Relevant and even prescient commentary on news, politics and the economy.

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Ads were in the works, but their appearance today caught me not preparing readers for this event except for Bears. Sorry. Angry Bear is trying out the notion of a small revenue stream to help take care of expenses instead of our personal income. The time involved to keep the blog running involves much time, […]

Transfer Deadline Day and Poor Incentive Alignment

The big news of Transfer Deadline Day was that Nathaniel Clyne turned down a move from The Eagles to The Wolves.*  As The Guardian noted: [This] will please everyone at Crystal Palace who isn’t an administrator. Let’s look at the timeline and the reality. Palace was ninth in the Premier Championship [thanks to Tim in […]

What You Measure is What You Try to Manage, FRB edition

For those who were thrilled by the positive general prospects in Rebecca’s post, the WSJ presents words to die/foreclose by: If that seems at odds with the economy’s recent strength, keep in mind that the unemployment rate is usually one of the last places recovery shows up. Many of us are having trouble forgetting that, […]

Consumers around the world are generally more upbeat, but not uniformly so

Last week the IMF released its World Economic Outlook Update for the October 2009 forecast. The global economy is expected to grow 3.9% in 2010, an 0.8% upward revision. In fact, the 2010 growth projections were generally upward with little offset in 2011 (often when you get a surprise and positive economic release, the current […]