The World Cup and Economics 2010
Who are you picking to win it all? Here's what Goldman Sachs thinks (hat tip Barry Ritholtz). Goldman World Cup 2010
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Browsing Tag
Economics
Edward Chancellor on the Paradox of Public Thrift and Other Links
Must-read: The paradox of public thrift FT.com - Edward Chancellor - The dreadful potential of frugality The Usual Fare Black Flight is the New Worry for Detroit - WSJ.com Sieben Menschen: Staatsziel sparen - so fühlt sich…
What do present large profit margins mean for stocks?
US corporate profit margins reached a half-century peak with the housing bubble. As in most recessions, margins fell. But, this time they fell precipitously, only to snap back to near that 50-year peak. The chart above from David…
A Speech: “Chairman Greenspan: A Fiat Mind for a Fiat Age”
Frederick 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). A speech delivered at the Ludwig von Mises Institute Conference:…
Deficit Hawk Hypocrisy
Marshall Auerback presents us with a perspective on how deficit hawks want to cut social programs but leave defense spending untouched while completely overlooking the fiscal cost of bailouts (originally published at New Deal 2.0). Harold…
McCulley – After the Crisis: Planning a New Financial Structure
This post by Paul McCulley,a Managing Director of PIMCO, is from a speech McCulley gave at Levy Institute and it comes via John Mauldin. Edward Harrison has inserted the images. They are not in the original. Enjoy. John Mauldin,…
Koo Calls For Stimulus as Private Sector Deleverages
Richard Koo was on Bloomberg yesterday making a lot of good points about what public sector retrenchment will mean, namely a decrease in private sector savings. With households already highly indebted in many countries, this cannot be a…
Market discipline for fiscal imprudence and the term structure of interest rates
Long-term interest rates are really a series of short-term rates smashed together. The real reason that the Federal Reserve would lose control over short-term interest rates is because the economy was operating at full capacity and creating…
What is a double dip recession?
You hear the term "double dip recession" bandied about in the media a lot these days. But there is no strict definition for what a double dip recession is or what it actually means to an economy. Have no fear; At the…
The mindset will not change; a depressionary relapse may be coming – European version
In March I wrote an American version of this post which pointed to the bailout culture in America as a major reason I fear a depressionary relapse. American policy makers have shifted private losses onto the government's books while…