February 2011

This is a wonkish post, but bear with me, because it's important. Randall Wray's last post sparked a thought regarding trade deficits and budget deficits which I wanted to run by you. Randy said: We see from the chart that the…

by L. Randall Wray In recent months, the nation's pundits have been whipping up deficit hysteria in a mass public mis-education campaign funded by billionaire Pete Peterson. In this blog I will explain why we should not be misled. First,…

The U.S. jobs data this month is a bit screwy. I wanted to flag something I saw because I think it is significant.  First, here is the headline. The U.S. Bureau of Labor Statistics reported an addition to non-farm payrolls of 36,000…

Hey if y'all can do it, so can we. (Hat tip Ryan Chittum)

By Claus Vistesen It seems that JCT today showed that he and the ECB are not completely blind and deaf when it comes to the reality of a stronger currency in a world where everyone is scrambling to devalue. As I have noted before,…

“If spending an amount equal to half of the world’s second largest GDP to buy up foreign currencies is not currency manipulation, then what is?” -Martin Wolf, Financial Times The perils of Chicago Many moons ago, long before I…

Earlier this week Google disclosed that it had run a sting operation on its main search page which clearly ascertained that Bing, a competitor search engine by Microsoft, was using Google's search results to tweak its own search results.…

Andy Lees of UBS's London-based Equity Derivatives group had an interesting post this morning on the push in China to maintain sufficient energy resources in order to maintain economic growth. He writes: Yesterday China gave the…

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

By Marshall Auerback Yesterday, Ed wrote a good piece on consumer spending and the return of the economy to the status quo ante. I think it's a little bit more malign than that. There has been a real positive change in the underpinnings…