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Yearly Archives
2013
Krugman: IS-LM economic modeling failure (part 1)
Now the bad times are back, and Krugman is trying resuscitate IS-LM. I argue that he should leave it dead – not for the reasons that the new classicals killed it off (being inconsistent with neoclassical microeconomics is a plus in my…
Trouble in Canada’s economy
Analysts are beginning to raise concerns about Canada's near-term economic growth. The nation's central bank is holding the overnight rate at 1% and will likely maintain this level for some time to come.
Achuthan: The US has been in a recession for three quarters of a year already
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, was on "Bloomberg Surveillance" this morning repeating his claim that a US recession "began around the middle of last year".
On continued recovery in the US
More and more the economic data coming out of the US seems to support continued recovery. The housing data certainly does. Consumer credit is increasing. And the Fed Flow of Funds data shows household balance sheets significantly repaired.…
Thoughts on the Dow high and a look back at the market bottom in 2009
A lot is being made of the new high that was recorded by the Dow Jones Industrial Average yesterday. However, in the context of still weak income growth and lacklustre economic growth, the new Dow highs are not as widely celebrated as the…
China’s real estate bubble
"China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history. Lesley Stahl reports."