naked capitalism Mon 2010-04-19 16:17 EDT
Strategic defaults increase consumer spending
...the evidence is pretty substantial that strategic defaults are indeed goosing retail sales...
naked capitalism; Strategic defaults increase consumer spending.
gooses Topic in The Credit Debacle Catalog
Federal Reserve successfully goosed money supply (1); Goldman Goose Oil (3); Goose Eggs (1); indeed goosing retail sales (1).
Fri 2010-04-09 08:08 EDT
charles hugh smith-The Contrarian Trade of the Decade: the U.S. Dollar
The majority of economic observers seem convinced that the dollar is doomed, and not in some distant future...But perhaps this thinking is wrong on virtually every important count...While the Federal Reserve successfully goosed money supply in their massive "quantitative easing" campaign, money supply is no longer expanding at a fast clip...It seems the money "created" by the Federal Reserve and lent to private banks at near-zero interest rates is simply sitting in the banks as reserves to offset their continuing horrendous losses. As a result, it is not flowing into the economy, and thus it cannot trigger inflation...Indeed, as has often been noted by Mish and others, this is what has happened in Japan for the past two decades: the central bank shovels money into private banks, who either engage in "carry trade" activities (borrowing at near-zero interest and then moving the money overseas to earn a decent yield elsewhere for easy profits) or they stash the funds to offset their ongoing losses in defaulted/impaired portfolios...
Tue 2009-06-16 00:00 EDT
Forbes.com - Magazine Article
Forbes.com - Did Goldman Goose Oil? by Christopher Helman and Liz Moyer; How Goldman Sachs was at the center of the oil trading fiasco that bankrupted pipeline giant Semgroup.
Tue 2009-04-21 00:00 EDT
Did Goldman Goose Oil? - Forbes.com
Did Goldman Goose Oil? by Christopher Helman and Liz Moyer, Forbes.com; How Goldman Sachs was at the center of the oil trading fiasco that bankrupted pipeline giant Semgroup
Thu 2008-06-12 00:00 EDT
Sudden Debt: Real GDP - Part V: Goose Eggs
"traditional macro-economic measurements like GDP, debt, etc., will soon have to be retooled or replaced entirely"