Grantham: Finance Goes Rogue
Grantham argues that a disproportionate share of the US economy is devoted to financial services.
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Capital controls are coming and other links
Here are the links for today. I have been doing double duty because I am doing the links over at Naked Capitalism too while Yves is away. I appreciate link suggestions from readers, by the way. So ping me with links via twitter, which I use…
Voodoo That I Don’t Do
If you want to cut taxes and say you prefer them to increased spending, fine. But let's not act like tax cuts reduce the deficit. They don't. When I say economists and policy makers abuse economic ideology for political purposes, this is…
On The Linkage Between Welfare and Warfare and Other Links
Here are the links today. I have a lot more than this but some time limitations this morning as I am preparing for a spot on BBC Five Live for 5PM UK time (12PM EDT). The Prime Minister is in town and I will provide some economic commentary…
Grantham: Deflation has won on points
Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future at least, his adversary in the blue trunks, Deflation, has won on points. Even if we get intermittently rising commodity prices,…
John Hussman on Taxes and Tobin’s Q-Ratio
John Hussman is out with his latest weekly commentary. He continues to make good points about the market's overvaluation despite the forward earnings crowd's cries that P/E ratios (see Hussman: US shares are 40% overvalued). While Comstock…
Is the euro on shaky ground?
Adam Hewison at INO does a little technical analysis of the EUR/USD trends in a video at INO MarketClub. I have linked to the video below, but first a few words. Back in May, I wrote: while there is currency revulsion now at work and…
Economists on jobs and other links
Just a reminder, I will be on BBC Radio Five Live sometime around noonish tomorrow ET. I will post the links to my BNN piece from last week later today. The topic of today is jobs. There were a number of posts in which economists and media…
On What Germany Has Learned About Debt And Other Links
Topic of the day: German economic policy Tyler Cowen -.Economic View - What Germany Has Learned About Debt - NYTimes.com This Op-Ed in the New York Times echoes some themes I laid out in "Lessons We Can Learn On How Stimulus And…