by cactus Foreclosures Are Not the Problem. Those Who Build Financial Time Bombs, and Those Who Pick Them Up, Are the Problem I hesitate to disagree with Hilzoy – she may not be an economist but she’s very smart is usually right – but she has two posts (here and here) which I think are […]
guest post by coberly WILL YOU STILL FEED ME IN 2041? I use rounded numbers below. The point will not change if someone wants to use the precise numbers. It has been argued that by the time the Trust Fund runs out of money, Social Security can continue to pay benefits without a tax raise […]
by divorced one like Bush Let’s talk jazz: Still cashing the income inequalityberries, clams, dough, heavy sugar, jack, kale, mazuma, rubes, simoelan, voot. It’s all money. I started this series to develop a simple model of income inequality so that I wouldn’t sound like I was chewing gum and people wouldn’t get all balled up […]
rdan NYT reports on the thinking of the Obama team on our budget deficit concerns. The budget will provide the first clues to how Mr. Obama will reassert fiscal discipline after signing into law a $787 billion economic recovery plan. As difficult as cutting the deficits will be, much of the reduction by the end […]
rdan No fat tail. Nor black swan. Nor once every 100 year occurrence. (Hat tip reader CMike) Forbes has Volcker’s complete remarks below the fold, lifted directly from Forbes and brought here: Paul Volcker: It’s clear to everyone that we are in the midst of a massive economic and financial crisis. It’s big in the […]
By Spencer, Earlier I showed how the sharp drop in industrial production compared to other cycles, but did not point out that the factory operating rate moved down 1.7 percentage points, to 68.0 percent, the lowest rate of utilization since this series began in 1948. Normally, capacity utilization leads inflation and this implies weshould see […]
rdan The item below was sent to me to consider. I was unsure what to do about it, as it is done by a banking PR firm. However, as a springboard to conversation, it can be useful. The post itself can start a conversation, and I will save my thoughts for the conversation. Gap Between […]
In the past two minutes of checking out Coates’s latest—well worth reading, otherwise—there have been banner and frame adverts for: The Atlantic Business, edited by Megan McArdle, “Decoding the Mysteries of Today’s Economic Order” or McMegan Explains Modern Business Models (a.k.a. “Built to Flip”) All to You and “Need Advice? Ask Jeffrey Goldberg“ Sorry, but […]
There is now an Angry Bear Chat Room facility, accessible from the lower-right corner of the blog. Does anyone want to use it? Do you need/want posters and others to schedule regular times in there used water slides?