tag:blogger.com,1999:blog-6616959642391988608.post7863025842061529012..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Count on the IMF to get things wrongScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-40287824273372025122010-10-08T11:16:01.777-07:002010-10-08T11:16:01.777-07:00Your re-write is nice but I think you're dream...Your re-write is nice but I think you're dreaming. FWIW, I share the same dream.Huntington Hartfordhttps://www.blogger.com/profile/06253593320858272112noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35856996277772001692010-10-06T10:55:53.403-07:002010-10-06T10:55:53.403-07:00No crowding out??? Treasury is absorbing almost $1...No crowding out??? Treasury is absorbing almost $1.5 trillion of funds from the private sector this year. That's more than total corporate profits after tax. If that's not crowding out I don't know what is.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77965524710408326052010-10-06T10:24:59.315-07:002010-10-06T10:24:59.315-07:00Scott:
(1) There is no crowding out right now, ba...Scott:<br /><br />(1) There is no crowding out right now, bank lending is dropping (in the U.S. and Europe).<br /><br />(2) You forget China and its drive for growth, and other EMs<br /><br />(3) Of course the reduction in stimulus will lead to a reduction in GDP -- not a value judgment just a fact. The IMF has made many comments about the unsustainable level of debt by G7 countries -- its justFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51071613356597675292010-10-06T09:47:05.890-07:002010-10-06T09:47:05.890-07:00Nice selection of posts by Scott Grannis, a Hercul...Nice selection of posts by Scott Grannis, a Hercules among economists for his heavy posting.<br /><br />I am a little more optimistic of late too, though for different reasons. I think central banks realize the threat to=day is not inflation--our 30 years war is over--but deflation.<br /><br />It is very hard not to fight the last war, especially for a public agency of any sort. In contrast, Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com