The Journal
of
Deflation
edited by Robert J. Koenig
copyright 2008 - 2011 Robert J. Koenig
copying and citation is ok, with attribution to the author and this web site, please.

Vol. 1, No. 5
Sunday, November 6, 2011

The Wall Street Journal sheds light on the PrimeX Index.

Can Interest Rates go below zero .  .  .  .  .  .  . page 1
What is inflation? page 2
What is deflation? page 3
How to tax negative profits page 4
Insurance:  who's really the "buyer" and who's the "seller". page 5
Ozone holes cause deflation (what causes deflation?) page 6
Taxing forgiven mortgages page 7
Hijacking of Financial Holding Companies page 8
The Dollar is a shrinking tape measure page 9
Theory of Retirement page 10
Yield to Maturity page 11

quotation of the day:
"There is no such uncertainty as a sure thing."

Robert Burns, Poet

Glossary of Terms:

ABX Indexes (see PrimeX Indexes below)
Adverse Interests
Alignment of Interests
AMS - Austrian Money Supply
Austrian School (spontaneous organizing power of the price mechanism)
Bank Run
Benford's Law
Benign (special use in economics; see "malign")
Bias Ratio
BISTRO (Broad Index Secured Trust Offering) (article 01)
Black Swan Event
Bond Yield to Maturity  (article 01) (article 02)
Brokered Deposits
Chicago School (econ) (math/analysis)
Chimerica
Contract of adhesion (1)
Cooperative Principal (forensic linguistics)
Dark Pools (see ft article)
Debt Deflation Trap
Deflation (definition) (benign deflation)
Deflation, growth (see this article)
Deflation, cash-building (see this article)
Deflation, bank credit (see this article)
Deflation, confiscatory (see this article)
Deleveraging
Depository Trust & Clearing Corporation (The)
Depression of 1983
Destocking (2)
Detrimental Reliance  (Estoppel)
Disintermediation
Dodd–Frank Wall Street Reform and Consumer Protection Act
DSRO [Designated Self-Regulatory Organization]
EFSF (European Financial Stabilty Facility)
Enlightened Self Interest
Epiphenomenon
Epistemology
European Central Bank
Evanescent
Excess Reserves
Financial Services Holding Company/Financial Holding Company [FHB]
     Bank Holding Company
     Holding Company
first resort, US Government as lender of (article)
first resort, US Government as spender of
Fraudulent Conveyance
Glass Steagall Act
Office of Financial Stability
Gramm Leach Bliley (Financial Services Modernization Act, Pub.L. 106-102, 113 Stat. 1338)
Great Depression
Hijacking of Holding Companies
Information Capital (see Bernanke Ph.D thesis)
Interest Rate
International Swaps and Derivatives Association
Intrinsic Value / Intrinsic Worth
Israf
Kludge
Laffer Curve
Latin American Shadow Financial Regulatory Committee (Claaf)
LCMN - Large Capitalization Multi-Nationals
Liquidity Support Facilities
Liquidity Trap"
Long Depression
Malign (special use in economics; see "benign")
Malinvestment
Mark to Market (Mark to Make Believe/Mark to Myth)
 The McCarran-Ferguson Act (15 U.S.C. 1011)
Money Supply
Moral Hazard (1) (2)
Multilateral Trading Facility (MTF)
National Chart of Accounts [it is stunning that Wikipedia has no article for this subject]
Nominal Interest Rates [less than zero]
Office of Financial Stability
Office of the Comptroller of the Currency
Office of Thrift Supervision (criminal activities) (2)
 Panic of 1792
Panic of 1819
Panic of 1873
Panic of 1893
Panic of 1907
Panic of 1929
Paradox of Thrift (Wikipedia)
Pari Passu
Plaza Accord
Predictive Analytics
PrimeX Index
Private Securities Litigation Reform Act of 1995 (PSLRA)
Project Turquoise
P2P Economy
Quantitative Easing
Rabattage (a reduction of the fiscal burden of government on the private economy)
Reconstruction Finance Corporation
Real Rate of Interest
Rentier Capitalism
Riba (1)
SRCH (or RCH) (as in the inherent error in US Government fiscal estimates)
Scienter (Cogent Inference of Scienter)
Seigneurage
Self-dealing by Mortgage Servicing Companies
Shadow Banks
Shadow Nationalization
Side A Insurance Policy
Skin in the Game
Sterilization Bonds
Special Servicer
Stagflation (Nouriel Roubini FT Article, 03 dec 08)
Stealth Lending (by governments)
Structured Investment Vehicle
Term Asset-Backed Securities Loan Facility (TALF)
Tranche
Tranche Warfare
Treasury Bill
Troubled Asset Relief Program (TARP)
Umbrella Supervision
Universal Default
"unrealized loss", Maintain[ing] an
Velocity of Money
VIX
Walras' Law
Willful Blindness
ZIRP

Economists:

Robert J. Barbera
Ben Shalom Bernanke
Alan S Blinder  (nyt) (nyt article 25 jan 09)
Martin Feldstein (npr 26 jan 09)
Alan Greenspan
Friedrich August von Hayek
John Maynard Keynes
Anatole Kaletsky
 Nikolai Dmitriyevich Kondatriev (also spelt Kondatrieff) (Kondatriev Wave Theory)
Paul Robin Krugman (1) (2)
Robert E. Lucas  (1)
Carl Menger
Ludwig Von Mises
Igor Panarin (1)
Adam S. Posen
Kenneth S. Rogoff  (Harvard)
Murray N. Rothbard
Nouriel Roubini (RGE Monitor) (wsj 21 feb 09)
Joseph Schumpeter
Thomas Sargent (NYU Bio)
Robert J. Shiller  (nyt article 22 feb 09)
Christopher Sims
Adam Smith
Joseph Eugene Stiglitz (1)
Nassim Nicholas Taleb
Richard H. Thaler (nyt article 08_feb_09)
Marie-Esprit-Léon Walras
David A. Wells (author of "Recent Economic Changes"; 1889:  Wikipedia Article)
Kenneth E. Weiher (historian)

Government Officials (past and present - the good, the bad, and the ugly):

Sheila C. Blair (nyt) (good)
Brooksley E. Born (good)
Charles Christopher Cox (very very bad, borderline criminal;  ugly as well)
Edward W. Gramlich (good)
Alan Greenspan (ugly)
 John Kingman (father?)
 Elizabeth Warren (good)

Old Articles

Vol 1 No 1
Vol 1 No 2
Vol 1 No 3
Vol 1 No 4

Bond Yield Calculator:

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