2011

I think these two quotes sound pretty similar. They both blame Europe for the world’s economic problems. The inference is that all would be well if it weren’t for those Europeans.

For Amazon, they are always willing to introduce loss leaders to build volume. I anticipate they will be successful here yet again. That is a wonderful story for their Kindle book sales, music sales, video sales and for their App store…

I see this private mending market as a bit like pay day loans in the US. The goal, however, is to get around lending restrictions imposed by the state. The lesson is clear: once bubble psychology takes over, it is difficult to dislodge it.…

Warren Mosler argues that it is the realization that the ECB is the issuer of the currency, and is therefore not revenue constrained, that leads to the conclusion that not allowing Greece to default best serves public purpose.

The world is experiencing the adverse consequences of negative real interest rates and yet the monetary policy prescription of choice is for more negative real interest rates.

This video clip has been making the rounds so I thought I should post it (without commentary). The line most people have focused on is the one I quoted in the post title. Feel free to comment.

Today's durable goods orders data lends credence to our projection of fairly robust Q3 US GDP after the dismal 0.8% expansion in H1. The durable goods report is the third important piece of data that should encourage economists to look for…

Cain's message resonates with rank-and-file Republicans - Politics Wires - MiamiHerald.com tags: republicans…

Former ECB chief economist Otmar Issing recently spoke to German weekly Stern in an interview now published online. His view is that the appropriate strategy for dealing with Greece is to force a hard restructuring and a large writedown of…

Most of the writers whose work appear on this blog have long warned that the extend and pretend strategy in Europe would fail. Now, it seems that Europe is moving to a hard restructuring for Greece and recapitalisation for bank creditors.…