Hi, this is Jian Lian who post his idea on credit/circulation framework in the gang8 group months before. During the most 3 seminars I raised my idea with...
080402 Northern Rock The report and accounts for 2007 are now available and one can assess the problems of this mortgage bank more knowledgeably. The report...
Oil fund follies Dear friends, Finally Norwegian journalists have to some degree woken up concerning the immense values at stake regarding the handling of the...
Dear Gang, and Richard I just put an accounting question to the UN people maintaining the System of National Accounts site. If you have the time, I would be...
Dear Dirk, Capital gains do NOT enter into the NIPA. Just today, I¹ve been trying to create an index of ³total returns² by adding them into the national ...
The current European way of showing GDP stats mystifies me, and I have not fully got to grips with it. Under the old UK system the stats showed all the incomes...
Dirk and friends, Unrealised financial gains do not enter into GDP, so the answer to both questions is no. If one wanted to include them, there would be...
... Agreed. ... This last sentence I find puzzling. Cancel out? Where do large aggregate capital gains then come from? Or do you means that in the long term ...
Dear Gang, My purpose in showing capital gains is not to reflect cost of production, nor welfare. It is to show that the economy has come to be more a search...
thanks, Michael. Meanwhile, here is a piece I wrote to explain the relation of financial transactions and GDP. Comments welcome, also feel free to plunder. ...
Gunnar, Jan Andreassen i Landsbanki (Icelandic) has some interesting comments. CEOs of American banks do not collect needed money by issuing new stocks,...
Rather different, Arno. First of all, there is a US law that you can¹t dilute stock without a shareholder vote. But more to the point, Debt leveraging and...
Dirk, Good summary. These facts - unchanged since - led me to suggest the split between credit in real and financial circulation in 1992. Warm regards, Richard...
OK, thanks Richard. So far all three of your answers are no surprises. My follow up question - and how are /realised /financial gains (let us say holding...
Dear All, For your information, this is what the system of national accounts people think about it - they are clearly in two minds about what to do with...
Michael, If you want a UK case study, Barclays is ideal, and there is a 23 year history. This year Barclays has a share buy-back scheme and the CEO takes home...
080404 Michael, Thanks for the comments. <This last sentence I find puzzling. Cancel out? Where do large aggregate capital gains then come from? Or do you...
Michael. Would not the orthodox camp say that it would lower interest rates by making more cash available? Geoff ... From: Michael Hudson To: GANG8 Sent:...
I do not see anything maliciously wrong with this at the moment. The purpose is to keep the assets and liabilities of a company such as 'Granite' off the bnk's...
Asia Times published this article of mine the other day on "Peak Credit and a Flight to Simplicity" http://www.atimes.com/atimes/Global_Economy/JD03Dj04.html ...
Good. Geoff ... From: Michael Hudson To: GANG8 Sent: Thursday, April 03, 2008 2:47 PM Subject: Re: [gang8] system of national accounts Dear Gang, My purpose in...
I expect we have all had this problem. Do we answer the questions as the tutor wants them answered or do we give the correct answer? 53 years ago I did the...
Dear Lian, All US trained economists are neoclassical, except those from UMKC and the New School in New York. If you tutor is very open minded and you are good...
Dear Geoffrey, Your comment about new transportation adding to SOME rent of location, but cutting others, was made by Simon Patten over a century ago. (He was...
The best tack is to say that there is a new theory in America, that you would like to tell him about. You can appear to be neutral. But just say that it is...
I wonder if anyone is THAT silly. Interest rates are set by the Fed. So much for the idea of private sector supply and demand. Wall Street only uses ...
Dear Friends of the American Monetary Institute Please take a moment to concentrate on this message, and consider the very particular action it asks of you, to...
AMI
ami@...
Apr 6, 2008 4:55 am
12946
This looks great, Stephen. I had a good working week with David and his assistant compiling charts. Michael ... Re: [gang8] An Action Request from the American...
Dear Gang, Itulip, a financial discussion site, is publishing an interview with me from last January, where I discussed the issue Geoffrey brought up last ...
Having problems with message search?
Fill out this form to ensure your group is one of the first to be migrated to the new message search system.
