http://finance.groups.yahoo.com/group/gang8/ devoted to Creditary Economics Sun, 05 Jul 2009 05:09:50 GMT AMI http://finance.groups.yahoo.com/group/gang8/message/14186 http://finance.groups.yahoo.com/group/gang8/message/14186 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 Sat, 04 Jul 2009 14:18:54 GMT Gunnar Tómasson http://finance.groups.yahoo.com/group/gang8/message/14185 http://finance.groups.yahoo.com/group/gang8/message/14185 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 Sat, 04 Jul 2009 13:39:22 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14184 http://finance.groups.yahoo.com/group/gang8/message/14184 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 Wed, 01 Jul 2009 00:29:53 GMT Gunnar Tómasson http://finance.groups.yahoo.com/group/gang8/message/14183 http://finance.groups.yahoo.com/group/gang8/message/14183 Dear Gang, Bill Ryan writes: This means that, especially in a growing economy, in terms of cash flow, as a general matter, firms are always in negative cash Tue, 30 Jun 2009 15:31:08 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14182 http://finance.groups.yahoo.com/group/gang8/message/14182 John Schwartz, ?Justices Rule That States Can Press Bank Cases,? The New York Times, June 30, 2009. The Supreme Court paved the way on Monday for states to Fri, 26 Jun 2009 15:31:57 GMT D.J.Bezemer http://finance.groups.yahoo.com/group/gang8/message/14181 http://finance.groups.yahoo.com/group/gang8/message/14181 Dear Geoffrey, Thanks or your reflections. Re: the important point about writing off debts - and thereby savings -should we not make a distinction between Fri, 26 Jun 2009 12:28:19 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14180 http://finance.groups.yahoo.com/group/gang8/message/14180 Dear Geoffrey, No difference re practicality, Geoffrey. I always defer to you here. My point is simpler: ³A debt that can¹t be paid, won¹t be.² My Fri, 26 Jun 2009 11:31:16 GMT Geoffrey Gardiner http://finance.groups.yahoo.com/group/gang8/message/14179 http://finance.groups.yahoo.com/group/gang8/message/14179 Michael, We are agreed on this one except whether a clean slate is practicable. I talked yesterday to a group of pensioners, and pointed out that if they spent Tue, 23 Jun 2009 17:37:50 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14178 http://finance.groups.yahoo.com/group/gang8/message/14178 Below is an exchange between two Georgist nuts, Mason Gaffney and Ed Dodson (formerly of FNMA), and my answers. Often a compendium of error is the best way to Tue, 23 Jun 2009 12:09:39 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14177 http://finance.groups.yahoo.com/group/gang8/message/14177 Dear Arno, For my WEBSITE, I want MY version. Counterpunch edited it to shorten it by 500 words or so. I don¹t mind referring people to it if they PREFER to Tue, 23 Jun 2009 09:49:19 GMT Dirk Bezemer http://finance.groups.yahoo.com/group/gang8/message/14176 http://finance.groups.yahoo.com/group/gang8/message/14176 Dear All, I recently shared with you a paper on why ?No One Saw This Coming? - Understanding Financial Crisis Through Accounting Models. A relevant short Mon, 22 Jun 2009 23:37:19 GMT Arno Mong Daastoel http://finance.groups.yahoo.com/group/gang8/message/14175 http://finance.groups.yahoo.com/group/gang8/message/14175 http://www.counterpunch.org/hudson06222009.html June 22, 2009 How the Financial Reform Plan Protects the Status Quo Obama's (Latest) Surrender to Wall Street Mon, 22 Jun 2009 18:11:34 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14174 http://finance.groups.yahoo.com/group/gang8/message/14174 Dear Geoffrey, Actually, it¹s our beloved Federal Reserve that will have to hibernate. The Fed¹s flow-of-founds accounts value buildings at the Original Mon, 22 Jun 2009 17:41:47 GMT Geoffrey Gardiner http://finance.groups.yahoo.com/group/gang8/message/14173 http://finance.groups.yahoo.com/group/gang8/message/14173 Michael, So the John Hancock Tower in Boston has been sold by the mortgagees for less than half what was paid for it not so long ago. That should send shivers Sun, 21 Jun 2009 23:33:49 GMT Michael Hudson http://finance.groups.yahoo.com/group/gang8/message/14172 http://finance.groups.yahoo.com/group/gang8/message/14172 My new article. This should get some play, Michel. Michael