Hat tip Movie Guy China reverting to form as the world’s workshopBy Peter Marsh Published: August 11 2008 03:00 Excerpts: China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy. The great leap is […]
No matter who “won.” Anyone who knows the phrase “think at the margin”—with or without the differential calculus and comparative statics—would have predicted that the Bankruptcy Bill (a.k.a. The Ken Lewis Retirement Subsidy Act) would damage to the economy when it was least able to survive the damage. What no one knew for certain was […]
The most interesting presentation I saw at the AEA last January was Maccini and Yang’s discussion of the effect of rainfall on the health and growth of Indonesian babies.* It was subsequently discussed as an NBER working paper** by Jason Shafrin, and the thing that made it most interesting is that Maccini and Yang found […]
The gents at Capital Gains and Games—and soon, likely, the ma’am at EconMom—are in the throes of ecstasy (not necessarily the drug). There are “bond vigilantes” on the horizon. Stan Collender: The bond market “vigilantes” — the same people who forced the Clinton administration to propose and push for deficit reduction — are starting to […]
The Economist has a debate on whether high food prices are a good thing, started a couple weeks ago. I can think of several posts on the matter after reviewing pro and con. Worth a visit.
As I’m sure AngryBear readers know, Paul Krugman does not believe that the spot price of petroleum shot up due to speculation. His argument is that the only way future expected prices can affect demand for crude or supply of refined products to final consumers is via inventory accumulation and inventories haven’t increased. Also he […]
After a long long week, Matthew Yglesias has finally returned to the web at thinkprogress.org
by rdan Reuters updated 11:34 a.m. ET, Tues., July. 15, 2008 VAZIANI, Georgia – One thousand U.S. troops began a military training exercise in Georgia on Tuesday against a backdrop of growing friction between Georgia and neighboring Russia. Officials said the exercise, called “Immediate Response 2008,” had been planned for months and was not linked […]
by rdan The Onion reports: President Bush proposed a $2.4 trillion election-year budget Monday that would boost defense spending, redistribute funds among government programs, and cross out the $477 billion deficit entirely. “Nobody likes making cuts, but the nation’s current rate of spending and the decreased tax revenues we’ve seen since implementing my tax cuts […]
CORRECTION: If two observations are removed from the non-Presidential election years sample the difference between the seasonal pattern in election years and non-election years essentially disappears. This implies that the perceived market manipulation probably did not occur. Why do gasoline prices display a different seasonal pattern in presidential election years? Most people know that gas […]