2010

This problem is going to be solved via tax increases a la Oregon or spending cuts a la California before FY 2011 hits in July. (hat tip Gregor) (click image to enlarge) Source Unemployment Insurance Tracker - ProPublica

A reader who invests in emerging markets sent me an interesting article from the South China Morning Post. Excerpts are below. China's economic stimulus programme has accelerated the already aggressive pace of urban development in the…

A comic version of what the Constitutional Convention would look like today

I will be out this morning, but look for me on Canada's Business News Network at 10:30 where I will be interviewed regarding AIG amongst other things. Expect more posts in the afternoon. GMO's Jeremy Grantham Calls a Stock Bubble –…

I re-posted my April 2009 post, “Barack Obama as Herbert Hoover” in response to the recent deficit reduction gimmick offered up by the Obama Administration and Marshall’s similarly titled “Barack Hoover Obama.”  The point of my post…

When I wrote about house prices six months ago, I said: house prices are bottoming because we have seen a trend in year-on-year changes from January through May that looks likely to continue into the present day.  If this trend (of…

Every instinct the President has honed, every voice he hears in Washington, every inclination of our political culture urges incrementalism, urges deliberation, and an abundance of caution, particularly in regard to our “unsustainable…

As 2009 came to a close, it was obvious to me that the writing at Credit Writedowns had taken a decidedly American-centric tilt despite our experience outside of North America.  This is not something I am happy about because Marshall…

Edward Hugh here. This is a post which was originally published at A Fistful of Euros. Sometimes it surprises me what some people consider to be news. Tony Barber points out today in the FT Brussels blog that the EU has the power to mount…

Obama Liquidates Himself – Paul Krugman Blog – NYTimes.com Michael Hudson: State of the Union Junk Economics, 2010: How Much More Debt Recovery can the Economy Take? Michael Hudson: State of the Union Rhetoric, 2010: Part II…