tag:blogger.com,1999:blog-3051192192128526349.post1427119145852611774..comments2023-03-30T02:43:40.558-07:00Comments on Beer, Guns, and Baseball: The Actual Employment PictureTonyFernandezhttp://www.blogger.com/profile/07577417779317914721noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3051192192128526349.post-69271747127955874282012-03-14T08:54:16.017-07:002012-03-14T08:54:16.017-07:00The banks and corporations have a sweet deal right...The banks and corporations have a sweet deal right now. They are abusing the difference in interest rates. The go to the discount window at the Fed, and take out a loan at that sweet interest rate, and then go and buy T-bills and get about 2% for a 10-year. They make money for doing nothing! This is why the banks are saving more money than they ever have.<br /><br />http://research.stlouisfed.org/fred2/series/EXCRESNS<br /><br />Why should they loan to private companies when they get a guaranteed return for doing nothing? Obamacare and Dodd-Frank could be reasons for uncertainty, but until interest rates rise, we are not going to see real growth and a stable monetary base. A huge wave of inflation will come once those excess reserves get unleashed.TonyFernandezhttps://www.blogger.com/profile/07577417779317914721noreply@blogger.comtag:blogger.com,1999:blog-3051192192128526349.post-62315466838380315952012-03-14T08:50:07.127-07:002012-03-14T08:50:07.127-07:00More drilling would help, but even there the main ...More drilling would help, but even there the main source of the problem remains the same: the Federal Reserve creating inflation.TonyFernandezhttps://www.blogger.com/profile/07577417779317914721noreply@blogger.comtag:blogger.com,1999:blog-3051192192128526349.post-14132510068071988592012-03-13T13:35:17.910-07:002012-03-13T13:35:17.910-07:00God to see you blogging again, Tony. That graph sh...God to see you blogging again, Tony. That graph should make a great Republican campaign ad this summer.<br /><br />The Austrian economist also take heat because they predict that stimulus will lead to inflation. Paul Krugman loves to point out that there is no inflation. Putting aside that the inflation numbers are also cooked, there is a lot of money that has never made into circulation. We are told that corporations are sitting on a trillion dollars and that banks are sitting on two trillion in excess reserves. We are told that that worries over the true cost of Obamacare and uncertainty over the impact of Dodds-Frank are the reasons. Does that make sense to you?Jim at Conservatives on Firehttps://www.blogger.com/profile/07883910260694255582noreply@blogger.comtag:blogger.com,1999:blog-3051192192128526349.post-4773766848336761942012-03-12T12:47:01.040-07:002012-03-12T12:47:01.040-07:00Not much different than the stunning success of hi...Not much different than the stunning success of his energy policy that he is spinning right now.Bunkervillehttps://www.blogger.com/profile/14427978686579892380noreply@blogger.com