Administrative Note Redux

September 30th, 2009 7:59 am | by John Jansen |

After much effort my computer is back and operating here on the world wide web.

Unfortunately, I will not be blogging today as I must be in the big city for a series of meetings.

Blogging will resume tomorrow.

Thank you and have a great day.

JJJ

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  1. 6 Responses to “Administrative Note Redux”

  2. By x on Sep 30, 2009 | Reply

    the evening is not the same without you

  3. By y81 on Sep 30, 2009 | Reply

    Meetings??!! Are you going back to work?

  4. By Jill on Sep 30, 2009 | Reply

    via David Goldman…

    The only way to finance a Treasury deficit pushing $2 trillion is through the banking system. Even if savings rise to 10% of GDP and all savings go into Treasury securities, that only covers a trillion dollars. Foreign purchases might reach $300-$400 billion as China and other creditors are forced to swallow more US obligations for lack of other things to buy.

    But I note that since May, although total bank credit has fallen from $9.35 trillion to $9.12 trillion, bank holdings of Treasury securities have risen to $1.383 trillion from $1.26 trillion. Expect this to continue: the Fed will keep money easy so that banks can continue to buy into the long end of the curve with security and keep long-term yields (and mortgage rates) low.

    http://blog.atimes.net/?p=1155#respond

  5. By mrpink on Sep 30, 2009 | Reply

    Good luck John! Can’t wait for you to get back =)

  6. By vol-trader on Sep 30, 2009 | Reply

    you are killing me here JJ. I am in A.T.C. withdrawal! jk

  7. By Jay on Sep 30, 2009 | Reply

    Meetings with Don Corleone?

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