Richard has written a great article on how to reform central bank policy. If we DO have a meeting and publication, I think this is the kind of proposal we want...
Richard. Congratulations on this brilliant eye-opening piece on the real culprits in the world's financial mess. How could all this have escaped the world...
Friends please do recirculate and forward this message to your email contacts! A July 4th message to friends of the American Monetary Institute, Dear Fellow...
AMI
ami@...
Jul 5, 2009 5:09 am
14187
090709 Gardiner re government borrowing Gang See the following http://europa.eu/eur-lex/en/treaties/selected/livre223.html#anArt1 This I have to admit was news...
The trouble is that bank losses go beyond shareholders' funds and the depositors, quite innocently, are also sufferers. The Bundesbank may have lost its main...
090711 Gardiner to Gang8 EU Article 101 It looks as though the change in the EU to a Swiss Style central banking system which forbids the central bank from...
It's a technicality that central bankers like to fob off gullible politicians with. In Japan since the 1960s the government has not been allowed to borrow from...
Further, the Bank of Japan is allowed to - indeed must, as the banker of the gov't - purchase newly issued finance bills, which are simply not classified as...
Yes, Dirk, the editorial page editor for the FT referred to your article in a conversation with me today, so it made quite a hit there. Eric Jantzen of itulip...
OK, great. Is that Robert Cookson? He wrote to me to invite me to write an FT comment based on this. Which of course I will do, after my holidays. (just in...
Thanks Steve, Several people drew my attention to this. Also the FT is asking for a comment piece. It's great for all of us. best, Dirk On Mon, 13 Jul 2009...
And are they STILL leaving out the debt dimension? you ask. Yes they do. THe only exception is the OECD, to some extent and on an ad hoc basis (e.g. only for...
Dear Dirk, I consider people leaving out the debt dimension when they only compare debt to GDP. This isn¹t the key. The key is debt service relative to the ...
All agreed. And even something like a debt-to-GDP ratio is not part of the equilibrium models I discuss in that paper, let alone debt/ebitda. Debt is simply...
Dirk, Any reason why you don’t list my work in your paper with the list of economists who warned about excessive credit creation leading to bubbles and ...
Dear All, Has there been zero correspondence on the gang8 or Dulwich lists since I sent this mail below on 18 July or have I been dropped from the list? Bill...
Dear Richard. Yours is the first message I have received on gang8/dulwich since your message of 18 July. Summer vacations across the board? Gunnar _____ From:...
Dear Gunnar, Many thanks for confirming this. I appreciate it. Warm regards, Richard _____ From: gang8@yahoogroups.com [mailto:gang8@yahoogroups.com] On Behalf...
This rings a bell, or several bells. Knowing something of the range of talent among gang connections I have been hoping for some wisdom about the global...
Kevin Donnelly
kevin.donnelly87@...
Jul 29, 2009 3:58 pm
14207
Here's a transcript of my interview with Fred Harrison a few months ago. Michael The parasitic Finance Sector: Fred Harrison interviews Michael Hudson ...
090802 I had an hour and a half with Charles Goodhart on Friday over lunch in the London School of Economics. Although we managed to get through a lot of...
Dear All, I was holidaying hence the delay in replying to Richard's message. Of course I am happy - keen even - to include Gang8 members among those who 'saw...
090804 Topic One The half year loss at Northern Rock is over 700,000,000, but nearly 300,000,000 of that is an 'ineffectiveness charge' in respect of...
Dear Gang. Here is my translation of a brief article which I received yesterday. The author is professor of computer science at the University of Iceland. The...
Dear Dirk, Are saying your paper is based on a biased, since self-selected, sample? (Those who responded in the most convenient way/format were included, for ...
This is a good article, and we should discuss it. Michael RANDALL W. FORSYTH, ³Riding the China Tiger,² UP AND DOWN WALL STREET DAILY, AUGUST 5, 2009,...