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Browsing Category
Economy
Americans are now back to the overconsumption norm
We got the data on consumption, savings and income from the U.S. Department of Commerce's Bureau of Economic Analysis (BEA). What we saw should definitely bolster the view that recovery has taken hold but at the expense of saving. The BEA…
Three reasons analysts have rose-coloured glasses on Chinese bubble
China is in the midst of an asset bubble. The evidence is clear that China's aggressive fiscal and monetary policy is causing the Chinese economy to overheat, with some predicting 12% growth for the Q1 2010. According to Marshall Auerback,…
A further definition of terms
In January, I wrote Definition of terms which defined kleptocracy, looting, crony capitalism, propaganda and ideology. Here are four more terms relevant to today: Bezzle To the economist embezzlement is the most interesting of…
Will we see non-farm payroll go up for this month?
Going forward, due to time constraints I will not be publishing a weekly jobless claims report. However, I will report on the data when they are significant. Early next month, a much anticipated non-farm payroll (NFP)number is coming out.…
Chanos: Where are the perp walks?
The New York Observer has a wonderful interview with Jim Chanos out today. In it, he talks about probable fraud and criminality at Lehman. I want to use his comments as a lead-in to a wider discussion about fraud and criminality in…
Lehman chief warns of more big bank failures
Lehman Head Bryan Marsal has warned that Wall Street had not learned its lesson in the credit crisis and that another megabank bankruptcy is likely. Marsal made the remarks while in Berlin for a bankruptcy conference in an interview with…
Lehman Scandal: Where’s the Follow Up?
This is a post which originally appeared at New Deal 2.0 by Eliot Spitzer and Joshua Rosner. Eliot Spitzer is former governor of New York. He blogs for Slate.com. Joshua Rosner is managing director of an independent financial services…
Where will all the new jobs come from?
Consider this: Despite a rising population, non-farm payrolls in the United States are lower than they were a decade ago. The unemployment challenge is not just cyclical, it is secular. Sectors of the economy with a challenge include…
End ‘Too Big to Fail’ in 2 Easy Steps
This is a post which originally appeared at New Deal 2.0 by Randall Wray. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability…
The Transitional Year: Bullish cyclical and bearish secular forces
I was just reviewing some of the commentary from this January's Barron's Roundtable. I thought Felix Zulauf's take on macro trends for investors was spot on. His comments on currencies in particular inspired this post. Zulauf sees…