Friday, November 28, 2008

onmouseover="return window.status='http://www.quebecoislibre.org/08/081115-3.htm'" onmouseout="window.status=''" href="http://www.quebecoislibre.org/08/081115-3.htm">Some weeks ago, in an editorial about the financial crisis in the main section of this paper, a writer commented

Some weeks ago, in an editorial about the financial crisis in the main section of this paper, a writer commented
approvingly that: "Our currencies are no longer tied to gold, which means central banks can act to mitigate monetary deflation and interrupt the deadly feedback loop of mounting defaults, declining real wages and prices and increasingly onerous dollar-denominated debt. ...

Interest rates doing the limbo, as banks slash to below inflation
And it's quite possible they'll go even lower in the struggle to shore up the faltering economy.

An Argentinean voice from the economic wilderness
B. McDonald described the Collapse DVD this way: This film documents the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%.

Do We Need More of Keynes Now?
Do We Need More of Keynes Now?

Central Banking and Credit Quality
There are many very serious economic negatives of a central bank that supporters of central banks ignore. Instead, they argue that the central bank is a good institution because it helps to remedy recessions. That argument is highly misleading.

Ottawa to buy $50B in mortgages, hopes to spur loans
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The Economics of Destutt de Tracy
Antoine Louis Claude Destutt de Tracy (17541836), a French philosopher and economist, is worthy of attention as a contributor to French liberal thought in the tradition of Condillac.

Banco Itau Holding Financeira S/A Announcement
Itausa - Investimentos Itau S.A. , Banco Itau Holding Financeira S.A. , Unibanco Holdings S.A. and Unibanco - Uniao de Bancos Brasileiros S.A. , in compliance with paragraph 4 of Article 157 of Federal Statute 6404/76 and with Rules 358/2002 and 319/1999 of the Brazilian Securities and Exchange Commission , and in addition to the press release of November 3rd, 2008, hereby inform the following:

Strong dollar, stamina in doubt
The US dollar as measured against six major world currencies has appreciated about 19% during the past three months through end-October.

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