-04T05:39:01.414-07:00The 2Q GDP preliminary GDP report showed that the ...The 2Q GDP preliminary GDP report showed that the biggest cause of increased federal spending came from defense spending that was finally appropriated - not from non-defense federal government spending from the Obama stimulus plan. Of that $787 billion appropriation about $725 billion is still sitting as ink on paper that comprises the budget plans of most federal agencies.Rickhttps://www.blogger.com/profile/07767085539237536998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51561575345287290612009-08-04T01:50:04.506-07:002009-08-04T01:50:04.506-07:00You are exactly correct.
Every since you posted ...You are exactly correct. <br /><br />Every since you posted your first article on recalling the Quasi Stimulus Plan (believe Larry Kudlow of CNBC echoed the idea as well) the critical examination of the Stimulus Plan has accelerated.<br /><br />Apparently “Size Matters” was the theme of the Quasi Stimulus Plan. The architects forgot that “Design Matters” too.<br /><br />(1) Simultaneously W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39914195344928154392009-08-03T13:06:25.715-07:002009-08-03T13:06:25.715-07:00I prefer wine...I prefer wine...Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39983016857105630102009-08-03T12:35:07.490-07:002009-08-03T12:35:07.490-07:00Scott, any chance of a beer summit for you and Oba...Scott, any chance of a beer summit for you and Obama?Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53681547427341291742009-08-03T12:04:01.127-07:002009-08-03T12:04:01.127-07:00Anecdotally, I spoke to one of the managers at the...Anecdotally, I spoke to one of the managers at the large corporation I work for. He said the travel division, one of the hardest hit sectors, is turning around is actually starting to hire again.Paulhttps://www.blogger.com/profile/00842065702455026249noreply@blogger.com