tag:blogger.com,1999:blog-6399730406480392183.post3566779877628701908..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Wrongly Badmouthing The Federal ReserveA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6399730406480392183.post-59823486996337814162012-10-08T13:35:21.493-03:002012-10-08T13:35:21.493-03:00Politicians lie. So the fact that Romney's co...Politicians lie. So the fact that Romney's comment was not completely correct is irrelevant. I find your analysis of data in this blog very interesting. But, for me, your political bias undermines the otherwise great articles. How about some analysis of Obama's comments? Some detailed graphs on Hope and Change perhaps... ;)Walterhttps://www.blogger.com/profile/00692666729203811682noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-50560051058007620392012-09-23T18:47:31.766-03:002012-09-23T18:47:31.766-03:00I'm curious to know how you explain that the F...I'm curious to know how you explain that the Fed's holdings of Treasuries have been steady since August 2011? Anyone can get "up to the month" current data from FRED. If you average the 61 percent over all of 2011 and 8 months of 2012, Romney's three-quarters number looks even further off.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-73028667106378320822012-09-21T18:16:43.480-03:002012-09-21T18:16:43.480-03:00Dear P.J. As the US campaign progresses, your fan...Dear P.J. As the US campaign progresses, your fan is slipping and your politics are starting to show. Try this take on your data. Romney spoke in May 2012. In about March the US Fed released its Flow of Funds report for 2011. It showed that in 2011 the Fed "bought 61% of the total net Treasury issuance, up from negligible amounts prior to the 2008 crisis" - Lawrence Goodman, WSJ "Demand for Debt is Not Limitless", March 27, 2012. Admittedly 61% is not "three-quarters". But the most current data on Fed purchases at the time Romney spoke was 61% and the expression "the Fed's buying" is in what you and I know in English as the present progressive tense, referring to an ongoing, current, event. I'd say that, given the usual allowance for political hyperbole (in this case an exaggeration of 14% which is, you have to admit, small by US political standards) Romney was more or less dead-on at the time he spoke. You can not like him if you choose, but you are starting to sound like Reuters and Bloomberg. r.low d.r.noreply@blogger.com