tag:blogger.com,1999:blog-6616959642391988608.post8743121634592757198..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Show me the moneyScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-68548794537509759362011-04-20T08:50:09.291-07:002011-04-20T08:50:09.291-07:00I don't have the numbers in front of me but I&...I don't have the numbers in front of me but I'm pretty sure that Treasury has been shortening the maturity of their security sales. This has been a good thing since short-term rates are so low, but it will be very expensive if and when rates start to rise. It would have been more prudent to extend maturities.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-37041950703716870742011-04-20T03:57:30.985-07:002011-04-20T03:57:30.985-07:00Mr. Grannis -
Could you elaborate on what the US...Mr. Grannis - <br /><br />Could you elaborate on what the US Treasury is doing? Is it still primarily selling short term debt or has it gone further out the Treasury yield curve to take advantage of the historically low long term interest rates. My concern is that the short end is very tempting when it is less than 1% but it could be a problem when yields inevitably rise. Do you know if the Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65634447267996422812011-04-19T14:50:11.529-07:002011-04-19T14:50:11.529-07:00Pub library,
Your putting words in my mouth, does...Pub library,<br /><br />Your putting words in my mouth, does not put money in my pocket.<br /><br />But if it did, I'd be quite flush by now.Lorihttps://www.blogger.com/profile/01438039963046848511noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-433842695749860612011-04-19T13:57:49.780-07:002011-04-19T13:57:49.780-07:00Lori,
Your naivety is cute but you are supporting...Lori,<br /><br />Your naivety is cute but you are supporting my argument precisely.<br /><br />Oneal stopped growing and his mother stopped buying him larger shoes or he would be a size 50 by now.<br /><br />You probably thought real estate never went down in America too just as you believe GDP expands in perpetuity.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43668966348097079702011-04-19T13:57:22.131-07:002011-04-19T13:57:22.131-07:00This comment has been removed by the author.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62745770976537677792011-04-19T13:19:03.444-07:002011-04-19T13:19:03.444-07:00I read with close interest and admiration all Scot...I read with close interest and admiration all Scott Grannis' posts, but especially those dealing with QE.<br /><br />I fall into the camp that does not like federal deficit spending, but is all for an aggressive, expansionist Fed. We see in Japan what a monetary noose can do to a nation's economy. A feeble, dithering Fed is disaster.<br /><br />Price stability at the cost of prosperity Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4204325853784988022011-04-19T12:40:16.804-07:002011-04-19T12:40:16.804-07:00Does the Fed stop printing money? No. Why would th...Does the Fed stop printing money? No. Why would they in an ever expanding economy. After all it is their job.<br /><br />As he grew throughout his childhood, did Shaquille O'Neal's mother stop buying Shaq larger and larger shoes?Lorihttps://www.blogger.com/profile/01438039963046848511noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51276777708664155992011-04-19T12:31:40.018-07:002011-04-19T12:31:40.018-07:00In this model, if GDP were to oscillate around zer...In this model, if GDP were to oscillate around zero, does the Federal Reserve stop printing money altogether?<br /><br />If we follow this logic even further, if GDP were to run at say -1% per year for whatever reason, does the Federal Reserve remove money from the system?<br /><br />I am trying to understand the link between growth in the money supply and real economic growth but I find most Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.com